It is a well-documented fact that the transportation sector is one of the worst-affected corners of the investment world that bore a massive brunt of the coronavirus pandemic. The space, which includes airlines, railroads, truckers, shippers and package delivery companies to name a few, is dealt a body blow by factors like declining air-travel demand and low shipment volumes.
Despite the above-mentioned negatives, there are a few favorable factors prevalent in this sector.
The uptick in demand for e-commerce — the method of buying and selling goods and services via a software platform — in the current scenario is a huge positive, particularly for the package delivery companies in the sector like FedEx Corporation FDX and United Parcel Service UPS. With the pandemic largely restricting people to their homes, consumers are placing orders more online. Naturally, the need for door-to-door delivery of essentials is rising in the current