5 Most Profitable Cash-Only Businesses To Avoid Taxes

3. Transport Services

One of the reasons that the transport business in most countries is still cash-dominated is that local transport fares are usually very low. Since many people in urban centers use inter-city transport, these routes tend to be busy and cash-heavy, as people prefer to pay these small amounts in cash in order to avoid hidden fees or hassles with electronic devices. In developing countries, this is especially true, where the transport in some of the most populated cities in the world is dominated by a cash-only market where mass transit systems are missing.

Expeditors International for Washington (NASDAQ: EXPD) is a freight and logistics firm that is operating transportation services in the US. The stock of the company has seen a steady rise since the vaccine rollout at the beginning of the year. The company is valued at more than $18 billion and future growth forecast is also positive. Other big players in the industry include Matson (NASDAQ: MATX) and Echo Global Logistics (NASDAQ: ECHO). Both these companies are also upbeat about the future as the pandemic fears recede.