The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Pangaea Logistics Solutions (PANL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of PANL and the rest of the Transportation group's stocks.Pangaea Logistics Solutions is one of 141 individual stocks in the Transportation sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. PANL is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for PANL's full-year earnings has moved 37.14% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.According to our latest data, PANL has moved about 83.39% on a year-to-date basis. At the same time, Transportation stocks have gained an average of 5.06%. This means that Pangaea Logistics Solutions is performing better than its sector in terms of year-to-date returns.To break things down more, PANL belongs to the Transportation - Shipping industry, a group that includes 44 individual companies and currently sits at #63 in the Zacks Industry Rank. Stocks in this group have gained about 62.89% so far this year, so PANL is performing better this group in terms of year-to-date returns.Going forward, investors interested in Transportation stocks should continue to pay close attention to PANL as it looks to continue its solid performance. Tech IPOs With Massive Profit Potential In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names. For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way… If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November. With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.See Zacks Hottest Tech IPOs 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 Pangaea Logistics Solutions Ltd. (PANL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research