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U.S. Transportation Industry Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies49
  • 7D1.4%
  • 3M-4.2%
  • 1Y10.7%
  • YTD10.5%

In the last week, the Transportation industry is up 1.4%, with Uber Technologies up 2.3%. In the same time, RXO was down 6.1%. In the last 12 months, the industry was up 11%. Looking forward, earnings are forecast to grow by 7.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Dec 2025US$631.4bUS$228.3bUS$33.3b30.9x19x2.8x
Mon, 24 Nov 2025US$606.4bUS$227.2bUS$33.2b26.6x18.3x2.7x
Wed, 22 Oct 2025US$652.3bUS$223.7bUS$29.5b27.9x22.1x2.9x
Fri, 19 Sep 2025US$636.2bUS$223.7bUS$29.7b24.5x21.4x2.8x
Sun, 17 Aug 2025US$631.4bUS$222.5bUS$30.1b26.6x21x2.8x
Tue, 15 Jul 2025US$649.5bUS$219.7bUS$29.8b26.1x21.8x3x
Thu, 12 Jun 2025US$612.7bUS$219.0bUS$29.6b25.8x20.7x2.8x
Sat, 10 May 2025US$575.5bUS$218.7bUS$29.6b24.2x19.4x2.6x
Mon, 07 Apr 2025US$521.9bUS$216.8bUS$26.5b24.6x19.7x2.4x
Wed, 05 Mar 2025US$606.0bUS$216.2bUS$27.3b27.8x22.2x2.8x
Fri, 31 Jan 2025US$613.5bUS$213.0bUS$22.0b30.1x27.9x2.9x
Sun, 29 Dec 2024US$580.2bUS$213.4bUS$21.9b28.8x26.6x2.7x
Tue, 26 Nov 2024US$645.2bUS$213.4bUS$20.8b32.4x31x3x
Thu, 24 Oct 2024US$634.4bUS$220.3bUS$17.9b29.1x35.5x2.9x
Sat, 21 Sep 2024US$626.1bUS$220.7bUS$17.2b29x36.3x2.8x
Mon, 19 Aug 2024US$604.0bUS$219.8bUS$17.0b28x35.6x2.7x
Wed, 17 Jul 2024US$599.2bUS$217.0bUS$16.7b25.7x36x2.8x
Fri, 14 Jun 2024US$576.1bUS$217.0bUS$16.7b24.9x34.6x2.7x
Sun, 12 May 2024US$597.9bUS$216.0bUS$16.6b26.1x36.1x2.8x
Tue, 09 Apr 2024US$637.8bUS$214.9bUS$18.2b24x35x3x
Thu, 07 Mar 2024US$647.0bUS$212.8bUS$17.5b24x37x3x
Sat, 03 Feb 2024US$607.4bUS$214.7bUS$16.2b23.7x37.5x2.8x
Mon, 01 Jan 2024US$588.0bUS$216.3bUS$16.9b21.6x34.7x2.7x
Wed, 29 Nov 2023US$536.4bUS$216.2bUS$16.8b21.2x32x2.5x
Fri, 27 Oct 2023US$469.3bUS$214.9bUS$15.1b14.1x31.1x2.2x
Sun, 24 Sep 2023US$501.0bUS$214.2bUS$13.7b14.5x36.5x2.3x
Tue, 22 Aug 2023US$514.3bUS$214.0bUS$13.3b15x38.8x2.4x
Thu, 20 Jul 2023US$529.8bUS$216.3bUS$12.7b13x41.6x2.4x
Sat, 17 Jun 2023US$492.8bUS$217.2bUS$12.9b12.9x38.2x2.3x
Mon, 15 May 2023US$467.4bUS$217.3bUS$12.6b14.4x37.1x2.2x
Wed, 12 Apr 2023US$455.5bUS$221.0bUS$3.5b13.3x129.4x2.1x
Fri, 10 Mar 2023US$464.6bUS$220.7bUS$3.6b14.7x129.5x2.1x
Sun, 05 Feb 2023US$509.9bUS$222.5bUS$3.3b12.4x155.5x2.3x
Tue, 03 Jan 2023US$459.4bUS$221.2bUS$3.5b9.9x130.4x2.1x
Price to Earnings Ratio

130.4x


Total Market Cap: US$459.4bTotal Earnings: US$3.5bTotal Revenue: US$221.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 43.1x20242025
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 19.0x which is lower than its 3-year average PE of 43.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Transportation industry have grown 111% 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 Market1.34%
Industrials1.42%
Transportation1.36%
Trucking2.69%
Cargo Ground Transportation1.00%
Railroads0.48%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 30.0x.
    • Analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings decline of 17.6% per year.
  • Investors are most pessimistic about the Trucking industry, which is trading below its 3-year average of 34.3x.
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 Trucking industry is expected to see its earnings grow by 2.2% 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$81.262.5%
+US$4.1b		32.9%PE10.1x
GRAB Grab HoldingsUS$5.154.5%
+US$899.1m		7.1%PE172.5x
ODFL Old Dominion Freight LineUS$159.491.3%
+US$439.1m		-11.5%PE31.5x
XPO XPOUS$141.322.0%
+US$328.7m		6.9%PE50x
SAIA SaiaUS$331.023.4%
+US$285.1m		-30.4%PE31x

Latest News

UNP
US$235.05
Union Pacific
7D
0.4%
1Y
2.2%

UNP: Merger Review And Margin Discipline Will Support Performance Amid Intermodal Weakness

Analysts have nudged their price target on Union Pacific slightly higher, with modestly lower growth and margin assumptions but a somewhat richer future earnings multiple now supporting an updated fair value of about $260.50, up from roughly $260.20. Analyst Commentary Recent price target revisions reflect a cautiously constructive stance on Union Pacific, with modest upside embedded in valuation but tempered by mixed near term volume trends and execution risks.
XPO
US$141.14
XPO
7D
1.9%
1Y
6.7%

XPO Margins Will Expand As Productivity Gains Drive Next Freight Upcycle Outperformance

Analysts have raised their XPO fair value estimate to $180 from $156, reflecting increased confidence in the company’s margin expansion, revenue growth potential, and ability to capture share in the next freight upcycle despite a still challenging demand backdrop. Analyst Commentary Recent research updates on XPO continue to skew positive, with multiple bullish analysts revising price targets higher and reiterating favorable ratings.
ULH
US$15.53
Universal Logistics Holdings
7D
-2.4%
1Y
-66.3%
ARCB
US$76.87
ArcBest
7D
-2.0%
1Y
-17.9%

ARCB: Macro Headwinds And Pricing Pressures Will Restrain Freight Cycle Upside

Analysts have trimmed their price target for ArcBest to approximately $64 from about $72, as they modestly temper long term revenue growth and valuation multiples despite slightly stronger margin expectations. Analyst Commentary Recent Street commentary reflects a mixed but generally more measured stance on ArcBest, with some Bearish analysts trimming targets even as others highlight upside tied to an improving freight cycle and company specific margin initiatives.
SLGB
US$0.98
Smart Logistics Global
7D
-12.5%
1Y
n/a
CSX
US$36.78
CSX
7D
0.8%
1Y
13.3%
LSTR
US$144.64
Landstar System
7D
-0.1%
1Y
-17.0%

LSTR: Capacity Stabilization Will Meet Prolonged Truckload Weakness And Slower Earnings Recovery

Analysts have nudged their blended price target for Landstar System modestly higher to approximately $134 from about $131, reflecting slightly better long term growth and valuation assumptions, even as Street research highlights ongoing truckload headwinds and modest estimate trims across the transports group. Analyst Commentary Recent Street research presents a mixed backdrop for Landstar System, with price targets drifting lower but ratings largely unchanged, underscoring a balanced risk reward profile in the current freight cycle.
ZDAI
US$0.23
DirectBooking Technology
7D
-13.8%
1Y
-85.1%

Market Cool On DirectBooking Technology Co., Ltd.'s (NASDAQ:ZDAI) Revenues Pushing Shares 39% Lower

Dec 19
Market Cool On DirectBooking Technology Co., Ltd.'s (NASDAQ:ZDAI) Revenues Pushing Shares 39% Lower
GRAB
US$5.13
Grab Holdings
7D
4.1%
1Y
6.7%

GRAB: Indonesia Merger Talks Will Drive Future Market Leadership Dominance

Analysts have nudged their average price target for Grab Holdings higher to about $7.00 from roughly $6.50, reflecting confidence in the company’s better than expected Q3 performance, its strengthened multi year growth outlook, and its sustained market leadership despite recent valuation driven caution. Analyst Commentary Bullish analysts broadly interpret the recent quarterly beat and guidance raise as evidence that Grab is executing ahead of plan, which they see as justifying higher price targets and a richer growth multiple.
NSC
US$292.71
Norfolk Southern
7D
0.4%
1Y
24.4%

NSC: Shares Will Navigate Merger Scrutiny Amid Resilient Earnings Expectations

Analysts have nudged their price target for Norfolk Southern slightly higher, citing a series of upward target revisions across the Street that emphasize resilient 2025 earnings expectations and relatively stable margins, despite modestly softer long term revenue growth assumptions and a cautious backdrop for the broader transports group. Analyst Commentary Bullish analysts are leaning into Norfolk Southern's relative earnings resilience, lifting price targets even as the broader transports group remains out of favor.
ODFL
US$159.36
Old Dominion Freight Line
7D
1.3%
1Y
-11.6%

ODFL: Service Strength And Buybacks Will Balance Maturing Returns Ahead

Analysts have nudged our Old Dominion Freight Line price target slightly higher to approximately $156 from about $155, as they balance concerns over moderating growth, weaker industrial volumes and diminishing incremental returns with the company’s best in class service quality, resilient margins and solid earnings execution. Analyst Commentary Recent Street research on Old Dominion Freight Line reflects a more balanced stance, with modest target revisions clustering around the mid $140s to mid $150s and a mix of Neutral, Overweight and Sell ratings.
SAIA
US$329.94
Saia
7D
3.0%
1Y
-30.6%

SAIA: Cost Controls And Network Optimization Will Support Margins Amid Mixed Volume Trends

Our analyst price target for Saia has edged higher to $326.81 from $320.45 as analysts balance lingering macro and volume headwinds, including softer near term tonnage and mix related margin pressure, against the company's solid cost control, network optimization efforts, and potential for margin expansion beyond pure volume recovery. Analyst Commentary Street research on Saia reflects a mixed but generally constructive backdrop, with recent target changes clustering around a still supportive valuation range despite near term earnings and volume uncertainty.
UBER
US$81.15
Uber Technologies
7D
2.3%
1Y
32.7%

UBER: Autonomous Expansion Will Sustain Platform Engagement And Profit Momentum

Analysts have modestly raised their fair value estimate for Uber Technologies by about $1 per share to roughly $112, citing a strong Q3 print, accelerating delivery growth versus peers, and confidence that robust engagement and profit expansion can continue even as margin gains normalize and long term autonomous vehicle economics become a greater focus. Analyst Commentary Analysts remain broadly constructive on Uber following the Q3 update, pointing to solid execution across mobility and delivery, resilient user engagement, and a strengthening narrative around long term autonomous vehicle positioning, even as expectations for near term AV profit contribution are tempered.
RXO
US$12.73
RXO
7D
-6.1%
1Y
-47.7%

RXO: AI Brokerage Execution Will Shape Earnings Recovery Amid Heightened Short Seller Scrutiny

The Street narrative on RXO has shifted mildly as analysts trim near term earnings expectations and price targets, while the blended analyst fair value estimate remains effectively unchanged at about $15.59. This comes despite a mix of cuts to the low teens and select upward revisions into the low $20s, reflecting confidence in the company’s AI enabled brokerage strategy.
UHAL
US$51.30
U-Haul Holding
7D
-0.7%
1Y
-26.2%
RYDE
US$0.34
Ryde Group
7D
-5.3%
1Y
-46.8%