Transport Stocks Leap to New High on US Economic Growth Hopes

US transportation stocks closed at a record level Tuesday capping off a rebound fueled by prospects of strong economic growth this year.

The Dow Jones Transportation Average rose 1.7% to close at 18,033.58 points — above a previous record set in November 2024 — after falling short of a new high a day earlier. Uber Technologies Inc. and trucker Old Dominion Freight Line Inc. were among the top performers.

The gauge slumped last year as President Donald Trump’s trade war rippled through markets and a downturn in the trucking sector dragged on, while flight chaos ...