We have recently updated a report on Copa Holdings, S.A. CPA.Copa Holdings has an impressive Growth Score of A. This style score condenses all the essential metrics from the company’s financial statements to get a true sense of quality and sustainability of growth.Copa Holdings’ liquidity position is encouraging. The carrier exited the fourth quarter of 2021 with cash and cash equivalents of $1,017 million, significantly higher than its current debt level of $196.6 million. This implies that the company has enough cash to meet its short-term debt obligations. The company’s current ratio at the end of the fourth quarter was 1.10. A current ratio of more than 1 implies that the company has sufficient financial resources to remain solvent over the short term.CPA’ operating expenses have lowered substantially, which is partly offsetting coronavirus-led woes. In the fourth quarter, total operating expenses declined 36.8% from fourth-quarter 2019 actuals with a 13% decline in fuel expenses, owing to reduced fuel gallons’ consumption (down 22.8% year-over-two-year). Additionally, expenses on passenger servicing declined 50.8% on a year-over-two-year basis. Expenses on wages, salaries and other employee benefits dropped 30.1% in the said time period due to reduced headcount. Flight operation costs also plunged 23%.Oil is currently trading above $100 a barrel. This level was last touched in 2014. Russia’s launch of military operations in Ukraine skyrocketed the commodity price. The upsurge is reflective of the concerns about oil supplies from Russia, which is one of the world's largest producers of the commodity. Such escalation in oil price does not bode well for Copa Holdings’ bottom line as fuel expenses represent one of the highest input costs for the carrier.Zacks Rank & Stocks to ConsiderCopa Holdings currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Zacks Transportation sector are J.B. Hunt Transport Services, Inc. JBHT, Union Pacific Corporation UNP and Triton International Limited TRTN.The long-term expected EPS (three to five years) growth rate for J.B. Hunt is pegged at 15%. JBHT is benefiting from strong performances across all its segments. While the Dedicated Contract Services (DCS) unit is being aided by fleet-productivity improvement and a rise in average revenue-producing trucks, the Integrated Capacity Solutions (ICS) unit is gaining from favorable customer freight mix as well as higher contractual and spot rates.JBHT’s measures to reward shareholders are encouraging. Driven by the tailwinds, the stock has increased 29.3% in the past year. J.B. Hunt currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The long-term expected EPS (three to five years) growth rate for Union Pacific is pegged at 10%. With economic activities gaining pace, freight revenues (accounting for a bulk of the top line) are improving. Freight revenues increased 11% year over year in 2021. Segment-wise, freight revenues in 2021 increased 12%, 11% and 11% in the bulk, industrial and premium units, respectively.Driven by the tailwinds, the stock has increased 21.8% in the past year. UNP currently carries a Zacks Rank #2 (Buy).The long-term expected EPS (three to five years) growth rate for Triton is pegged at 10%. Gradual increases in trade volumes and container demand bode well for the company. With easing coronavirus-led restrictions in the United States and Europe, the company saw a strong rebound in its business in the third, the fourth of 2020 as well as in each of the four quarters of 2021.Driven by the tailwinds, the stock has increased 18% in the past year. TRTN currently carries a Zacks Rank #2. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Union Pacific Corporation (UNP): Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report Triton International Limited (TRTN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research