The Dow Jones Transportation Average is shedding 0.9% in midday trade Monday, underperforming the broader market by a wide margin, as it heads for the lowest close since October 2013. The index is on track for a fourth-straight loss, which would be the longest losing streak since the six-session streak ending Aug. 25, and the seventh in the last eight sessions. It has tumbled 25% since its Dec. 29, 2014 record close of 9,217.44, meaning it is in the midst of its first bear market since the Great Recession. In contrast, its sister index, the Dow Jones Industrial Average , was down 8 points, or 0.1%, and was 11% below its May 19, 2015 record close of 18,312.39. Among the Dow transports’ biggest losers on Monday, shares of Norfolk Southern Corp. shed 2.7%, of C.H. Robinson Worldwide Inc. slid 2.4% and FedEx Corp. slumped 1.9%.
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