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U.S. Transportation Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies49
  • 7D4.7%
  • 3M8.4%
  • 1Y26.2%
  • YTD6.9%

In the last week, the Transportation industry is up 3.7%, with Uber Technologies up 7.1%. In the same time, PAMT was down 5.8%. This means that the industry has gained 25% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the U.S. Transportation Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026US$663.7bUS$232.3bUS$29.3b44.2x22.6x2.9x
Thu, 19 Mar 2026US$626.2bUS$231.9bUS$29.3b32.3x21.4x2.7x
Sat, 14 Feb 2026US$643.0bUS$230.9bUS$29.1b36.9x22.1x2.8x
Mon, 12 Jan 2026US$636.6bUS$228.4bUS$33.3b34.2x19.1x2.8x
Wed, 10 Dec 2025US$640.1bUS$228.0bUS$33.3b30.9x19.2x2.8x
Fri, 07 Nov 2025US$630.2bUS$227.1bUS$33.2b26.5x19x2.8x
Sun, 05 Oct 2025US$664.9bUS$223.6bUS$29.7b24.1x22.4x3x
Tue, 02 Sep 2025US$632.9bUS$223.6bUS$29.7b25.3x21.3x2.8x
Thu, 31 Jul 2025US$626.8bUS$219.5bUS$29.8b26x21x2.9x
Sat, 28 Jun 2025US$626.4bUS$219.1bUS$29.6b25.2x21.2x2.9x
Mon, 26 May 2025US$600.9bUS$218.9bUS$29.7b25.5x20.2x2.7x
Wed, 23 Apr 2025US$538.2bUS$216.4bUS$26.3b24.4x20.5x2.5x
Fri, 21 Mar 2025US$584.4bUS$216.4bUS$27.3b25.8x21.4x2.7x
Sun, 16 Feb 2025US$646.3bUS$216.1bUS$27.4b29.9x23.6x3x
Tue, 14 Jan 2025US$581.0bUS$213.2bUS$21.8b28.1x26.6x2.7x
Thu, 12 Dec 2024US$620.7bUS$213.6bUS$21.9b29.7x28.4x2.9x
Sat, 09 Nov 2024US$646.4bUS$222.5bUS$20.0b33.3x32.3x2.9x
Mon, 07 Oct 2024US$615.8bUS$220.7bUS$17.2b28.6x35.7x2.8x
Wed, 04 Sep 2024US$615.5bUS$220.4bUS$17.2b29.2x35.7x2.8x
Fri, 02 Aug 2024US$597.7bUS$217.5bUS$17.2b27.5x34.8x2.7x
Sun, 30 Jun 2024US$583.2bUS$216.9bUS$16.7b25.9x35x2.7x
Tue, 28 May 2024US$573.4bUS$216.2bUS$16.7b24.8x34.3x2.7x
Thu, 25 Apr 2024US$611.3bUS$214.6bUS$18.0b23.1x34.1x2.8x
Sat, 23 Mar 2024US$644.8bUS$212.7bUS$17.5b23x36.8x3x
Mon, 19 Feb 2024US$638.8bUS$212.7bUS$17.1b23.6x37.3x3x
Wed, 17 Jan 2024US$578.6bUS$216.1bUS$16.9b21.6x34.2x2.7x
Fri, 15 Dec 2023US$568.6bUS$216.2bUS$16.8b21.5x33.9x2.6x
Sun, 12 Nov 2023US$506.8bUS$215.5bUS$16.9b20.3x30x2.4x
Tue, 10 Oct 2023US$502.1bUS$217.5bUS$16.6b14.5x30.3x2.3x
Thu, 07 Sep 2023US$510.5bUS$214.2bUS$13.8b14.4x37.1x2.4x
Sat, 05 Aug 2023US$532.4bUS$214.6bUS$13.2b15.7x40.4x2.5x
Mon, 03 Jul 2023US$501.9bUS$216.8bUS$13.0b13x38.7x2.3x
Wed, 31 May 2023US$458.6bUS$217.3bUS$12.9b13.9x35.5x2.1x
Fri, 28 Apr 2023US$440.9bUS$220.6bUS$3.4b13.7x129.1x2x
Price to Earnings Ratio

129.1x


Total Market Cap: US$440.9bTotal Earnings: US$3.4bTotal Revenue: US$220.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 30.2x202420252026
Current Industry PE
  • Investors are pessimistic on the American Transportation industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 22.6x which is lower than its 3-year average PE of 30.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Transportation industry have grown 105% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market3.58%
Industrials1.16%
Transportation4.66%
Cargo Ground Transportation7.63%
Trucking7.12%
Railroads1.53%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 31.7x.
    • Analysts are expecting annual earnings growth of 20.2%, which is higher than its past year's earnings decline of 18.3% per year.
  • Investors are most pessimistic about the Trucking industry, which is trading below its 3-year average of 37.6x.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Railroads industry is expected to see its earnings grow by 7.0% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
UBER Uber TechnologiesUS$77.497.1%
+US$10.5b		6.3%PE15.7x
CAR Avis Budget GroupUS$608.8064.1%
+US$8.4b		654.8%PS1.8x
ODFL Old Dominion Freight LineUS$223.387.6%
+US$3.3b		49.0%PE45.5x
CSX CSXUS$43.713.2%
+US$2.5b		59.2%PE28.1x
JBHT J.B. Hunt Transport ServicesUS$251.6010.5%
+US$2.2b		97.9%PE38.1x

Latest News

NSC
US$304.13
Norfolk Southern
7D
2.2%
1Y
38.9%

NSC: Rail Partnerships And Merger Synergies Will Shape Future Infrastructure Appeal

The analyst price target for Norfolk Southern has been adjusted slightly lower to $311.21 from $312.63, as analysts balance recent target cuts with continued interest in rail infrastructure and potential merger related synergies. Analyst Commentary Recent research on Norfolk Southern reflects a split view, with some firms trimming price targets and others lifting them meaningfully.
CAR
US$608.80
Avis Budget Group
7D
64.1%
1Y
654.8%

CAR: Equity Offering Will Constrain Future Earnings Power

Analysts kept their $85.00 price target for Avis Budget Group steady, citing modest adjustments in discount rate assumptions, revenue growth, profit margin outlook, and future P/E expectations as the key drivers behind the unchanged view. What's in the News Avis Budget Group filed a follow-on equity offering of US$5 million in common stock as an at-the-market offering, indicating potential ongoing access to equity capital (Key Developments).
GRAB
US$4.21
Grab Holdings
7D
12.9%
1Y
3.4%

GRAB: Buyback And foodpanda Deal Will Shape Long Term Upside

Analysts now see Grab Holdings' fair value easing slightly from about $6.38 to $6.30 per share, citing updated assumptions around the discount rate, revenue growth, profit margin, future P/E, and the potential long term earnings impact of the foodpanda deal and a recent upgrade. Analyst Commentary Bullish Takeaways Bullish analysts see the foodpanda transaction as a contributor to long term EBITDA, which they factor into their assumptions for Grab Holdings' earnings power beyond 2028.
CSX
US$43.71
CSX
7D
3.2%
1Y
59.2%

CSX: Heavy Rail Assets And Upgrades Will Support Freight Cycle Recovery Potential

CSX's updated analyst price target edges higher to $42.10 from $41.15, reflecting analysts' recent mix of target increases and a few downgrades as they factor in slightly higher revenue growth assumptions, a modestly higher future P/E, and ongoing sector level reassessments across transportation and rail names. Analyst Commentary Recent research on CSX reflects a split view, with several firms lifting price targets while a smaller group trims expectations or ratings.
UBER
US$77.49
Uber Technologies
7D
7.1%
1Y
6.3%
JBHT
US$251.60
J.B. Hunt Transport Services
7D
10.5%
1Y
97.9%
XPO
US$228.37
XPO
7D
7.6%
1Y
143.3%

XPO: LTL Execution And HALO Network Assets Will Shape 2026 Risk Reward

XPO's updated analyst price target edges up by about $3 to $207, with analysts pointing to steady tonnage and shipment trends, ongoing yield and cost efficiency work, and renewed interest in transportation networks as long lived infrastructure assets. Analyst Commentary Recent Street research on XPO shows a mix of optimism on execution and infrastructure value, alongside a few pockets of caution.
ETS
US$0.59
Elite Express Holding
7D
-7.0%
1Y
n/a
ODFL
US$223.38
Old Dominion Freight Line
7D
7.6%
1Y
49.0%

ODFL: HALO Network And Freight Cycle Recovery Will Shape Forward Return Potential

Old Dominion Freight Line's analyst price target edges higher by about $2 to $201.21. This reflects analysts' updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions following a series of recent target raises and rating changes across the Street.
BTOC
US$0.28
Armlogi Holding
7D
-4.5%
1Y
-75.3%
PAMT
US$9.35
PAMT
7D
-5.8%
1Y
-32.2%
SLGB
US$0.90
Smart Logistics Global
7D
-4.4%
1Y
n/a
ZDAI
US$3.13
DirectBooking Technology
7D
-17.6%
1Y
-54.7%