The transportation industry closed the day down 3%. General Maritime Corporation ( GMR), Excel Maritime Carriers ( EXM), AMR ( AMR), and Scorpio Tankers Inc ( STNG) were all decliners today within the transportation industry with FedEx Corporation ( FDX) being today's featured transportation loser. FedEx Corporation fell $1.77 (-2.3%) to $73.97 on light volume. Throughout the day, 2.4 million shares of FedEx Corporation exchanged hands as compared to its average daily volume of 3.6 million shares.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. FedEx Corporation has a market cap of $23.4 billion and is part of the services sector. The company has a P/E ratio of 15.3, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 18.6% year to date as of the close of trading on Friday.

TheStreet Ratings rates FedEx as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.

On the positive front, Grupo TMM S.A ( TMM), Horizon Lines Inc ( HRZ), B&H Ocean Carriers ( BHO), and TBS International ( TBSI) were all gainers within the transportation industry with Seaspan Corporation ( SSW) 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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