Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
The simple fact is that nothing can be sold until its shipped, which is why the transportation stocks are such a great leading indicator for overall economic activity. Without the rails, trucks, freight forwarders and the airlines, the world wouldn't have much of an economy at all.
So after weeks of steep declines, the pace seems to slowing, and that made Cramer take notice. He said that FedEx (FDX) boosting its dividend was the first good sign, as it shows that international business must be finally bottoming.
Then there are the rails, which took it on the chin when oil prices collapsed. But now that oil is back on the rise, production should once again be picking up, and if it doesn't, low prices would still be great for lumber, chemicals and other items that ship by rail.
The airlines remain the worst of the bunch, Cramer admitted, but even they will eventually be poised to recover now that they've suffered steep declines.
Add them all together and you've got the beginning of a bottom, Cramer concluded, and that'll be welcome news for the rest of the markets.