3 Stocks Driving The Transportation Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 16,415 as of Thursday, April 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,581 issues advancing vs. 1,369 declining with 186 unchanged.

The Transportation industry currently sits up 0.4% versus the S&P 500, which is unchanged. Top gainers within the industry include Ryanair Holdings ( RYAAY), up 1.2%, and Canadian National Railway ( CNI), up 0.7%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Norfolk Southern Corporation ( NSC) is one of the companies pushing the Transportation industry higher today. As of noon trading, Norfolk Southern Corporation is up $0.86 (0.9%) to $96.11 on light volume. Thus far, 597,996 shares of Norfolk Southern Corporation exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $95.08-$96.50 after having opened the day at $95.57 as compared to the previous trading day's close of $95.25.

Norfolk Southern Corporation, together with its subsidiaries, is engaged in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2013, it operated approximately 20,000 miles of road in 22 states and the District of Columbia. Norfolk Southern Corporation has a market cap of $31.2 billion and is part of the services sector. Shares are up 2.6% year-to-date as of the close of trading on Wednesday. Currently there are 6 analysts who rate Norfolk Southern Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Norfolk Southern Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Norfolk Southern Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

2. As of noon trading, FedEx Corporation ( FDX) is up $1.63 (1.2%) to $135.38 on average volume. Thus far, 996,414 shares of FedEx Corporation exchanged hands as compared to its average daily volume of 2.4 million shares. The stock has ranged in price between $133.62-$135.50 after having opened the day at $133.62 as compared to the previous trading day's close of $133.75.

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 $39.1 billion and is part of the services sector. Shares are down 7.0% year-to-date as of the close of trading on Wednesday. Currently there are 11 analysts who rate FedEx Corporation a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates FedEx Corporation as a buy. 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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full FedEx Corporation Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

1. As of noon trading, United Parcel Service ( UPS) is up $0.52 (0.5%) to $97.87 on average volume. Thus far, 1.5 million shares of United Parcel Service exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $96.80-$97.90 after having opened the day at $97.05 as compared to the previous trading day's close of $97.35.

United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. United Parcel Service has a market cap of $68.0 billion and is part of the services sector. Shares are down 7.4% year-to-date as of the close of trading on Wednesday. Currently there are 10 analysts who rate United Parcel Service a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates United Parcel Service as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full United Parcel Service Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you are interested in one of these 3 stocks, 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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