Transportation ETF Chugs Forward After Good News

January 30, 2008 at 11:00 am by Tom Lydon

Jimthorpe_train7 Burlington Northern Santa Fe Corp. (BNI) reported strong earnings yesterday, boosting the transportation exchange traded fund (ETF) to a one-month high.

After the company reported fourth-quarter net income of $1.46 a share, the iShares Dow Jones Transportation Average (IYT) finished the day up 1.2%, its best performance since Dec. 31.

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