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Article: Transportation - Industry Outlook
- Article from:
- Zacks Investment Research - Industry Outlook
- Article date:
- July 22, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Transportation - Industry Outlook
Stock performance in the transportation sector has been very uneven, reflecting the varying fortunes of particular industries within the sector. The median year-to-date-stock price gain/(loss) has been mixed for industries in the Zacks transportation universe, with all industries underperforming the S&P 500's 3.3% increase, with the exception of railroads and air freight.
Air freight has been helped by large gains in smaller companies as the giants within the air freight sector,
United Parcel Service, Inc. (
UPS
)
and
FedEx Corporation (
FDX
)
, are down 10.6% and 8.4% year to date, respectively. The railroads were helped when CSX Corporation (
CSX
)