Why CSX Corporation and Union Pacific Corporation Stock Soared in November

The stock prices of leading railroads CSX Corporation (NASDAQ: CSX) and Union Pacific Corporation (NYSE: UNP) rose strongly in November, with the former increasing 9.3% and the latter up 10.5% on the month. While it's easy to get too focused on the granular detail, the reality is the whole transportation sector was taken higher in November.

Image source: Union Pacific Corporation

As you can see below, most of the move happened in the last week of the month. Furthermore, the strength in transportation stocks has been broad-based, with package delivery firms, airlines, trucking, and railroads sharing in the gains.

Source: Fool.com