Geopolitical tension around the Strait of Hormuz has eased, oil prices have pulled back sharply, and equity futures are pointing to a more upbeat mood, with U.S. stock futures in the green and U.S. crude and Brent both down more than 4%. For you, that raises a simple question: which industrials and transportation stocks might be positioned to benefit from lower energy costs and calmer supply routes? This article highlights 3 stocks from a quality-focused Global Industrials and Transportation screener that appear positively exposed to the latest news, and explains why each one may warrant a closer look now.

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NFI Group (TSX:NFI)

Overview: NFI Group manufactures buses and coaches for public transit and commercial operators across North America, the UK, Europe and Asia Pacific, and also supplies parts, servicing and electric vehicle infrastructure to keep those fleets running. Its brands include New Flyer, Alexander Dennis, MCI, ARBOC and NFI Parts, covering everything from heavy duty city buses to double deckers and cutaway models.

Operations: NFI generates about US$3.0b in revenue from Manufacturing Operations and US$626.8m from Aftermarket Operations, with around US$3.1b coming from North America, US$454.4m from the UK and Europe and US$39.7m from Asia Pacific.

Market Cap: CA$2.7b

For investors looking at stocks that could benefit from cheaper energy and smoother global trade, NFI Group stands out as a bus manufacturer tied directly to rising mobility, government transit funding and the global push toward cleaner fleets. A record multiyear backlog, growth in higher margin aftermarket services and confirmation of 2026 revenue guidance give the business clear visibility, while new U.S. funding for transit and recent order wins, such as the 60 double deckers for Lothian Buses, support demand. The key watchpoints are high leverage and rising competition. If NFI can keep improving operations and managing debt, the combination of policy support and normalized energy costs could be powerful.

NFI’s record backlog and transit funding tailwinds could be only half the story, especially with leverage and execution in focus. See how these pieces fit together in the analysis report for NFI Group

Stantec (TSX:STN)

Overview: Stantec is a global engineering and design company that helps governments and businesses plan, design, and manage critical infrastructure, from water systems and transportation networks to buildings and energy projects, with a strong focus on sustainability and environmental services.

Operations: Stantec generates about CA$3.5b in revenue from the United States, CA$1.6b from Canada, and CA$1.6b from its Global segment, reflecting a broad mix of North American and international work.

Market Cap: CA$11.5b

Stantec provides exposure to long term demand for infrastructure, water, and climate resilience projects, supported by a CA$7.9b backlog and recent wins such as major U.S. Army Corps of Engineers contracts and the Melbourne water program. The company combines this project pipeline with earnings growth expectations, a focus on higher margin consulting and digital tools, and analyst targets that sit well above the current share price. At the same time, it carries meaningful debt, acquisition integration risk, and reliance on government funding cycles. Understanding how those strengths and pressure points interact in light of easing energy costs and improving trade routes is where the real opportunity, or caution, lies.

Stantec’s CA$7.9b backlog and global reach hint at earnings momentum that many investors may be underestimating, but the real story sits in the analyst forecasts for Stantec, where one key assumption could change everything

Grab Holdings (GRAB)

Overview: Grab Holdings operates a superapp across eight Southeast Asian countries, bundling ride hailing, food and goods delivery, payments, banking, lending, insurance, advertising, and mapping into a single everyday platform for consumers, drivers, and merchants.

Operations: Grab generates about US$1.9b from Deliveries, US$1.3b from Mobility, US$379m from Financial Services and US$4m from Others.

Market Cap: US$13.5b

Grab sits at the intersection of Southeast Asia’s growing digital economy and rising regional trade, which could benefit from a reopened Strait of Hormuz through steadier fuel costs and smoother logistics. Recent results show revenue of US$955m for Q1 2026 with net income of US$136m, while the stock trades well below one DCF based fair value estimate. At the same time, thin margins, a high P/E, heavy reliance on external funding and a relatively young board keep risk firmly on the table. The key question is whether its superapp model and expanding financial services are being fully reflected in the current price, or not yet.

Grab’s superapp story, its recent US$955m quarterly revenue and US$136m net income raise an important question about whether the current pricing really reflects its potential. The full picture sits inside the analysis report for Grab Holdings

The three stocks here are just a starting point, and the full Global Industrials and Transportation screener highlights 15 more industrials and transportation companies that carry equally compelling narratives around balance sheet strength, valuation, and future potential. Use Simply Wall St to identify and analyze the specific catalysts and storylines that matter to you so you can focus on the highest conviction opportunities in this theme.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.