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Jump in crude oil adds volatility to transportation stocks

  • The big jump in crude oil prices catches the attention of transportation stock investors.
  • United Continental (UAL -1.4%), American Airlines Group (AAL -0.9%), Spirit Airlines (SAVE -1.9%) and Allegiant Travel (ALGT -1%) are notable decliners.
  • Trucking stocks Heartland Express (NASDAQ:HTLD) and Knight Transportation (KNX -1.3%) are also retreating.
  • Railroad names Canadian National Railwy (CNI -1.8%), Union Pacific (UNP -0.4%) and CSX (CSX -0.2%) are all lower to start the week as well, although they have moved off their initial lows.

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UAL--
United Airlines Holdings, Inc.