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U.S. Transportation Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies49
  • 7D-1.1%
  • 3M-4.0%
  • 1Y4.6%
  • YTD-3.9%

Over the last 7 days, the Transportation industry has dropped 1.1%, driven by a pullback from Union Pacific of 3.1%. Over the past 12 months, the industry was up 4.6%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026US$604.1bUS$231.8bUS$29.3b32.5x20.6x2.6x
Wed, 18 Feb 2026US$641.9bUS$230.9bUS$29.1b37.2x22.1x2.8x
Fri, 16 Jan 2026US$633.8bUS$228.5bUS$33.3b33.6x19x2.8x
Sun, 14 Dec 2025US$645.7bUS$228.1bUS$33.3b32.3x19.4x2.8x
Tue, 11 Nov 2025US$633.0bUS$227.0bUS$33.0b27.2x19.2x2.8x
Thu, 09 Oct 2025US$664.1bUS$223.6bUS$29.7b25.6x22.4x3x
Sat, 06 Sep 2025US$631.4bUS$223.5bUS$29.7b25.1x21.2x2.8x
Mon, 04 Aug 2025US$606.4bUS$219.6bUS$29.8b25.4x20.3x2.8x
Wed, 02 Jul 2025US$627.3bUS$219.7bUS$29.8b25.1x21.1x2.9x
Fri, 30 May 2025US$605.9bUS$219.1bUS$29.6b25.4x20.5x2.8x
Sun, 27 Apr 2025US$551.2bUS$216.3bUS$26.9b23.5x20.5x2.5x
Tue, 25 Mar 2025US$586.5bUS$216.3bUS$27.3b27x21.5x2.7x
Thu, 20 Feb 2025US$646.3bUS$216.0bUS$27.4b30.7x23.6x3x
Sat, 18 Jan 2025US$608.1bUS$213.1bUS$21.8b29.6x27.9x2.9x
Mon, 16 Dec 2024US$599.4bUS$213.5bUS$21.9b29x27.4x2.8x
Wed, 13 Nov 2024US$650.1bUS$222.6bUS$20.1b32.2x32.3x2.9x
Fri, 11 Oct 2024US$622.2bUS$220.6bUS$17.2b29.5x36.1x2.8x
Sun, 08 Sep 2024US$596.3bUS$220.5bUS$17.2b28.3x34.6x2.7x
Tue, 06 Aug 2024US$568.2bUS$218.0bUS$16.2b26.7x35x2.6x
Thu, 04 Jul 2024US$581.6bUS$216.9bUS$16.7b25.3x34.9x2.7x
Sat, 01 Jun 2024US$567.7bUS$217.0bUS$16.7b25.1x34x2.6x
Mon, 29 Apr 2024US$596.7bUS$214.5bUS$17.1b24x35x2.8x
Wed, 27 Mar 2024US$638.7bUS$212.7bUS$17.5b22.8x36.4x3x
Fri, 23 Feb 2024US$637.1bUS$212.6bUS$17.1b24.3x37.3x3x
Sun, 21 Jan 2024US$580.3bUS$215.7bUS$16.9b21.6x34.4x2.7x
Tue, 19 Dec 2023US$578.5bUS$216.2bUS$16.8b21.5x34.5x2.7x
Thu, 16 Nov 2023US$526.1bUS$215.7bUS$16.9b20.9x31.2x2.4x
Sat, 14 Oct 2023US$497.4bUS$217.5bUS$16.6b14.3x30x2.3x
Mon, 11 Sep 2023US$510.7bUS$214.1bUS$13.8b14.4x37.1x2.4x
Wed, 09 Aug 2023US$529.5bUS$214.2bUS$13.0b15.6x40.6x2.5x
Fri, 07 Jul 2023US$495.1bUS$216.9bUS$13.0b12.8x38.2x2.3x
Sun, 04 Jun 2023US$471.5bUS$217.3bUS$12.9b14x36.6x2.2x
Tue, 02 May 2023US$459.0bUS$215.8bUS$6.7b14.3x68.9x2.1x
Thu, 30 Mar 2023US$452.2bUS$221.0bUS$3.5b13.1x128.4x2x
Price to Earnings Ratio

128.4x


Total Market Cap: US$452.2bTotal Earnings: US$3.5bTotal Revenue: US$221.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 33x202420252026
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 20.6x which is lower than its 3-year average PE of 32.9x.
  • 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 103% 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-1.83%
Industrials-1.80%
Transportation-1.05%
Trucking1.01%
Cargo Ground Transportation0.11%
Railroads-3.01%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 30.9x.
    • Analysts are expecting annual earnings growth of 19.5%, 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 37.0x.
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 18% per year.
  • In contrast, the Railroads industry is expected to see its earnings grow by 9.0% 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$73.890.8%
+US$1.2b		-2.6%PE15.1x
ODFL Old Dominion Freight LineUS$183.921.8%
+US$660.7m		11.3%PE37.4x
KNX Knight-Swift Transportation HoldingsUS$53.282.6%
+US$219.3m		19.9%PE131.2x
RXO RXOUS$13.239.2%
+US$182.3m		-28.8%PS0.4x
LYFT LyftUS$13.473.1%
+US$159.2m		12.4%PE1.9x

Latest News

SAIA
US$318.63
Saia
7D
-0.7%
1Y
-12.2%

SAIA: Physical Freight Network And Tighter Capacity Will Support Future Margins

Saia's fair value estimate moves from $431 to $500 as analysts lift price targets across the sector, citing Q1 operating trends tracking ahead of expectations, firming freight indicators, and a view that the company's physical transportation network offers resilient, hard to replicate exposure in an AI focused market. Analyst Commentary Recent Street research around Saia centers on higher fair value assessments, with several bullish analysts lifting price targets after company updates that tracked in line with or ahead of their expectations.
UBER
US$73.89
Uber Technologies
7D
0.8%
1Y
-2.6%

Uber Technologies (UBER): From Ride-Hailing Giant to Autonomous Aggregator

Vestra has decreased revenue growth from 15.0% to 10.6%.
GRAB
US$3.56
Grab Holdings
7D
-4.0%
1Y
-23.3%

GRAB: Share Buyback And Lidar Pact Will Drive Future Upside

Analysts have reduced their price target on Grab Holdings to $6.50 from $6.55, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E following recent upgrades from major firms. Analyst Commentary Bullish Takeaways Bullish analysts highlight recent upgrades as a signal that current pricing is closer to what they view as fair value, even after adjusting assumptions for discount rate and future P/E.
CSX
US$38.17
CSX
7D
-2.9%
1Y
29.1%

CSX: Heavy Asset Rail Franchise Will Balance Volume Softness And Safety Events

CSX's updated analyst price target edges higher by about $0.50 to $40.81. The change reflects slightly adjusted assumptions on growth, margins, and future P/E as analysts weigh mixed rail volume trends, ongoing transportation sector updates, and the view that rail networks remain hard to replicate infrastructure assets.
ULH
US$17.67
Universal Logistics Holdings
7D
22.0%
1Y
-33.2%
ODFL
US$183.92
Old Dominion Freight Line
7D
1.8%
1Y
11.3%

ODFL: Tighter Capacity And HALO Network Will Shape Freight Recovery Outlook

Old Dominion Freight Line's analyst fair value estimate shifts to $199.25 from $167.79 as analysts adjust price targets across the transports group, citing slightly higher modeled revenue growth, a modestly stronger profit margin profile, and a higher assumed future P/E multiple. Analyst Commentary Recent Street research around Old Dominion Freight Line reflects a mix of optimism on the long term freight cycle and caution on near term earnings power and valuation.
LYFT
US$13.47
Lyft
7D
3.1%
1Y
12.4%

LYFT: Reset Expectations As Execution And Capital Returns Meet Balanced Market Outlook

Lyft's updated analyst price target moves in line with a series of recent Street revisions that lowered targets into the mid to high teens, as analysts refresh their models around slightly higher revenue growth assumptions, modestly lower profit margins, and a somewhat richer future P/E multiple. Analyst Commentary Recent Street research around Lyft has centered on a series of lower price targets, with multiple bearish analysts resetting expectations closer to the mid to high teens.
YMM
US$8.30
Full Truck Alliance
7D
-5.5%
1Y
-36.8%
R
US$191.78
Ryder System
7D
2.1%
1Y
35.4%
FIP
US$4.64
FTAI Infrastructure
7D
-11.5%
1Y
-12.5%

FIP: Filing Delay Risk Will Set Up Attractive Future Upside Potential

Analysts have trimmed their price target on FTAI Infrastructure to $10.00, reflecting slightly lower assumptions for revenue growth and profit margins, along with a marginally reduced discount rate and a modestly higher future P/E multiple. What's in the News On 03/03/2026, FTAI Infrastructure Inc.
UNP
US$234.92
Union Pacific
7D
-3.1%
1Y
0.4%

UNP: Merger Synergies And Rail Infrastructure Resilience Will Shape Forward Outlook

The updated analyst price target for Union Pacific edges higher, with our fair value estimate moving from $266.08 to $272.21 as analysts factor in potential cost synergies from the proposed Norfolk Southern merger, sustained operating performance across the rail group, and the appeal of hard to replicate rail infrastructure. Analyst Commentary Recent Street research on Union Pacific clusters around two big themes: the proposed Norfolk Southern merger and the value the market places on irreplaceable rail infrastructure.
RXO
US$13.23
RXO
7D
9.2%
1Y
-28.8%

RXO: Supply Side Recovery And Credit Strain Will Limit Future Upside

Analysts have raised their RXO price targets to a range of roughly $11 to $17, citing tighter truckload capacity, improving spot rates, and early indications that contract renewals and regulatory enforcement could support a healthier freight environment over the next couple of years. Analyst Commentary Street research on RXO has shifted into a fairly tight band of expectations, with price targets clustering in the low to mid teens.
KNX
US$53.28
Knight-Swift Transportation Holdings
7D
2.6%
1Y
19.9%

KNX: Tightening Truckload Supply And Higher Spot Rates Will Support Upside

The analyst fair value estimate for Knight-Swift Transportation Holdings has been raised to $75 from $70. This reflects how analysts are weighing higher truckload spot rates, tighter capacity, and mixed but generally more constructive price target revisions across recent research.
ARCB
US$87.58
ArcBest
7D
3.2%
1Y
22.2%

ARCB: Tighter Trucking Capacity Will Limit Upside As Execution Risks Persist

Analysts have raised their fair value estimate for ArcBest to $81 from $64, citing higher Street price targets and views that its physical transportation network and tighter trucking capacity support stronger revenue growth, margins, and a modestly higher future P/E assumption. Analyst Commentary Recent Street research on ArcBest has generally trended toward higher price targets, but you should not ignore areas where investors see risks.
NSC
US$281.09
Norfolk Southern
7D
-2.9%
1Y
21.3%

NSC: Merger Synergies And Rail Corridor Expansion Will Shape Balanced Future Outlook

Analysts have nudged their blended fair value estimate for Norfolk Southern higher to roughly $313 per share, reflecting modestly adjusted assumptions on growth, margins and P/E multiples. They also highlight potential merger related synergies with Union Pacific and the appeal of rail infrastructure as a long lived, hard to replicate asset base.
UHAL
US$42.19
U-Haul Holding
7D
-8.0%
1Y
-32.5%