01-08-2025
Transport Stocks Face Worst Week Since April on Tariffs, Reports
Transportation stocks are on track for their worst week since President Donald Trump's trade war kicked into high gear in April, after a slew of earnings reports indicated continuing challenges ahead.
The Dow Jones Transportation Average — which includes stocks of companies such as truckers, parcel carriers, railroads and airlines — is down more than 7% this week, set for its worst performance since the market panic of early April. All but two of the index's 20 stocks are in the red, and industry heavyweights including United Parcel Service Inc. and Old Dominion Freight Line Inc. are heading for double-digit declines. That's as investors are parsing through new tariffs Trump unveiled this week.
