CVTI - Transports Weekly Snapshot - Year-End Review
Source: Google Images
As we closed the last week of 2017 on December 29 th, transports outperformed broader indices for the second consecutive year. This was despite a party-pooper trading Friday just before the celebration of the new year. Expectations are for the fourth quarter’s gross domestic product ((GDP)) growth to be at or above 3 percent for the third consecutive quarter; something that has not been accomplished in a while.
As a core driver of GDP growth, transports have shown no signs of slowing to a degree that would suggest a contraction and/or recession