Dow transports surge as Kansas City Southern's stock extends record rally

The Dow Jones Transportation Average DJT, +1.24% surged 1.4% in morning trading Monday, and is now outperforming the Dow Jones Industrial Average DJIA, -0.02% this year, as Kansas City Southern’s stock KSU, +0.98% shot up toward a fifth-straight record close. The Dow transports are now up 16.1% year to date, while the Dow industrials, which is up 21 points, or 0.1%, in morning trading, has gained 14.9% this year. Kansas City Southern’s stock climbed 1.5%, after running up 7.3% on Friday, after the railroad operator reported third-quarter profit and revenue that rose above expectations. The shares have run up 12% amid a five-day win streak, and have shot up 54.3% this year.