DOW JONES TRANSPORTATION AVERAGE Historical Divisor Changes 1/8/15 0.16463027952653 0.16474427362674 Landstar System Inc paid a special dividend of $1.00 a share. 10/1/14 0.16474427362674 0.16515605443953 Avis Budget Group Inc. (NASDAQ:CAR) replaces GATX Corp. (NYSE:GMT) 7/10/14 0.16515605443953 0.17103009713453 Alaska Air Group Inc. stock split 2 for 1. 6/9/14 0.17103009713453 0.18332370373197 Union Pacific Corp stock split 2 for 1. 12/24/13 0.18332370373197 0.183371570 Landstar System Inc paid a special dividend of $0.35 a share. 11/1/12 0.183371570 0.172288057 Kirby Corp. replaces Overseas Shipholding Group Inc. 7/2/12 0.172288057 0.177119909 Alexander & Baldwin Holdings Inc. spun off Alexander & Baldwin Inc. and Alexander & Baldwin Holdings Inc. changed its name to Matson Inc. 3/19/12 0.177119909 0.183640732 Alaska Air Group Inc. stock split 2 for 1. 12/2/11 0.183640732 0.169412043 Alaska Air Group Inc. replaces AMR Corporation. 6/16/11 0.169412043 0.178943475 CSX Corporation (NYSE: CSX) is to have a 3 for 1 stock split. 10/1/10 0.178943475 0.179211037 UAL Corporation acquired Continental Airlines Inc. and changed its name to United Continental Holdings Inc. CAL was replaced by the successor company United Continental Holdings Inc. 02/16/10 0.179211037 0.196522833 Kansas City Southern Railway replaces Burlington Northern Santa Fe Corporation. 12/11/09 0.196522833 0.193992192 Delta Airlines Inc. replaces YRC Worldwide Inc. 5/29/08 0.193992192 0.020882618 Union Pacific Corporation stock split 2 for 1. 8/16/06 0.20882618 0.21599786 CSX Corporation stock split 2 for 1. 6/26/06 0.21599786 0.22687161 Expeditors International of Washington Incorporated stock split 2 for 1. 12/27/05 0.22687161 0.22863798 JetBlue Airways Corporation stock split 3 for 2. 10/17/05 0.22863798 0.23720855 C.H Robinson Worldwide Incorporated stock split 2 for 1. 9/19/05 0.23720855 0.21615301 JetBlue Airways Corporation and Overseas Shipholding Group Incorporated replaced Delta Airlines Incorporated and Northwest Airlines Corporation. 5/24/05 0.21615301 0.22477839 Landstar System Incorporated replaced USF Corporation which was acquired by Yellow Roadway Corporation. 12/12/03 0.22477839 0.22921887 C.H. Robinson Worldwide Incorporated and Yellow Roadway Corporation replaced Roadway Corporation and Yellow Corporation. 9/2/03 0.22921887 0.23848005 J.B. Hunt Transport Services Incorporated stock split 2 for 1. 8/18/03 0.23848005 0.23283526 Expeditors International of Washington Incorporated replaced Airborne Incorporated. 12/6/02 0.23283526 0.20606891 United Parcel Service Incorporated (Class B) replaced UAL Corporation.
10/1/02 0.20606891 0.2079424 Yellow Corporation spun off SCS Transportation Inc. Shareholders will receive.50 shares of SCS Transporation. 8/13/02 0.20794240 0.20545179 Continental Airlines Incorporated (Class B) replaced US Airways Group Incorporated. 2/16/01 0.20545179 0.20890294 Southwest Airlines Company stock split 3 for 2. 3/16/00 0.20890294 0.2227659 AMR Corporation distributed 0.722652 shares of Sabre Holdings Corporation. A share for each share held. 7/20/99 0.2227659 0.22592352 Southwest Airlines Company stock split 3 for 2. 5/7/99 0.22592352 0.24084679 FDX Corporation stock split 2 for 1. 11/17/98 0.24084679 0.25918163 Delta Air Lines stock split 2 for 1. 10/7/98 0.25918163 0.27536506 J.B. Hunt Transport Services Incorporated and Northwest Airlines Corporation replaced Alaska Air Group Incorporated and XTRA Corporation. 9/2/98 0.27536506 0.29786453 Burlington Northern Santa Fe Corporation stock split 3 for 1. 8/21/98 0.29786453 0.30129659 Southwest Airlines Company stock split 3 for 2. 6/10/98 0.30129659 0.32469546 AMR Corporation stock split 2 for 1. 6/2/98 0.32469546 0.33679621 GATX Corporation stock split 2 for 1. 3/23/98 0.33679621 0.32573172 GATX Corporation replaced Illinois Central Corporation. 2/17/98 0.32573172 0.33704718 Airborne Freight Corporation stock split 2 for 1. 1/27/98 0.33704718 0.34598082 Roadway Express Incorporated replaced Caliber System Incorporated. 11/28/97 0.34598082 0.34978971 Southwest Airlines Company stock split 3 for 2. 11/13/97 0.34978971 0.3517133 Alexander & Baldwin Incorporated replaced APL Ltd. 10/10/97 0.3517133 0.37208216 Norfolk Southern Corporation stock split 3 for 1. 6/3/97 0.37208216 0.40553353 USFreightways Corporation replaced Consolidated Rail Corporation. 12/3/96 0.40553353 0.4072228 Consolidated Freightways Incorporated distributed 1/2 share of Consolidated Freightways Corporation stock for each share of Consolidated Freightways Incorporated. 11/5/96 0.4072228 0.42648726 Federal Express Corporation stock split 2 for 1. 10/16/96 0.42648726 0.43800592 Union Pacific Corporation distributed.846946 of a share of Union Pacific Resources Group Incorporated for each share of Union Pacific Corporation. 5/21/96 0.43800592 0.51304422 UAL Corporation stock split 4 for 1. 3/15/96 0.51304422 0.51933036 Illinois Central Corporation stock split 3 for 2. 1/16/96 0.51933036 0.52258955 Caliber System Incorporated distributed 1/2 share of Roadway Express Incorporated for each share of Caliber System. 12/22/95 0.52258955 0.54490337 CSX Corporation stock split 2 for 1. 9/22/95 0.54490337 0.53895688 Illinois Central Corporation and Burlington Northern Santa Fe Corporation replaced Burlington Northern and Santa Fe Southern Pacific Corporation. 8/8/95 0.53895688 0.53675869 Yellow Corporation replaced Worldway Corporation.
10/3/94 0.53675869 0.54354674 Santa Fe Pacific Corporation distributed.600012 of a share of Santa Fe Pacific Gold Corporation for each share of Santa Fe Pacific Corporation. 7/14/94 0.54354674 0.56637223 UAL Corporation (new) replaced UAL Corporation (old). 1/31/94 0.56637223 0.58282683 American President Companies Limited stock split 2 for 1. 12/15/93 0.58282683 0.58494955 Ryder System Incorporated distributed 1/4 of a share of Aviall Incorporated stock for each share of Ryder System. 7/16/93 0.58494955 0.59503163 Southwest Airlines Company stock split 3 for 2. 5/19/93 0.59503163 0.62051238 Xtra Corporation stock split 2 for 1. 9/16/92 0.62051238 0.65239833 Consolidated Rail Corporation stock split 2 for 1. 7/16/92 0.65239833 0.669 Southwest Airlines Company stock split 2 for 1. 10/2/91 0.669 0.709 Union Pacific Corporation stock split 2 for 1. 1/14/91 0.709 0.667 Roadway Services Incorporated replaced Pan Am Corporation. 12/5/90 0.667 0.676 Santa Fe Pacific Corporation distributed 1 share of Catellus Development Corporation for each 4 shares of Santa Fe Pacific held and 1 share of Santa Fe Energy Resources Incorporated, for each 3.3172 shares of Santa Fe Pacific Corporation. 8/30/90 0.676 0.685 Southwest Airlines Company stock split 3 for 2. 5/31/90 0.685 0.703 Airborne Freight Corporation stock split 2 for 1. 7/27/89 0.703 0.773 Airborne Freight Corporation replaced NWA Incorporated. 2/3/89 0.773 0.771 Alaska Air Group Incorporated replaced Tiger International. 1/3/89 0.771 0.829 Burlington Northern Incorporated spun off Burlington Resources. 10/25/88 0.829 0.854 Tiger International replaced Trans World Airlines. 10/10/88 0.854 0.837 XTRA Corporation replaced Canadian Pacific Railway Corporation. 3/17/88 0.837 0.843 Santa Fe Southern Pacific Corporation distributed $5 P/A of 16% debentures. 2/17/88 0.843 0.875 Santa Fe Southern Pacific Corporation paid a special dividend of $25 a share. 11/5/87 0.875 0.949 Southwest Airlines Company replaced Piedmont Aviation. 6/29/87 0.949 0.965 Consolidated Rail Corporation replaced Leaseway Transportation Company. 4/7/87 0.965 1.032 Norfolk Southern Corporation stock split 3 for 1. 12/17/86 1.032 1.044 Ryder System Incorporated replaced Overnite Transportation Company. 11/28/86 1.044 1.00 Piedmont Aviation replaced Eastern Airlines. 6/3/86 1.00 1.019 Consolidated Freightways Incorporated stock split 3 for 2. 3/3/86 1.019 1.053 Overnite Transportation Company stock split 2 for 1. 12/30/85 1.053 1.068 Leaseway Transportation Company replaced Transway International. 6/10/85 1.068 1.116 Canadian Pacific Limited stock split 3 for 1. 5/30/85 1.116 1.129 American President Company stock split 3 for 2.
11/21/84 1.129 1.164 American President Company Limited and NWA Incorporated replaced Northwest Airlines and Rio Grande Industries. 7/26/84 1.164 1.215 Consolidated Freightways Incorporated stock split 2 for 1. 2/27/84 1.215 1.297 Burlington Northern Incorporated stock split 2 for 1. 2/2/84 1.297 1.344 Trans World Airlines replaced its former parent Trans World Corporation. 12/28/83 1.344 1.338 Federal Express Corporation and Santa Fe Southern Pacific Corporation replaced Santa Fe Industries Incorporated and Southern Pacific Company. 10/26/83 1.338 1.423 CSX Corporation stock split 3 for 1. 7/1/83 1.423 1.484 Southern Pacific Company stock split 2 for 1. 6/10/83 1.484 1.53 Carolina Freight Corporation stock split 2 for 1. 5/18/83 1.53 1.574 Overnite Transportation Company stock split 2 for 1. 12/27/82 1.574 1.668 US Air Incorporated replaced Missouri Pacific Corporation. 6/2/82 1.668 1.816 Carolina Freight Corporation, Norfolk Southern Corporation and Rio Grande Industries replaced McLean Trucking, Norfolk & Western Railway and Southern Railway. 12/1/81 1.816 1.881 Delta Air Lines stock split 2 for 1. 6/1/81 1.881 2.011 Santa Fe Industries stock split 3 for 1. 5/20/81 2.011 2.062 Overnite Transportation stock split 2 for 1. 11/28/80 2.062 2.27 Overnite Transportation Company replaced St. Louis-San Francisco Railway. 11/5/80 2.27 2.282 Delta Airlines Incorporated and CSX Corporation replaced Chessie System Incorporated and Seaboard Coast Line Industries Incorporated. 6/30/80 2.282 2.412 Burlington Northern Incorporated stock split 2 for 1. 5/12/80 2.412 2.567 Union Pacific Corporation stock split 2 for 1. 2/16/77 2.567 2.785 Union Pacific Corporation stock split 2 for 1. 10/27/76 2.785 3.066 Norfolk & Western Railway Company stock split 3 for 1. 8/2/76 3.066 3.176 McLean Trucking Company stock split 2 for 1. 1/2/76 3.176 3.051 Mississippi River Corporation replaced Pennsylvania Central Railroad. 12/30/74 3.051 3.231 Chessie System Incorporated stock split 2 for 1. 7/10/72 3.231 3.421 Southern Railway stock split 2 for 1. 5/30/72 3.421 3.515 Consolidated Freightways stock split 2 for 1. 2/14/72 3.515 3.663 McLean Trucking stock split 2 for 1. 12/2/71 3.663 3.50 McLean Trucking replaced Pacific Intermountain Express Company. 10/1/71 3.50 3.743 Canadian Pacific stock split 5 for 1. 6/3/71 3.743 4.06 Chesapeake & Ohio Railway replaced Louisville & Nashville Railroad. 3/4/70 4.06 4.084 Burlington Northern Incorporated replaced Great Northern Railway.
1/2/70 4.084 4.721 The Dow Jones average of 20 railroad stocks was modified to include other forms of transportation. The transportation average, as it will be known henceforth, is a continuation of the railroad average, except that nine railroad stocks have been deleted and replaced by nine other transportation securities. 10/2/69 4.721 4.801 Illinois Central Industries Incorporated stock split 3 for 2. 8/28/69 4.801 4.742 Florida East Coast Railway replaced Chicago, Milwaukee, St. Paul & Pacific Railroad. 6/9/69 4.742 4.946 Northwest Industries Incorporated stock split 3 for 1. 5/1/69 4.946 4.953 Rio Grande Industries Incorporated replaced Denver & Rio Grande Western Railroad. 7/2/68 4.953 4.885 Chicago, Milwaukee, St. Paul & Pacific Railroad replaced Delaware & Hudson Company. 3/28/68 4.885 4.859 Northwest Industries Incorporated replaced Chicago & Northwestern Railway. 2/1/68 4.859 4.849 Missouri Pacific Railway (Class A shares) and Pennsylvania Central Railroad replaced New York Central Railroad and Pennsylvania Railroad. 7/3/67 4.849 4.831 Gulf, Mobile & Ohio Railroad and Seaboard Coast Line Industries Incorporated replaced Atlantic Coast Line Railroad and Seaboard Air Line Railroad. 4/24/67 4.831 5.024 Illinois Central Industries Incorporated stock split 2 for 1. 10/14/65 5.024 4.924 Denver & Rio Grande Western Railroad, Seaboard Air Line Railroad and Western Pacific Railroad replaced Baltimore & Ohio Railroad, Chicago, Rock Island & Pacific Railroad and Erie-Lackawanna Railroad. 10/16/64 4.924 5.04 St. Louis-San Francisco Railway replaced New York, Chigago & St. Louis Railroad. 12/5/62 5.04 5.34 Kansas City Southern Industries replaced Kansas City Southern Railway. 7/7/61 5.34 5.234 Chicago & North Western Railway replaced New York, New Haven & Hartford Railroad. 2/25/60 5.234 5.305 Atlantic Coast Line Railroad distributed one share of Alico Land Development Co. for each share of the railroad s stock. 11/13/59 5.305 5.601 Southern Pacific Company stock split 3 for 1. 10/10/56 5.601 6.325 Atchison, Topeka & Santa Fe Railway stock split 5 for 1. 7/31/56 6.325 7.13 Union Pacific Railroad stock split 5 for 1. 6/18/56 7.13 7.31 New York, Chicago and St. Louis Railroad stock split 2 for 1. 6/12/56 7.31 7.72 Southern Railway Company stock split 2 1/2 for 1. 5/28/56 7.72 8.08 Delaware & Hudson Company stock split 3 for 1. 1/23/56 8.08 8.34 Chicago, Rock Island & Pacific Railroad stock split 2 for 1. 2/24/55 8.34 9.00 Atlantic Coast Line Railroad stock split 3 for 1. 7/6/54 9.00 9.26 Great Northern Railway stock split for for 1. Great Northern Railway replaced Great Northern pfd. 6/2/54 9.26 9.68 Illinois Central Railroad stock split 2 for 1.
6/26/53 9.68 10.12 5/11/53 10.12 10.53 8/28/52 10.53 10.95 Southern Pacific stock split 2 for 1. 3/29/52 10.95 11.21 Kansas City Southern Railway replaced Northern Pacific Railway. 9/26/51 11.21 12.39 New York, Chicago & St. Louis common stock split 5 for 1. Chicago Rock Island & Pacific Railroad replaced Delaware, Lackawanna & Western Railroad (D.L.& W.) 8/2/51 12.39 13.90 Atchison, Topeka & Santa Fe s stock split 2 for 1. 7/15/49 13.90 13.80 New York, New Haven & Hartford Railroad replaced Boston & Maine. 7/1/48 13.80 15.32 Union Pacific Railroad stock split 2 for 1. 9/3/47 15.32 19.15 Norfolk & Western stock split 4 for 1. 3/19/45 19.15 20.25 Louisville & Nashville stock split 2 for 1. All Information as of January 31, 2015. 2015 by S&P Dow Jones Indices LLC, a part of McGraw Hill Financial. All rights reserved. Redistribution, reproduction and/or photocopying in whole or in part are prohibited without written permission. Standard & Poor s and S&P are registered trademarks of Standard & Poor s Financial Services LLC ( S&P ), a subsidiary of The McGraw-Hill Companies, Inc. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ( Dow Jones ). S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates ( S&P Dow Jones Indices ) makes no representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and S&P Dow Jones Indices shall have no liability for any errors, omissions, or interruptions of any index or the data included therein. Past performance of an index is not an indication of future results. This document does not constitute an offer of any services. All information provided by S&P Dow Jones Indices is general in nature and not tailored to the needs of any person, entity or group of persons. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments offered by third parties that are based on that index. S&P Dow Jones Indices does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that seeks to provide an investment return based on the performance of any Index. S&P Dow Jones Indices LLC is not an investment advisor, and S&P Dow Jones Indices make no representation regarding the advisability of investing in any such investment fund or other investment vehicle. For more information on any of our indices please visit www.spdji.com.