Dow Transports Climb, but Airlines Lag

Updated from 3:42 p.m. EDT

The Dow Jones Transportation Average was higher Monday as several of its components had gains of more than 5%.

For the session, the transports tacked on 89.59 points, or 3.7%, to 2509.48.

Overseas Shipholding (OSG Quote) had the best performance on a percentage basis, rising 7% to $22.69 on a day that was positive for a number of ocean shippers.

Trucking and transport company Ryder (R Quote) was up 4.9%, and package carrier FedEx (FDX Quote) rose 5.7%.

Rail concerns CSX (CSX Quote) and Norfolk Southern (NSC Quote) gained more than 6%, while Union Pacific (UNP Quote) was better by 4.7% at $38.93.

However, it wasn't a uniformly up day for the index, as its four airline stocks failed to rally. AMR (AMR Quote), the parent of American Airlines, was the hardest hit, falling 15.3% to $3.04.

The two discount carriers, while weaker for the day, held up better. JetBlue (JBLU Quote) lost 8.6% to $3.92, and Southwest (LUV Quote) surrendered 3.5% to $5.52.

Continental (CAL Quote) gave up an earlier gain and closed down 2.8% at $8.30.