TheDow Jones Transportation Average, (DJTA, also called the "Dow Jones Transports"),index ticker symbol DJT^[1] is aU.S.stock market index fromS&P Dow Jones Indices of thetransportation sector, and is the most widely recognized gauge of theAmerican transportation sector. It is the oldest stock index still in use, being in use longer than its better-known relative, theDow Jones Industrial Average (DJIA).^[2]

The index is a running average of the stock prices of twenty transportation corporations, with each stock's price weighted to adjust forstock splits and other factors.^[2] As a result, it can change at any time the markets are open. The figure mentioned in news reports is usually the figure derived from the prices at the close of the market for the day.

Changes in the index's composition are rare, and generally occur only after corporate acquisitions or other dramatic shifts in a component's core business. Should such an event require that one component be replaced, the entire index is reviewed.^[3]

As of February 26, 2024^[update], the index consists of the following 20 companies:^[3][4]

Alaska Air Group replacedAMR Corporation on December 2, 2011, after AMR corp. filed for bankruptcy protection.^[5]

Effective October 30, 2012, Kirby Corp. replacedOverseas Shipholding Group, Inc.^[6]

Effective October 1, 2014, Avis Budget Group Inc. replacedGATX Corporation.^[7]

On October 15, 2015, American Airlines Group replacedCon-way.^[8]

Effective December 14, 2021, Old Dominion Freight Line replacedKansas City Southern.^[9]

Effective February 26, 2024, Uber replacedJetBlue Airways. The index change was prompted by JetBlue’s low weight in the index of less than one-half of one percentage point caused by its low share price.^[10]

The average was created on July 3, 1884, byCharles Dow, co-founder ofDow Jones & Company, as part of the "Customer's Afternoon Letter". At its inception, it consisted of eleventransportation companies—ninerailroads and two non-rail companies:

• Chicago, Milwaukee and St. Paul Railway
• Chicago and North Western Railway
• Delaware, Lackawanna and Western Railroad
• Lake Shore and Michigan Southern Railway
• Louisville and Nashville Railroad
• Missouri Pacific Railway
• New York Central Railroad
• Northern Pacific Railroadpreferred stock
• Pacific Mail Steamship Company (not a railroad)
• Union Pacific Railway
• Western Union (not a railroad)

As a result of the dominating presence of railroads, the Transportation Average was often referred to as "rails" in financial discussions in the early and middle part of the 20th century.

In 1964, the index first broke 200, slightly over where it was in 1929.

In 1983, the index first broke 500. In 1987, the index broke 1000. It closed at 2146.89 on March 9, 2009, having a low coincident with some other indices; this was a bit above its low of 1942.19 on March 11, 2003.

The index broke above the mid-5000s to begin a run of record highs on January 15, 2013, at a time when the better-known Industrials stood about 5% below all-time highs achieved more than five years earlier. By May, the Industrials and all other major indices except the NASDAQ group were making all-time highs, including the Transports, which reached new closing and intraday records above the 6,500 level. On October 24, 2013, the Transports closed at 7,022.79, for its first close above 7,000 points. It closed the year at a record high of 7,400.57. On May 27, 2014, it first closed above 8,000 points.^[11] The index closed above 9000 on November 10, 2014.^[12] At the close of 2014, the index hit 9139.92. At the close of 2015, the index hit 7508.71, a loss of 17.85% on the year.

The following table shows the price return of the Dow Jones Transportation Average, which was calculated back to 1924.^[13]

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There is no fund that tracks this index. There are funds that have a similar behavior, such as iShares Transportation Average ETF (NYSE Arca: IYT).^[14]

• Dow Jones Composite Average
• Dow theory

• Official Website
• Business data for Dow Jones Transportation Average:
  • Google
  • Yahoo!
• Dow Jones & Company website
• Yahoo: Chart of DJTA performance (1928-present)
• chart of DJT vs SPX from Yahoo! Finance

• Dow Jones Transportation Average
• American stock market indices
• Stock market indices by industry
• S&P Dow Jones Indices
• 1884 establishments in the United States

• Articles with short description
• Short description matches Wikidata
• Articles containing potentially dated statements from February 2024
• All articles containing potentially dated statements
• Articles needing additional references from February 2021
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