How Railroad Stocks Fared in Yesterday’s Massive Sell-Off
In this integrated world, the US–China trade dynamic is sure to affect supply chains, including the US transportation and logistics sector. US Treasury Secretary Steven Mnuchin believes steep tariffs on Chinese merchandise would hurt global supply chains. Yesterday, the Dow Jones Transportation Average (DJT) opened at 10,748.97 and went up to 10,750.88. From that point, it declined to close at 10,448.29, down 0.7% or 73.73 points.