Falling oil prices have helped boost the transportation industry. With WTI crude trading at its lowest level since January and Brent crude hitting a 16-month low, it has helped lower the expenses for many transportation-related businesses.
The Dow Jones Transportation Index broke out to a new all-time high this week. The index of 20 stocks includes companies in the trucking, railroad, shipping, and airline sectors. Year-to-date the sector is up 15 percent, easily outpacing the overall stock market.
Investors looking to take advantage of the continued rise in the transportation sector have a few ETF options. Below are two that have benefited from the recent success of the transportation industry and fall in crude oil prices.
Related Link: Tensions & Airlines Boost ETFs (ITA, PPA, BA, LMT)
iShares Dow Jones Transport. Ave. (ETF) (NYSE: IYT)
IYT tracks the index mentioned above and year-to-date is in ...
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