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US transport stocks surge on cheap oil

Thursday, October 23, 2014 - 05:50

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Concern about the spread of the deadly Ebola virus sent transportation shares to some of their biggest retreats of the year after the first US case of the disease was confirmed on Sept 30.

New York

THE biggest transport-stock rally since 2011 is driving a turnaround in US equities, with stocks from JetBlue Airways Corp to Ryder System Inc rallying four times as fast as the market on optimism about cheap oil.

After falling 11 per cent into a correction between Sept 18

sentifi.com

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