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Wall Street's Good News - USA - Trucking, Transportation Stocks Are Top Performers
The Dow Jones transportation average a record 4156.48 and extended a long period of outperformance
USA -Transport Topics/USA Today -22 Nov 2005: -- Transportation stocks, including trucking, airline and railroad companies, have lately been some of the best performing on Wall Street, reported Tuesday... The Dow Jones transportation average on Monday added 15.79 points, or 0.4%, to a record 4156.48 and extended a long period of outperformance, the paper reported... The average has risen 9.4% this year and 114% since it bottomed in March 2003... By contrast, the Dow industrials are up 0.3% and 43.8% for the same periods, said... And transportation is the top-performing out of 24 Standard & Poor's industry groups the past month and quarter, the paper reported... Trucking-related companies also have benefited, with C.H. Robinson — which doesn't own trucks but helps match shippers with trucking companies — seeing its sharese gain 57% in the past year... Some experts told the paper that transport firms’ good fortune portends well for the rest of the stock market because it suggests brisk economic activity and demand for goods...
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