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U.S. Transportation Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies50
  • 7D1.4%
  • 3M-3.8%
  • 1Y9.2%
  • YTD0.4%

The Transportation industry is up 1.4% in the last week, with Uber Technologies up 5.5%. This means that the industry has gained 9.2% over the past year. Earnings are forecast to grow by 9.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026US$645.6bUS$228.3bUS$33.3b32.8x19.4x2.8x
Sat, 06 Dec 2025US$651.0bUS$228.0bUS$33.3b31x19.6x2.9x
Mon, 03 Nov 2025US$651.4bUS$224.1bUS$29.0b27.7x22.5x2.9x
Wed, 01 Oct 2025US$666.4bUS$223.6bUS$29.7b23.4x22.4x3x
Fri, 29 Aug 2025US$632.7bUS$222.7bUS$30.2b26.8x21x2.8x
Sun, 27 Jul 2025US$642.0bUS$219.6bUS$29.8b27x21.6x2.9x
Tue, 24 Jun 2025US$606.2bUS$219.1bUS$29.6b26.1x20.5x2.8x
Thu, 22 May 2025US$620.1bUS$218.8bUS$29.6b25.8x21x2.8x
Sat, 19 Apr 2025US$550.4bUS$216.4bUS$26.3b24.6x21x2.5x
Mon, 17 Mar 2025US$581.8bUS$216.4bUS$27.3b26.9x21.3x2.7x
Wed, 12 Feb 2025US$638.9bUS$215.4bUS$27.3b29.5x23.4x3x
Fri, 10 Jan 2025US$588.8bUS$213.2bUS$21.8b28.2x27x2.8x
Sun, 08 Dec 2024US$618.4bUS$213.5bUS$21.9b30.3x28.3x2.9x
Tue, 05 Nov 2024US$615.8bUS$222.4bUS$20.4b31.2x30.2x2.8x
Thu, 03 Oct 2024US$626.0bUS$220.8bUS$17.2b30.1x36.3x2.8x
Sat, 31 Aug 2024US$608.2bUS$220.2bUS$17.0b27.7x35.8x2.8x
Mon, 29 Jul 2024US$587.6bUS$217.7bUS$17.2b27.6x34.1x2.7x
Wed, 26 Jun 2024US$579.9bUS$217.0bUS$16.7b24.9x34.8x2.7x
Fri, 24 May 2024US$579.1bUS$216.2bUS$16.7b24.8x34.6x2.7x
Sun, 21 Apr 2024US$596.1bUS$214.5bUS$18.0b23x33.1x2.8x
Tue, 19 Mar 2024US$629.0bUS$212.8bUS$17.5b22.2x35.9x3x
Thu, 15 Feb 2024US$612.3bUS$212.8bUS$17.2b23.9x35.7x2.9x
Sat, 13 Jan 2024US$578.6bUS$216.0bUS$16.9b21.6x34.2x2.7x
Mon, 11 Dec 2023US$556.6bUS$216.1bUS$16.8b21.4x33.2x2.6x
Wed, 08 Nov 2023US$501.4bUS$214.5bUS$14.9b20.2x33.7x2.3x
Fri, 06 Oct 2023US$490.5bUS$217.5bUS$16.6b14.2x29.6x2.3x
Sun, 03 Sep 2023US$526.7bUS$214.3bUS$13.7b14.8x38.3x2.5x
Tue, 01 Aug 2023US$553.0bUS$214.1bUS$10.2b15.6x54.1x2.6x
Thu, 29 Jun 2023US$500.6bUS$216.8bUS$13.0b12.9x38.6x2.3x
Sat, 27 May 2023US$459.5bUS$217.4bUS$12.9b13.7x35.6x2.1x
Mon, 24 Apr 2023US$458.3bUS$221.0bUS$3.5b14.2x130.9x2.1x
Wed, 22 Mar 2023US$327.9bUS$125.2b-US$3,715,846,676.0014.3x-88.2x2.6x
Fri, 17 Feb 2023US$499.8bUS$220.6bUS$2.6b15.4x189x2.3x
Sun, 15 Jan 2023US$498.5bUS$221.9bUS$3.3b10.6x150.5x2.2x
Price to Earnings Ratio

150.5x


Total Market Cap: US$498.5bTotal Earnings: US$3.3bTotal Revenue: US$221.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 41.8x202420252026
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 19.4x which is lower than its 3-year average PE of 41.8x.
  • 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 116% 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 Market1.52%
Industrials3.24%
Transportation1.45%
Cargo Ground Transportation4.98%
Trucking4.52%
Railroads-2.70%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 30.1x.
    • Analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings decline of 12.7% per year.
  • Investors are most pessimistic about the Trucking industry, which is trading below its 3-year average of 34.7x.
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 13% per year.
  • In contrast, the Trucking industry is expected to see its earnings grow by 5.8% 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$86.195.5%
+US$9.3b		32.8%PE10.8x
ODFL Old Dominion Freight LineUS$165.725.7%
+US$1.9b		-7.7%PE32.8x
XPO XPOUS$143.905.9%
+US$937.9m		4.9%PE50.9x
JBHT J.B. Hunt Transport ServicesUS$203.824.9%
+US$902.7m		14.6%PE33.9x
SAIA SaiaUS$357.689.5%
+US$828.0m		-20.2%PE33.5x

Latest News

ODFL
US$165.72
Old Dominion Freight Line
7D
5.7%
1Y
-7.7%
GRAB
US$5.08
Grab Holdings
7D
1.8%
1Y
9.7%

GRAB: Indonesia Merger Talks And Q3 Momentum Will Support Future Leadership

Analysts have nudged their implied fair value for Grab Holdings slightly higher to about $6.84 from $6.83, citing recent Q3 results that topped expectations and led several firms to lift their price targets to $7 after reporting strong growth metrics and raised guidance. Analyst Commentary Street research commentary around Grab Holdings is broadly constructive, with several firms lifting price targets to $7 after Q3 results and updated guidance.
R
US$188.16
Ryder System
7D
-1.7%
1Y
18.8%

R: Leadership Transition And Buybacks Will Support Measured Outlook Into 2027

Analysts have slightly increased their price target on Ryder System, raising their fair value estimate from about $208.90 to roughly $211.10. This change reflects updated assumptions around revenue growth, profit margins and future P/E levels.
NSC
US$284.09
Norfolk Southern
7D
-1.6%
1Y
19.9%

NSC: Merger Review And Labor Deal Will Shape Fairly Valued Outlook

Analysts have nudged their price target for Norfolk Southern higher to approximately US$309 from about US$308, reflecting small updates to discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News The US Department of Justice has begun investigating Union Pacific's proposed acquisition of Norfolk Southern and is expected to file a formal notice to participate in the Surface Transportation Board review of the deal (CTFN).
JBHT
US$203.82
J.B. Hunt Transport Services
7D
4.9%
1Y
14.6%

JBHT: Cost-Led Margin Gains Will Prove Short Lived As Inflation Pressures Persist

The analyst price target for J.B. Hunt Transport Services has been raised by about US$3 to reflect updated assumptions for slightly higher long term revenue growth, stable profit margins supported by ongoing cost initiatives, and a modestly higher future P/E multiple that aligns with recent research highlighting Q3 cost efficiencies and margin gains. Analyst Commentary Street research following J.B. Hunt Transport Services' Q3 results reflects a broadly constructive tone on execution, with increased price targets tied closely to cost efficiencies and margin gains.
CSX
US$35.05
CSX
7D
-3.3%
1Y
8.9%

CSX: New Leadership And ONECSX Execution Will Shape Rail Network Future

Analysts have nudged the CSX price target higher to around US$41 to US$42 from about US$39 to US$40, citing a recent Q3 beat, one-off restructuring charges, and continued progress on the ONECSX and operational improvement initiatives as key supports for this shift. Analyst Commentary Recent research updates show a cluster of price target revisions for CSX toward the low US$40s after the Q3 report, with analysts pointing to the earnings outcome, one off restructuring charges, and ongoing ONECSX initiatives as key drivers of their views.
CAR
US$127.04
Avis Budget Group
7D
-1.0%
1Y
47.9%
YMM
US$10.72
Full Truck Alliance
7D
-0.09%
1Y
1.0%

Full Truck Alliance (NYSE:YMM) Is Experiencing Growth In Returns On Capital

Jan 03
Full Truck Alliance (NYSE:YMM) Is Experiencing Growth In Returns On Capital
SAIA
US$357.68
Saia
7D
9.5%
1Y
-20.2%

The Returns At Saia (NASDAQ:SAIA) Aren't Growing

Jan 02
The Returns At Saia (NASDAQ:SAIA) Aren't Growing
UBER
US$86.19
Uber Technologies
7D
5.5%
1Y
32.8%
KNX
US$55.14
Knight-Swift Transportation Holdings
7D
5.5%
1Y
2.4%
UNP
US$224.48
Union Pacific
7D
-3.0%
1Y
-3.2%
XPO
US$143.90
XPO
7D
5.9%
1Y
4.9%

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.
PAMT
US$11.54
Pamt
7D
-4.5%
1Y
-31.9%

Pamt Corp.'s (NASDAQ:PAMT) Share Price Boosted 32% But Its Business Prospects Need A Lift Too

Dec 24
Pamt Corp.'s (NASDAQ:PAMT) Share Price Boosted 32% But Its Business Prospects Need A Lift Too
MRT
US$2.24
Marti Technologies
7D
-5.5%
1Y
-36.2%
UHAL
US$53.05
U-Haul Holding
7D
5.2%
1Y
-22.4%