NEW YORK, Oct. 25, 2012 /PRNewswire/ -- Kirby Corp. (NYSE:KEX) will replace Overseas Shipholding Group Inc. (NYSE:OSG) in the Dow Jones Transportation Average (DJTA) after the close of trading on Monday, October 29, and the change will be effective with the opening of trading on Tuesday, October 30. The index change is being done because Overseas Shipholding has stated that certain of its previously issued financial statements should no longer be relied upon, and the company is exploring strategic options including a bankruptcy filing.

Kirby Corp, headquartered in Houston, TX, provides marine transportation and diesel engine services.

The change won't cause any disruption in the level of the Index. The divisor used to calculate the DJTA from its components' prices on their respective home exchanges will be changed prior to the opening on October 30. This procedure prevents any distortion in the DJTA's reflection of the U.S. transportation sector of the stock market.

The Dow Jones Transportation Average is the oldest U.S. stock index tracing its roots to 1894, two years before the Dow Jones Industrial Average was founded.  For more information, see the web site of Dow Jones Indexes at http://www.djaverages.com. The Dow Jones Industrial Average, Dow Jones Utility Average and Dow Jones Composite Average also are members of the Dow Jones Averages family.

Additions to and deletions from the Dow Jones Transportation Average do not in any way reflect an opinion on the investment merits of the companies involved.

Following is a summary of the change:

About S&P Dow Jones Indices 
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies, Inc., is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500â and the Dow Jones Industrial Average^SM, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"), a subsidiary of The McGraw-Hill Companies, Inc. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

For more information:

Dave Guarino 
Communications
S&P Dow Jones Indices
dave_guarino@spdji.com 
212-438-1471

David Blitzer 
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david_blitzer@spdji.com  
212-438-3907

SOURCE S&P Dow Jones Indices