** The Dow Jones Transport average .DJT down 2.5% on Friday, eying its third consecutive loss and its deepest daily decline since December, with biggest losses from Old Dominion Freight Line ODFL.O and Fedex Corp FDX.N

** Sell-off comes with signs of weak consumer sentiment, business activity

** U.S. business activity nearly stalled in February, as per S&P Global, with fears over import tariffs, deep federal government spending cuts, erasing gains after the November election

** Also, U.S. consumer sentiment dropped more than expected in February to a 15-month low, inflation expectations jumped as households worried about plans for steep, broad-based tariffs, as per University of Michigan Surveys

** "It's just some questions about the health of the economy and concerns about things like tariffs having an impact," said Robert Pavlik, senior portfolio manager at Dakota Wealth.

** The biggest decliner in the sector was trucking company Old Dominion, tumbling 10.2% and eying its steepest one-day drop since April 2024. Fedex fell ~6%, tracking for its biggest one-day loss since Feb. 3

** Landstar Systems and JB Hunt Transport Services JBHT.O. were both down more than 2%

** Travel stocks also among biggest losers with car rental co Avis CAR.O off almost 6% and Alaska Air ALK.N fell ~3%

** The DJT, which didn't have a single stock advancing on the day, was also underperforming the broader market with the S&P 500 .SPX down 0.6% in comparison

(Reporting By Sinéad Carew, Nikhil Sharma)

((sinead.carew@thomsonreuters.com; +13322191897;))