‘Old Economy’ Is Hot Again, Propelled by Data and AI Backlash

(Bloomberg) — The once-sleepy companies that move goods — and people — through America’s roads, rails, skies and water are mobilizing in a rapid rally. After years of lagging the major US equities benchmarks, the Dow Jones Transportation Average (^DJT) is in the lead, outperforming the S&P 500 Index (^GSPC) by 13 percentage points in the past month and a half, near the most since the financial crisis. The gauge — which contains industry stalwarts such as CSX Corp. (CSX), FedEx Corp. (FDX) and Old Dominion ...