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As of December 2, 2011, the 20 companies that comprise this index are: Alexander & Baldwin Inc., Alaska Air Group, C.H. Robinson Worldwide Inc., Con-way Inc., CSX Corp., Delta Air Lines, Expeditors International of Washington Inc. FedEx Corp., GATX Corp., J.B. Hunt Transport Services Inc., JetBlue Airways Corp., Kansas City Southern, Landstar System Inc., Norfolk Southern Corp., Overseas Shipholding Group Inc., Ryder System Inc., Southwest Airlines Co., Union Pacific Corp., United Continental Holdings, and United Parcel Service Inc..
Typically, changes in the Dow Jones Transportation Index will lead changes in the industrial average. In 2011, the Transportation index slipped 1.7 percent after surging 24.6 in 2010. The 10-year average improved to 8.0 percent in 2011 from 7.1 percent in 2010.
In late 2011 and very early 2012, European sovereign debt problems were deemed to be getting more and proper attention from European leaders. And U.S. economic news was net positive and a little better than expected. But European and U.S. news worsened in summer 2012. But transports got a boost on the margin in October from lower oil prices. The Transportation index was up 3.9 percent in October on a year-ago basis, compared to 16.8 percent in September.
The Transportation index rebounded 3.9 percent in October after declining 2.3 percent the month before. The Transportation index is considered a leading indicator for the Industrials index, so it is important to keep monitoring trends here – even if the index is at odds with other stock market measures.
About the Stock Market • The Dow Jones Family • The S&P Family • Other Key Market Indices
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