Transportation Stocks Outperform S&P 500 Sharply

The Dow Jones Transportation Average gained sharply over the past six weeks, outperforming the S&P 500 by about 13 percentage points, Bloomberg reports. January's ISM data showed US manufacturing expanded at its fastest pace since 2022 and a stronger jobs report suggests rising freight volumes, prompting investor rotation from AI-linked tech into 'old economy' transportation names. Analysts remain mixed on sustainability and stock-specific upside.