Ride the transports rally with these stocks, which still have room to run

Union Pacific Corp. employee Jeff Smith wears a safety hat bearing the company's logo as he surveys rail cars at its facility at the Port of Oakland in Oakland, California, U.S., on Wednesday, Jan. 23, 2013.
Ken James | Bloomberg | Getty Images

The Dow Jones Transportation Average is hovering at a record high yet Wall Street still has high hopes for some of the indexes constituents as the economy booms from the pandemic recovery.

The Dow Transports notched an all-time high of $15,081.22 on Friday.

The average also got a boost on Tuesday after Canadian National Railway offered $325 per share in cash and stock for Kansas City Southern. This offer topped the $275 per share offer from Canadian Pacific.

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