Transports Charge Ahead Despite Market Retreat

The major market averages are all in the red on Wednesday with the exception of the Dow Jones Transportation Average, which is hanging on to a slight gain and poised for its sixth record close.

The transports are getting a lift from two railroads -- Norfolk Southern (NYSE:NSC) and Kansas City Southern (NYSE:KSU). NSC is surging more than 4% to an all-time high on an earnings beat.  KSU is rallying in sympathy and also hitting record highs.

Major Averages – Today