Shares of transportation companies are falling twice as fast as the hard-hit U.S. stock market, reflecting investors’ expectations that a recession is likely ahead.
The Dow Jones Transportation Average, which tracks 20 large U.S. companies ranging from airlines to railroads to truckers, has declined 12% this month. The S&P 500 and the Dow Jones Industrial Average are down about half that much.
:quality(70):focal(2180x2120:2190x2130)/cloudfront-us-east-1.images.arcpublishing.com/tronc/CDM4EPAA4JG5DF6A2DLC7IQVN4.JPG)
