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Updated from 2:36 p.m. EDT
The transportation industry was enjoying a strong session Wednesday as several trucking and airline stocks were rallying on good news regarding inventory and an economic recovery.
Shares of YRC Worldwide (YRCW Quote) jumped 44.5% after the company said that low business inventories will result in a boon for trucking names once the economy recovers. "There is no inventory anywhere," CEO Phil Zollars said during an analyst conference, according to The Wall Street Journal.
Among other transportation stocks rallying Wednesday were Con-Way (CNW Quote), up 9%, Old Dominion Freight Line (ODFL Quote), which gaining 7.5%, and J.B. Hunt Transport Services (JBHT Quote), higher by 6.1%. ...
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