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U.S. Transportation Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies49
  • 7D-0.6%
  • 3M-3.6%
  • 1Y4.6%
  • YTD-0.5%

Last week, the Transportation industry hasn't moved much but CSX is up 5.8% in that time. The past year has been better, since the industry has gained 4.7% in that time. Earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026US$632.6bUS$228.4bUS$33.2b34.3x19.1x2.8x
Mon, 29 Dec 2025US$630.2bUS$228.3bUS$33.3b31x18.9x2.8x
Wed, 26 Nov 2025US$611.2bUS$227.3bUS$33.2b26.6x18.4x2.7x
Fri, 24 Oct 2025US$645.1bUS$223.7bUS$29.5b26.4x21.9x2.9x
Sun, 21 Sep 2025US$650.8bUS$223.7bUS$29.7b24.2x21.9x2.9x
Tue, 19 Aug 2025US$631.3bUS$222.4bUS$30.1b26.6x21x2.8x
Thu, 17 Jul 2025US$635.6bUS$219.7bUS$29.8b25.7x21.4x2.9x
Sat, 14 Jun 2025US$606.0bUS$219.1bUS$29.6b25.7x20.5x2.8x
Mon, 12 May 2025US$576.0bUS$218.7bUS$29.6b24.2x19.5x2.6x
Wed, 09 Apr 2025US$517.3bUS$216.5bUS$26.5b23.7x19.5x2.4x
Fri, 07 Mar 2025US$609.0bUS$216.4bUS$27.3b28.4x22.3x2.8x
Sun, 02 Feb 2025US$610.2bUS$213.0bUS$22.0b29.7x27.7x2.9x
Tue, 31 Dec 2024US$580.1bUS$213.4bUS$21.9b28.6x26.5x2.7x
Thu, 28 Nov 2024US$657.4bUS$213.4bUS$20.8b32.7x31.6x3.1x
Sat, 26 Oct 2024US$617.8bUS$220.6bUS$17.9b30x34.5x2.8x
Mon, 23 Sep 2024US$615.7bUS$220.7bUS$17.2b29x35.7x2.8x
Wed, 21 Aug 2024US$611.0bUS$220.0bUS$17.0b27.9x36x2.8x
Fri, 19 Jul 2024US$598.8bUS$216.8bUS$16.6b25.3x36x2.8x
Sun, 16 Jun 2024US$571.3bUS$217.0bUS$16.7b24.6x34.3x2.6x
Tue, 14 May 2024US$593.6bUS$215.9bUS$16.6b26x35.9x2.7x
Thu, 11 Apr 2024US$634.1bUS$214.9bUS$18.2b23.4x34.8x3x
Sat, 09 Mar 2024US$645.3bUS$212.9bUS$17.5b22.6x36.8x3x
Mon, 05 Feb 2024US$607.4bUS$214.8bUS$16.2b23.7x37.5x2.8x
Wed, 03 Jan 2024US$575.8bUS$216.1bUS$16.9b21.6x34x2.7x
Fri, 01 Dec 2023US$537.1bUS$216.2bUS$16.8b21.1x32x2.5x
Sun, 29 Oct 2023US$466.4bUS$214.7bUS$14.9b16x31.2x2.2x
Tue, 26 Sep 2023US$503.2bUS$214.2bUS$13.7b14.5x36.6x2.3x
Thu, 24 Aug 2023US$519.4bUS$214.3bUS$13.7b15.1x37.8x2.4x
Sat, 22 Jul 2023US$526.5bUS$215.8bUS$12.4b13x42.6x2.4x
Mon, 19 Jun 2023US$492.8bUS$217.2bUS$12.9b12.9x38.2x2.3x
Wed, 17 May 2023US$462.5bUS$217.3bUS$12.6b14.2x36.7x2.1x
Fri, 14 Apr 2023US$453.5bUS$221.1bUS$3.5b13.3x129.5x2.1x
Sun, 12 Mar 2023US$453.9bUS$220.9bUS$3.5b14.6x128.5x2.1x
Tue, 07 Feb 2023US$507.4bUS$222.5bUS$3.3b12.8x155.6x2.3x
Price to Earnings Ratio

155.6x


Total Market Cap: US$507.4bTotal Earnings: US$3.3bTotal Revenue: US$222.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 39.1x202420252026
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 18.7x which is lower than its 3-year average PE of 39.1x.
  • 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 117% 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 Market-0.28%
Industrials-0.12%
Transportation-0.62%
Railroads2.27%
Cargo Ground Transportation-1.71%
Trucking-3.38%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 30.3x.
    • Analysts are expecting annual earnings growth of 19.2%, which is higher than its past year's earnings decline of 19.8% per year.
  • Investors are most pessimistic about the Trucking industry, which is trading below its 3-year average of 35.4x.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 20% per year.
  • In contrast, the Trucking industry is expected to see its earnings grow by 4.5% 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
UNP Union PacificUS$235.102.4%
+US$3.2b		-5.1%PE19.5x
CSX CSXUS$37.763.1%
+US$2.1b		14.9%PE24.3x
NSC Norfolk SouthernUS$291.241.3%
+US$869.3m		14.1%PE22.7x
XPO XPOUS$148.110.6%
+US$98.6m		10.8%PE52.4x
YMM Full Truck AllianceUS$9.900.9%
+US$94.1m		-12.1%PE18.1x

Latest News

CSX
US$37.76
CSX
7D
3.1%
1Y
14.9%
SNDR
US$26.84
Schneider National
7D
-10.5%
1Y
-9.8%
NSC
US$291.24
Norfolk Southern
7D
1.3%
1Y
14.1%
WERN
US$34.25
Werner Enterprises
7D
1.2%
1Y
-5.1%
UNP
US$235.10
Union Pacific
7D
2.4%
1Y
-5.1%
LYFT
US$16.87
Lyft
7D
-5.8%
1Y
24.6%
UBER
US$80.05
Uber Technologies
7D
-2.7%
1Y
19.7%
JBHT
US$202.72
J.B. Hunt Transport Services
7D
-1.9%
1Y
18.4%
YMM
US$9.90
Full Truck Alliance
7D
0.9%
1Y
-12.1%

YMM: Order Quality Cleanup And Governance Efforts Will Support Future Margin Expansion

Analysts have trimmed their blended price target for Full Truck Alliance to about US$17.91 from roughly US$18.23 as they factor in lower forecast revenue growth, a reduced assumed future P/E multiple, and mixed views on order momentum and regulatory headwinds, despite stronger modeled profit margins. Analyst Commentary Recent Street research on Full Truck Alliance presents a split picture, with JPMorgan turning more cautious while other firms still see room for execution on growth plans and margin potential.
R
US$191.28
Ryder System
7D
0.5%
1Y
20.0%

R: Leadership Transition And M&A Expansion Will Support Measured Outlook Into 2027

Narrative Update: Ryder System Analyst Price Target Shift Analysts have adjusted their fair value estimate for Ryder System from about US$211.10 to roughly US$215.44, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News CEO Robert E.
KNX
US$55.10
Knight-Swift Transportation Holdings
7D
-3.2%
1Y
-3.5%

KNX: Tightening Capacity And AI Efficiencies Will Shape A Gradual Freight Recovery

Analysts have lifted their price target on Knight-Swift Transportation Holdings by about US$7. This reflects updated assumptions around fair value, a slightly lower discount rate, higher revenue growth forecasts, broadly stable profit margins, and a higher future P/E multiple informed by recent mixed but generally higher Street targets.
SAIA
US$334.87
Saia
7D
-4.7%
1Y
-30.3%

SAIA: Cost Controls And Capacity Tightness Will Shape Margins And Volume Risk

Narrative Update on Saia Analysts have lifted their blended fair value estimate for Saia to $354.95 from $326.81. This change reflects higher Street price targets that balance concerns about sub seasonal freight trends and elevated P/E multiples with expectations for tighter trucking capacity, regulation driven attrition, and ongoing network optimization into 2026.
SLGB
US$2.20
Smart Logistics Global
7D
80.3%
1Y
n/a
XPO
US$148.11
XPO
7D
0.6%
1Y
10.8%

XPO: Margin Efficiency And AI Productivity Will Shape Mixed 2026 Risk Reward Profile

The analyst price target for XPO increased slightly to US$156.08 from US$151.24, as analysts point to continued margin efficiency, modestly adjusted revenue expectations, and a slightly higher assumed future P/E multiple in their updated models. Analyst Commentary Recent research on XPO reflects a mixed but engaged analyst community, with several firms revisiting their price targets and ratings as they reassess the company’s execution, margin profile, and exposure to trucking and less than truckload markets.
UHAL
US$56.55
U-Haul Holding
7D
-3.0%
1Y
-22.4%
GRAB
US$4.30
Grab Holdings
7D
-6.1%
1Y
-6.1%

GRAB: Indonesia Merger Talks Will Support Future Market Leadership

Analysts have nudged their price target for Grab Holdings slightly higher to about US$6.83 per share, citing recent upgrades, better than expected Q3 results, raised FY25 guidance, and confidence in the company's category leading position and long term growth outlook in Southeast Asia. Analyst Commentary Bullish Takeaways Bullish analysts highlight Q3 results that were better than expected, with the company beating both top and bottom line consensus, which supports their case for higher valuation multiples.