Below we highlight a one-year chart of the Dow Jones Transportation Index. As shown below, the Transports have been on fire recently, even with JetBlue (JBLU), Continental Airlines (CAL) and AMR Corp. (AMR) part of the 20-member index.
As shown, 16 of the 20 stocks that make up the Transports index are up on the year, with Ryder Systems (R) up the most at 63%. CSX, BNI, GMT, NSC, LSTR and JBHT are all up more than 30% as well. The average estimated '08 P/E ratio of members in the index that have P/E ratios is 21.24. The stock with the lowest estimated P/E is OSG at 10.28, followed by GMT (14.72) and ALEX.