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U.S. Air Freight and Logistics Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies31
  • 7D2.1%
  • 3M20.9%
  • 1Y-1.0%
  • YTDn/a

Over the last 7 days, the Air Freight and Logistics industry has risen 2.1%, driven by gains from FedEx of 4.1%. In the same time, Freightos was down 20%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 9.7% annually.

Industry Valuation and Performance

Has the U.S. Air Freight and Logistics Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Dec 2025US$221.9bUS$235.7bUS$12.6b15.9x17.7x0.9x
Thu, 20 Nov 2025US$201.7bUS$234.0bUS$12.3b16.4x16.4x0.9x
Sat, 18 Oct 2025US$184.7bUS$235.2bUS$12.4b15.8x14.9x0.8x
Mon, 15 Sep 2025US$183.4bUS$234.5bUS$12.4b17.3x14.8x0.8x
Wed, 13 Aug 2025US$181.7bUS$234.3bUS$12.5b16.6x14.6x0.8x
Fri, 11 Jul 2025US$195.1bUS$234.7bUS$11.9b16.7x16.3x0.8x
Sun, 08 Jun 2025US$185.7bUS$234.9bUS$11.8b15.8x15.8x0.8x
Tue, 06 May 2025US$183.6bUS$234.1bUS$11.7b16.4x15.7x0.8x
Thu, 03 Apr 2025US$205.6bUS$236.5bUS$11.6b20.8x17.7x0.9x
Sat, 01 Mar 2025US$217.1bUS$235.6bUS$11.5b21.2x18.8x0.9x
Mon, 27 Jan 2025US$234.8bUS$233.6bUS$11.2b25.6x20.9x1x
Wed, 25 Dec 2024US$228.6bUS$233.5bUS$11.2b24.9x20.4x1x
Fri, 22 Nov 2024US$242.8bUS$233.8bUS$11.4b25.7x21.3x1x
Sun, 20 Oct 2024US$248.1bUS$230.4bUS$11.1b24.5x22.4x1.1x
Tue, 17 Sep 2024US$237.1bUS$229.8bUS$11.3b24.2x20.9x1x
Thu, 15 Aug 2024US$232.7bUS$229.7bUS$11.3b22.7x20.6x1x
Sat, 13 Jul 2024US$246.8bUS$228.7bUS$12.7b20.7x19.5x1.1x
Mon, 10 Jun 2024US$236.3bUS$228.6bUS$12.7b20x18.6x1x
Wed, 08 May 2024US$242.8bUS$228.2bUS$12.9b20.1x18.8x1.1x
Fri, 05 Apr 2024US$252.0bUS$230.2bUS$13.8b17.6x18.3x1.1x
Sun, 03 Mar 2024US$241.5bUS$231.7bUS$13.6b18.8x17.8x1x
Tue, 30 Jan 2024US$257.0bUS$241.0bUS$16.1b14.5x16x1.1x
Thu, 28 Dec 2023US$258.2bUS$241.0bUS$16.1b15.6x16.1x1.1x
Sat, 25 Nov 2023US$255.5bUS$241.7bUS$15.9b15.5x16x1.1x
Mon, 23 Oct 2023US$252.9bUS$248.9bUS$17.8b13.2x14.2x1x
Wed, 20 Sep 2023US$262.8bUS$250.4bUS$17.6b13.5x14.9x1x
Fri, 18 Aug 2023US$277.9bUS$250.6bUS$17.5b15.3x15.9x1.1x
Sun, 16 Jul 2023US$293.8bUS$258.4bUS$18.8b14.8x15.7x1.1x
Tue, 13 Jun 2023US$271.9bUS$260.9bUS$17.8b14.3x15.3x1x
Thu, 11 May 2023US$273.5bUS$261.1bUS$17.7b14.4x15.5x1x
Sat, 08 Apr 2023US$286.6bUS$266.9bUS$18.8b14x15.2x1.1x
Mon, 06 Mar 2023US$278.1bUS$268.0bUS$19.0b13.8x14.6x1x
Wed, 01 Feb 2023US$278.7bUS$271.8bUS$19.1b14.3x14.6x1x
Fri, 30 Dec 2022US$261.6bUS$272.0bUS$19.1b13.5x13.7x1x
Price to Earnings Ratio

13.7x


Total Market Cap: US$261.6bTotal Earnings: US$19.1bTotal Revenue: US$272.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Air Freight and Logistics Industry Price to Earnings3Y Average 17.1x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Air Freight and Logistics industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 17.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.98x.
Past Earnings Growth
  • The earnings for companies in the Air Freight and Logistics industry have declined 13% per year over the last three years,
  • Revenues have also declined 4.7% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does U.S. Air Freight and Logistics compare with similar industries?

US Market0.99%
Industrials0.75%
Logistics2.13%
Air Freight and Logistics2.13%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FDX FedExUS$292.784.1%
+US$2.5b		8.8%PE15.9x
CHRW C.H. Robinson WorldwideUS$164.994.7%
+US$871.9m		58.6%PE32.5x
UPS United Parcel ServiceUS$100.730.7%
+US$559.9m		-19.9%PE15.5x
EXPD Expeditors International of WashingtonUS$153.021.0%
+US$194.3m		38.5%PE24.3x
ZTO ZTO Express (Cayman)US$21.281.1%
+US$181.6m		7.5%PE13.4x

Latest News

FDX
US$292.78
FedEx
7D
4.1%
1Y
8.8%
GXO
US$53.56
GXO Logistics
7D
2.3%
1Y
27.7%
AIRT
US$19.25
Air T
7D
-3.8%
1Y
-8.2%
SFWL
US$1.00
Shengfeng Development
7D
24.5%
1Y
-4.8%
HUBG
US$43.82
Hub Group
7D
1.4%
1Y
0.6%
CRGO
US$2.45
Freightos
7D
-20.2%
1Y
-18.1%
EXPD
US$153.02
Expeditors International of Washington
7D
1.0%
1Y
38.5%
CHRW
US$164.99
C.H. Robinson Worldwide
7D
4.7%
1Y
58.6%

CHRW: Operating Margin Discipline And AI Supply Chain Investments Will Support Future Resilience

Analysts have nudged their average fair value estimate for C.H. Robinson Worldwide slightly higher, from about $152 to roughly $153, citing recent price target increases that reflect operating margin expansion, raised 2026 income goals, and the company’s resilient, defensive positioning in a still-choppy freight market. Analyst Commentary Street research remains broadly constructive on C.H. Robinson, with most recent updates skewing toward higher price targets and supportive ratings even as the freight backdrop stays mixed.
UPS
US$100.73
United Parcel Service
7D
0.7%
1Y
-19.9%

UPS: Margin And Cost Efficiencies Will Drive Earnings Recovery Ahead

The updated fair value estimate for United Parcel Service has been reduced by about $10 to $122 per share, as analysts temper revenue growth and valuation multiples, despite acknowledging improving margins, cost efficiencies, and a more credible transformation outlook following a solid Q3 earnings beat and higher Street price targets. Analyst Commentary Bullish analysts have responded positively to the latest Q3 results, citing a solid earnings beat, reinstated guidance, and meaningful progress on cost initiatives as support for higher valuation.
ZTO
US$21.28
ZTO Express (Cayman)
7D
1.1%
1Y
7.5%

ZTO: Future Parcel Volume Expansion And Buybacks Will Drive Upside Potential

The analyst price target for ZTO Express (Cayman) has been modestly reduced to approximately $27.26 from about $28.15, as analysts factor in slightly slower expected revenue growth and a higher discount rate, partly offset by improved profit margin forecasts and a lower assumed future P/E multiple. What's in the News Completed a major share repurchase program, buying back a total of 52,919,506 shares, about 6.5% of shares outstanding, for approximately $1.3 billion under the buyback first announced in November 2018 (company disclosure) Between July 1 and September 30, 2025, repurchased an additional 2,020,008 shares, roughly 0.25% of shares outstanding, for $71.7 million as the final tranche of the long running program (company disclosure) Issued 2025 parcel volume guidance of 38.2 billion to 38.7 billion parcels, implying year over year growth of 12.3% to 13.8% in shipment volume (company guidance) Scheduled a board meeting for November 19, 2025, to review and approve unaudited third quarter 2025 financial results and authorize their publication (board meeting notice) Valuation Changes Fair Value Estimate was reduced slightly from $28.15 to $27.26 per share, reflecting more conservative growth assumptions.
FWRD
US$24.98
Forward Air
7D
-3.6%
1Y
-12.3%

FWRD: Stable Margins And Buyback Support Will Drive Future Share Price Recovery

Analysts have nudged their price target on Forward Air slightly higher to reflect stable fair value at $34.00, modestly improved long term profit margin expectations, and only minor adjustments to forecast growth and earnings multiples. What's in the News Forward Air shares dropped about 15% to $17.05 after an Axios Pro report indicated that a private equity deal for the company is not imminent (Axios Pro) The company reported no share repurchases between July 1, 2025 and September 30, 2025, despite having an authorized buyback program (company filing) Forward Air has completed repurchasing 3,651,380 shares, representing 13.39% of its outstanding shares, for a total of $302.47 million under the buyback program announced on February 7, 2019 (company filing) Valuation Changes Fair Value Estimate, unchanged at $34.00 per share, indicating no revision to the core valuation anchor.
ATXG
US$0.46
Addentax Group
7D
-2.1%
1Y
-25.5%
CJMB
US$1.40
Callan JMB
7D
-18.1%
1Y
n/a
RLGT
US$6.57
Radiant Logistics
7D
-1.9%
1Y
1.5%
HKPD
US$0.71
Hong Kong Pharma Digital Technology Holdings
7D
-5.1%
1Y
n/a
ARAI
US$3.14
Arrive AI
7D
-3.1%
1Y
n/a