“People have money and they’re not spending it on going out to the theater, they’re buying goods, CEO Black Gold Investors LLC. The transport industry has been one of the hardest hit by the pandemic. To limit transmission of the virus, most governments have been forced to enforce massive restrictions on public transport, leading to revenue losses of up to 70% for operators. Yet, there’s one corner of the transport industry that has actually been thriving: eCommerce delivery. The U.S. freight business has emerged as one of the rare winning sectors during the pandemic with traffic–and profits–up substantially since lockdowns started in late March. Data from the U.S. Federal Highway Administration, courtesy of Bloomberg, has revealed that large trucks have driven 5% more miles over the past 30 days than they did a year before. In fact, business has been booming so much so that FedEx Corp . (NYSE:FDX) […]