Paper Title
Freight Indices And Stock Market Performance: Evidence From Russia

Abstract
The aim of this article is to undertake further study of the correlation between the first Russian freight index as an indicator of the state and development of transport and logistics infrastructure and stock market indices in the basic sectors of Russian economy. We relied on the data of the Russian cargo index and Russian stock market indices in the basic sectors of economy in this work. Further on, we investigated the degree of indices correlation on the basis of generalized autoregressive conditional heteroscedasticity model. As a result of our research, we found conclusive evidence of a high correlation degree between the Russian freight index and stock market indices in different sectors of the economy. We have also discovered that the freight index falls behind the basic stock market indices. The bidirectional dynamics of the freight and stock market indices can serve as an indicator of change in the overall trend on the stock market, or at least on the Russian stock market. Keywords- Transport Logistic Infrastructure, Freight Index, Stock Market, GARCH-model.