The transportation industry closed the day up 2.4%. Horizon Lines Inc ( HRZ), TOP Ships Inc ( TOPS), Universal Truckload Services Inc ( UACL), and Sino-Global Shipping America ( SINO) were all decliners today within the transportation industry with Hawaiian Holdings Inc ( HA) being today's featured transportation loser. Hawaiian Holdings Inc fell 10 cents (-2.5%) to $4.15 on average volume. Throughout the day, 508,682 shares of Hawaiian Holdings Inc exchanged hands as compared to its average daily volume of 617,700 shares.

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. Hawaiian Holdings Inc has a market cap of $211 million and is part of the services sector. The company has a P/E ratio of 4.3, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 46.9% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Hawaiian as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins.

On the positive front, YRC Worldwide Inc ( YRCW), Vitran Corporation Inc ( VTNC), General Maritime Corporation ( GMR), and DryShips Inc ( DRYS) were all gainers within the transportation industry with Union Pacific ( UNP) being today's featured transportation industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation ( IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials ( SIJ).

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