<p>許多投資者認為運輸股票獨特，因為其固有特性和在經濟中的重要作用。無論是人還是貨物，運輸都是一項基本服務，需求往往具有彈性，即使在較軟的市場中也是如此。</p>
<p>同樣，這個行業對經濟增長至關重要，這意味着其組成部分往往會隨着經濟增長而增長。隨着美國經濟在截至 6 月的三個月內實現了 2.8% 的 GDP 增長並超出預期，運輸股票的前景仍然強勁。</p>
<p>事實上，鑑於過去一年運輸股票落後於市場，運輸股票今天可能提供許多買入機會。最大的純運輸 ETF——<strong>iShares 美國運輸 ETF</strong>（BATS:<strong>IYT</strong>）表現不佳，與 <strong>標普 500 指數</strong> 相比保持相對平穩。</p>
<p>而標普 500 指數本身在此期間上漲約 20%。</p>
<p>隨着經濟蓬勃發展，但運輸股票落後，很可能該領域許多公司被低估。本文介紹了三家因其特質和具有吸引力的估值而脱穎而出的頂級運輸股票。</p>
<h2>Old Dominion Freight Line (ODFL)</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>來源：Andriy Blokhin / Shutterstock.com</p>
<p>讓我們從 <strong>Old Dominion Freight Line</strong>（納斯達克：<strong>ODFL</strong>）開始，這是一家專注於區域和全國貨運的領先的零擔運輸公司。多年來，該公司以可靠性、效率和卓越的客户服務建立了聲譽。</p>
<p>通過調整其業務模式，專注於提供高質量、具有成本效益的零擔運輸解決方案，同時將較小的貨物整合到一輛卡車中，Old Dominion 成功優化了交付並降低了成本。</p>
<p>除了提高公司的運營效率外，這一策略還為客户提供了巨大價值，反過來導致了異常的增長。</p>
<p>具體來説，在過去十年中，Old Dominion 的營收以 9.6% 的複合年增長率增長。在同一時期，其每股收益以更令人印象深刻的 21.6% 的複合年增長率增長，反映了運營效率。</p>
<p>公司的業績最近也表現強勁，其第二季度報告顯示，營收增長了 6.1%，每股收益顯著增長了 11.3%，達到 1.48 美元。</p>
<p>以今年預期每股收益的 36 倍計算，該股票看起來可能並不便宜，但考慮到其傑出的業績記錄和強勁的未來前景，市場對這個公司附加了溢價倍數是合理的。</p>
<h2>Union Pacific Railroad (UNP)</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>來源：Shutterstock</p>
<p>接下來，我們有 <strong>Union Pacific Railroad</strong>（紐約證券交易所：<strong>UNP</strong>），這是美國最大的貨運鐵路網絡之一，在 23 個州的 32000 英里鐵路上運營。該公司專門從事各種貨物的運輸，包括煤炭、工業產品和農產品。</p>
<p>其龐大的鐵路網絡在港口、生產中心和市場之間提供重要的連接，使其成為關鍵的基礎設施。</p>
<p>Union Pacific 之所以有趣，是因為它受益於運營在寡頭市場中，少數大型參與者主導市場，阻礙競爭並確保穩定的定價權。</p>
<p>這種市場結構使 Union Pacific 能夠保持高運營效率和定價槓桿。顯然，儘管公司的營收在過去十年左右保持穩定，但其每股收益在此期間以 8.3% 的複合年增長率增長。</p>
<p>華爾街預計今年每股收益為 11.15 美元，這意味着同比增長 8.5%，根據股票當前價格，市盈率為 22 倍。雖然這個倍數看起來有點高，但實際上提供了一個機會，因為共識預測顯示中期將加速至兩位數增長。</p>
<p>此外，Union Pacific 的護城河本身當然也值得一定的溢價。因此，我不會太在意目前的股價估值。</p>
<h2>康捷國際物流（EXPD）</h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>來源：shutterstock.com/By yuttana Contributor Studio</p>
<p>在我列出的運輸股票名單中，最後一家是 <strong>康捷國際物流</strong>（紐約證券交易所：<strong>EXPD</strong>），這是全球物流和貨運行業的領先參與者，以提供全面的供應鏈解決方案而聞名。</p>
<p>該公司通過專注於空運和海運貨運、報關和配送管理，開闢了一個重要的市場。</p>
<p>總體而言，它在組織國際貿易的複雜物流方面表現出色，確保貨物順利從起點運送到目的地。</p>
<p>康捷國際的一個關鍵競爭優勢是其廣泛的全球網絡，覆蓋全球主要貿易路線和市場。這使得公司能夠為各行業的需求量身定製高效的端到端物流解決方案，這推動了多年來的出色增長。</p>
<p>具體來説，過去十年中，公司的每股收益以 11.6% 的複合年增長率增長，當前的行業動態表明未來將保持強勁的勢頭。</p>
<p>康捷國際的另一個顯著特點是其令人印象深刻的股息增長曆史。儘管該行業的性質相對週期性，但康捷國際穩健的現金流和持續增長使該公司連續 29 年每年增加股息。</p>
<p>因此，該公司是被稱為股息貴族的 68 只股票精英組合的成員。</p>
<p><em>在發佈日期，Nikolaos Sismanis 沒有持有（直接或間接）本文提到的證券的任何頭寸。本文中表達的觀點屬於作者本人，受 InvestorPlace.com 發佈指南的約束。</em></p>
<p><em>在發佈日期，負責編輯在本文提及的證券中沒有任何持倉（直接或間接）</em></p>
<p>Nikolaos Sismanis 是一位擁有五年股票研究和財務建模經驗的專業研究分析師。Nikolaos 已撰寫超過 1,000 篇與股票相關的文章，重點關注發掘深度價值機會，識別合理估值的成長股，以及關注被忽視的國際股票。</p>

康捷國際物流

<p>運輸股雖然落後於市場，但提供了購買機會。考慮三家頂級運輸股票：Old Dominion Freight Line (ODFL)，Union Pacific Railroad (UNP) 和康捷國際物流 (EXPD)。ODFL 在營收和每股收益上表現出色增長。UNP 受益於運營在寡頭產業中，具有穩定的定價能力。EXPD 專注於全球物流和貨運代理，享有良好聲譽。這些股票未來前景看好，可能被低估了</p>

<p>Many investors find transportation stocks unique due to their inherent qualities and vital role in the economy. Whether it’s people or goods, transportation is a fundamental service with demand that tends to be resilient, even in softer markets.</p>
<div class="lb-trans"><p>許多投資者認為運輸股票獨特，因為其固有特性和在經濟中的重要作用。無論是人還是貨物，運輸都是一項基本服務，需求往往具有彈性，即使在較軟的市場中也是如此。</p>
</div><p>Likewise, this industry is essential for economic growth, which means that its constituents tend to grow in line with the economy. With the U.S. economy posting GDP growth of 2.8% in the three months to June and beating expectations, the outlook on transportation stocks remains robust.</p>
<div class="lb-trans"><p>同樣，這個行業對經濟增長至關重要，這意味着其組成部分往往會隨着經濟增長而增長。隨着美國經濟在截至 6 月的三個月內實現了 2.8% 的 GDP 增長並超出預期，運輸股票的前景仍然強勁。</p>
</div><p>In fact, transportation stocks could offer many buying opportunities today, given that they have lagged behind the market over the past year. The <strong>iShares U.S. Transportation ETF</strong> (BATS:<strong>IYT</strong>), the largest pure-play transportation ETF, has underperformed, remaining relatively flat compared to the <strong>S&amp;P 500</strong>.</p>
<div class="lb-trans"><p>事實上，鑑於過去一年運輸股票落後於市場，運輸股票今天可能提供許多買入機會。最大的純運輸 ETF——<strong>iShares 美國運輸 ETF</strong>（BATS:<strong>IYT</strong>）表現不佳，與 <strong>標普 500 指數</strong> 相比保持相對平穩。</p>
</div><p>The S&amp;P 500 itself has surged by about 20% during this period.</p>
<div class="lb-trans"><p>而標普 500 指數本身在此期間上漲約 20%。</p>
</div><p>With the economy thriving yet transportation stocks lagging behind, it’s likely that many names in the space are undervalued. In this article are three top transportation stocks that stand out for their qualities and compelling valuations.</p>
<div class="lb-trans"><p>隨着經濟蓬勃發展，但運輸股票落後，很可能該領域許多公司被低估。本文介紹了三家因其特質和具有吸引力的估值而脱穎而出的頂級運輸股票。</p>
</div><h2>Old Dominion Freight Line (ODFL)</h2>
<div class="lb-trans"><h2>Old Dominion Freight Line (ODFL)</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Andriy Blokhin / Shutterstock.com</p>
<div class="lb-trans"><p>來源：Andriy Blokhin / Shutterstock.com</p>
</div><p>Let’s start with <strong>Old Dominion Freight Line</strong> (NASDAQ:<strong>ODFL</strong>), which is a leading less-than-truckload carrier that focuses on regional and national freight transportation. Over the years, the company has built a reputation for reliability, efficiency and superior customer service.</p>
<div class="lb-trans"><p>讓我們從 <strong>Old Dominion Freight Line</strong>（納斯達克：<strong>ODFL</strong>）開始，這是一家專注於區域和全國貨運的領先的零擔運輸公司。多年來，該公司以可靠性、效率和卓越的客户服務建立了聲譽。</p>
</div><p>By adjusting its business model to specialize in providing high-quality, cost-effective LTL shipping solutions, while consolidating smaller shipments into a single truckload, Old Dominion has managed to optimize deliveries and reduce costs.</p>
<div class="lb-trans"><p>通過調整其業務模式，專注於提供高質量、具有成本效益的零擔運輸解決方案，同時將較小的貨物整合到一輛卡車中，Old Dominion 成功優化了交付並降低了成本。</p>
</div><p>This strategy, besides improving the company’s operational efficiency, also offers significant value to clients, which has, in turn, led to exceptional growth.</p>
<div class="lb-trans"><p>除了提高公司的運營效率外，這一策略還為客户提供了巨大價值，反過來導致了異常的增長。</p>
</div><p>Specifically, over the past decade, Old Dominion’s revenues have grown at a compound annual growth rate (CAGR) of 9.6%. Its earnings-per-share has grown at an even more impressive CAGR of 21.6% over the same period, reflecting operating efficiencies.</p>
<div class="lb-trans"><p>具體來説，在過去十年中，Old Dominion 的營收以 9.6% 的複合年增長率增長。在同一時期，其每股收益以更令人印象深刻的 21.6% 的複合年增長率增長，反映了運營效率。</p>
</div><p>The company’s performance has also been strong recently, with its Q2 report showing a 6.1% increase in revenues and a notable 11.3% increase in EPS to $1.48.</p>
<div class="lb-trans"><p>公司的業績最近也表現強勁，其第二季度報告顯示，營收增長了 6.1%，每股收益顯著增長了 11.3%，達到 1.48 美元。</p>
</div><p>At 36x this year’s expected EPS, the stock might not seem cheap, but when you consider its outstanding track record and strong future prospects, it’s reasonable that the market has attached a premium multiple to this name.</p>
<div class="lb-trans"><p>以今年預期每股收益的 36 倍計算，該股票看起來可能並不便宜，但考慮到其傑出的業績記錄和強勁的未來前景，市場對這個公司附加了溢價倍數是合理的。</p>
</div><h2>Union Pacific Railroad (UNP)</h2>
<div class="lb-trans"><h2>Union Pacific Railroad (UNP)</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Shutterstock</p>
<div class="lb-trans"><p>來源：Shutterstock</p>
</div><p>Next up, we have <strong>Union Pacific Railroad</strong> (NYSE:<strong>UNP</strong>), one of the largest freight rail networks in the U.S., operating over 32,000 miles of track across 23 states. The company specializes in transporting a diverse range of goods, including coal, industrial products and agricultural commodities.</p>
<div class="lb-trans"><p>接下來，我們有 <strong>Union Pacific Railroad</strong>（紐約證券交易所：<strong>UNP</strong>），這是美國最大的貨運鐵路網絡之一，在 23 個州的 32000 英里鐵路上運營。該公司專門從事各種貨物的運輸，包括煤炭、工業產品和農產品。</p>
</div><p>Its vast rail network provides vital connectivity between ports, production hubs and markets, making it a critical infrastructure.</p>
<div class="lb-trans"><p>其龐大的鐵路網絡在港口、生產中心和市場之間提供重要的連接，使其成為關鍵的基礎設施。</p>
</div><p>What’s interesting about Union Pacific is that it benefits from operating in an oligopolistic industry, where a few large players dominate the market, barricading competition and allowing for stable pricing power.</p>
<div class="lb-trans"><p>Union Pacific 之所以有趣，是因為它受益於運營在寡頭市場中，少數大型參與者主導市場，阻礙競爭並確保穩定的定價權。</p>
</div><p>This market structure enables Union Pacific to maintain high operational efficiency and pricing leverage. Evidently, while the company’s revenues have been more or less stable over the past decade, its EPS has grown at a CAGR of 8.3% over this period.</p>
<div class="lb-trans"><p>這種市場結構使 Union Pacific 能夠保持高運營效率和定價槓桿。顯然，儘管公司的營收在過去十年左右保持穩定，但其每股收益在此期間以 8.3% 的複合年增長率增長。</p>
</div><p>Wall Street expects EPS of $11.15 this year, implying a year-over-year growth of 8.5% and a P/E of 22x based on the stock’s current price. While this multiple may seem somewhat rich, it actually presents an opportunity, given that consensus estimates point to an acceleration to the double-digits over the medium term.</p>
<div class="lb-trans"><p>華爾街預計今年每股收益為 11.15 美元，這意味着同比增長 8.5%，根據股票當前價格，市盈率為 22 倍。雖然這個倍數看起來有點高，但實際上提供了一個機會，因為共識預測顯示中期將加速至兩位數增長。</p>
</div><p>Also, Union Pacific’s moat certainly deserves a premium itself. Hence, I wouldn’t mind the stock’s current valuation too much.</p>
<div class="lb-trans"><p>此外，Union Pacific 的護城河本身當然也值得一定的溢價。因此，我不會太在意目前的股價估值。</p>
</div><h2>Expeditors International of Washington (EXPD)</h2>
<div class="lb-trans"><h2>康捷國際物流（EXPD）</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: shutterstock.com/By yuttana Contributor Studio</p>
<div class="lb-trans"><p>來源：shutterstock.com/By yuttana Contributor Studio</p>
</div><p>Last on my list of transportation stocks is <strong>Expeditors International of Washington</strong> (NYSE:<strong>EXPD</strong>), a leading player in the global logistics and freight forwarding industry with a robust reputation for delivering comprehensive supply chain solutions.</p>
<div class="lb-trans"><p>在我列出的運輸股票名單中，最後一家是 <strong>康捷國際物流</strong>（紐約證券交易所：<strong>EXPD</strong>），這是全球物流和貨運行業的領先參與者，以提供全面的供應鏈解決方案而聞名。</p>
</div><p>The company has carved out a significant niche by specializing in air and ocean freight forwarding, customs brokerage and distribution management.</p>
<div class="lb-trans"><p>該公司通過專注於空運和海運貨運、報關和配送管理，開闢了一個重要的市場。</p>
</div><p>Overall, it excels in orchestrating the complex logistics of international trade, ensuring goods move smoothly from origin to destination.</p>
<div class="lb-trans"><p>總體而言，它在組織國際貿易的複雜物流方面表現出色，確保貨物順利從起點運送到目的地。</p>
</div><p>One of Expeditors’ key competitive advantages is its extensive global network, which spans major trade routes and markets worldwide. It enables the company to offer efficient, end-to-end logistics solutions tailored to the needs of diverse industries, which has powered excellent growth over the years.</p>
<div class="lb-trans"><p>康捷國際的一個關鍵競爭優勢是其廣泛的全球網絡，覆蓋全球主要貿易路線和市場。這使得公司能夠為各行業的需求量身定製高效的端到端物流解決方案，這推動了多年來的出色增長。</p>
</div><p>Specifically, the company’s EPS has grown at a CAGR of 11.6% over the past decade, with current industry dynamics pointing to strong momentum moving forward.</p>
<div class="lb-trans"><p>具體來説，過去十年中，公司的每股收益以 11.6% 的複合年增長率增長，當前的行業動態表明未來將保持強勁的勢頭。</p>
</div><p>Another notable aspect of Expeditors is its impressive dividend growth history. Despite the industry’s rather cyclical nature, Expeditors’ solid cash flows and consistent growth have allowed the company to grow its dividend every year over the past 29 years.</p>
<div class="lb-trans"><p>康捷國際的另一個顯著特點是其令人印象深刻的股息增長曆史。儘管該行業的性質相對週期性，但康捷國際穩健的現金流和持續增長使該公司連續 29 年每年增加股息。</p>
</div><p>Consequently, the company is a member of the elite group of 68 stocks known as Dividend Aristocrats.</p>
<div class="lb-trans"><p>因此，該公司是被稱為股息貴族的 68 只股票精英組合的成員。</p>
</div><p><em>On the date of publication, Nikolaos Sismanis did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>
<div class="lb-trans"><p><em>在發佈日期，Nikolaos Sismanis 沒有持有（直接或間接）本文提到的證券的任何頭寸。本文中表達的觀點屬於作者本人，受 InvestorPlace.com 發佈指南的約束。</em></p>
</div><p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div class="lb-trans"><p><em>在發佈日期，負責編輯在本文提及的證券中沒有任何持倉（直接或間接）</em></p>
</div><p>Nikolaos Sismanis is a professional research analyst with five years of experience in the field of equity research and financial modeling. Nikolaos has authored over 1,000 stock-related articles that focus on uncovering deep value opportunities, identifying growth stocks at reasonable valuations, and shining a spotlight on overlooked international equities.</p>
<div class="lb-trans"><p>Nikolaos Sismanis 是一位擁有五年股票研究和財務建模經驗的專業研究分析師。Nikolaos 已撰寫超過 1,000 篇與股票相關的文章，重點關注發掘深度價值機會，識別合理估值的成長股，以及關注被忽視的國際股票。</p>
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