Capstone Partners released its June 2021 Transportation & Logistics Public Earnings Update, reporting that third-party logistics companies saw record sales due to the shift in consumer behavior towards e-commerce, with the pandemic playing an important role. The demand for transportation has also strengthened and contributed to higher rates across the industry.

"Capstone closely follows public company earnings reports across Transportation & Logistics, distilling the information into key highlights for business owners. Q1 revealed trends we're seeing across the industry including heightened investment in technology, a capacity and driver shortage, and revenue largely exceeding estimates in the Third-Party Logistics, Trucking, Warehousing & Fulfillment, and Marine sectors. We expect these trends to bolster an already frothy M&A market for sellers," said Managing Director Burke Smith, Head of Capstone's Transportation & Logistics Group.

Also included in this report:

• How the trucking capacity shortage is creating a new opportunity for rail-based intermodal companies

• What logistics and warehousing companies are investing in to stay competitive

• Key impacts on marine companies

• How airlines are pivoting their strategies as travel resumes