Transportation stocks rebound after rough week

The Dow Jones Transportation Average closed at $8,058.30 on Tuesday, after falling 4.4 percent over the course of last week.

   The Dow Jones Transportation Average, a U.S. stock market index that calculates a running average of the share prices of 20 major transportation corporations, rebounded in the past two days after a rough ride last week.
   The DJTA closed at $8,058.30 on Tuesday, up 6.25 points on the day, after falling 4.4 percent over the course of last week, from a closing price of $8241.43 on Friday, Nov. 6, to an opening price of $7981.88 Monday morning.
   Blue chips transportation stocks FedEx Corp and UPS, as well as leading logistics companies like Deutsche Post DHL Group, C.H. Robinson and XPO Logistics followed a similar pattern.
   FedEx on Monday morning opened at $157.99 per share, down 2.7 percent from a closing price of $162.38 on Friday, Nov. 6, but has since bounced back, closing at $161.44 per share Tuesday. UPS closed at $103.14 on Tuesday, up 1.4 percent from Monday’s open of $101.71, but still down slightly from a closing price of $104.99 on Nov. 6.
   Meanwhile, shares of Deutsche Post DHL – traded on the German stock exchanges – fell more than 7 percent last week, from a closing price of 27.56 euros ($29.33) on Nov. 6 to 25.61 euros on Nov. 13, but rebounded to close at 26.56 euros per share Tuesday. The Netherlands-based parcel and logistics provider reported disappointing third quarter earnings last week.
   Acquisition-heavy, third-party logistics provider XPO Logistics seemed to be trending upward again Monday, but ended yesterday, Tuesday, at $29.60 per share, down 4.7 percent on the day and 11.6 percent from a one-month high of $33.50 on Nov. 6.
   C.H. Robinson’s stock slipped to 2.5 percent from Nov. 6’s $68.72-per-share closing price to $67.02 as of close of trading Nov. 13, but rallied to end the day at $67.83 on Tuesday.