Ya, that was a bit of a stretch. Even if just picking it up and putting it straight down again, at any point in between it was transported to a greater height.To me, picking something up and walking (or flying) around with it is transporting it. There need not be any particular intended destination or purpose.
I'm just really curious why they came up with that wording, "not transporting another person's property for compensation or hire." They must have had a very specific issue in mind.
You can transport another person's property for fun, just not for compensation or hire. Or, you can be hired and accept compensation to transport your own property.
What were they really aiming for here?