The transportation industry closed the day up 2.1%. TBS International ( TBSI), Box Ships Inc ( TEU), Teekay Tankers ( TNK), and Paragon Shipping Inc ( PRGN) were all decliners today within the transportation industry with Teekay Offshore Partners L.P ( TOO) being today's featured transportation loser. Teekay Offshore Partners L.P fell 57 cents (-2.1%) to $25.98 on average volume. Throughout the day, 277,165 shares of Teekay Offshore Partners L.P exchanged hands as compared to its average daily volume of 192,100 shares.

Teekay Offshore Partners L.P. provides marine transportation, oil production, and storage services to the offshore oil industry. Teekay Offshore Partners L.P has a market cap of $1.6 billion and is part of the services sector. The company has a P/E ratio of 21.2, below the average transportation industry P/E ratio of 22.5 and above the S&P 500 P/E ratio of 17.7. Shares are down 4.3% year to date as of the close of trading on Friday.

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

On the positive front, General Maritime Corporation ( GMR), Frozen Food Express Industries ( FFEX), China Eastern Airlines Corporation ( CEA), and Atlas Air Worldwide Holdings Inc ( AAWW) were all gainers within the transportation industry with United Parcel Service Inc (UPS ( UPS) 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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