Shares of industrial and transportation companies fell even after the Federal Reserve projected no interest-rate increases through 2022. The Fed on Wednesday said it was committed to providing more support to the economy in the wake of the coronavirus pandemic. To that end, it said it would maintain its recent pace of purchases of Treasury and mortgage securities. "We are not thinking about raising rates," Chairman Jerome Powell said in a press conference. "We are not even thinking about thinking about raising rates."

Shares in airlines, cruise operators and other transport and leisure companies fell after rebounding somewhat in recent weeks amid optimism about the reopening of the U.S. economy from lockdown. Shares in Hertz Global Holdings, after a brief head-scratching rally, are now in danger of being ejected from the New York Stock Exchange, calming a speculative frenzy around the bankrupt car-rental company. Hertz said Wednesday it was appealing an NYSE delisting decision that would push trading of the company's shares to over-the-counter platforms.

The U.S. Bureau of Transportation Statistics said the reduction in freight movement seen in April of this year was the largest since the 2009 recession. The Freight Transportation Services Index dropped 10% from April 2019. On a month-to-month basis, the index was down 7.7% in April from March. 



  Write to Amy Pessetto at amy.pessetto@dowjones.com