“Trains, planes and trucks are rebounding. That’s a good sign for the US economy”
June 3, 2020
“…Transportation stocks — airlines, railroads, truckers and shippers — are a proverbial canary in acoal mine. The Dow Jones Transportation Average (DJT) is often looked at by experts as a good indicatorfor the state of the economy and broader market. And it’s outperforming the market lately.
This index, which includes Southwest (LUV), Union Pacific (UNP), Old Dominion Freight Line (ODFL), FedEx (FDX), UPS (UPS) and fifteen other transportation stocks, nosedived in early March…
But now these stocks are among the leaders in the current market rebound. The Dow Jones Transportation Average has surged more than 12% in just the past month, compared to about an 8% gain for the Dow 30 and S&P 500…”
https://www.cnn.com/2020/06/03/investing/transportation-stocks-economy/index.html