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U.S. Transportation Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies50
  • 7D0.9%
  • 3M-0.2%
  • 1Y11.7%
  • YTD0.9%

Last week, the Transportation industry hasn't moved much but Uber Technologies is up 3.1% in that time. As for the the longer term, the industry is up 12% over the past 12 months. Earnings are forecast to grow by 9.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026US$642.9bUS$228.4bUS$33.3b34.2x19.3x2.8x
Mon, 08 Dec 2025US$650.7bUS$228.0bUS$33.3b31x19.5x2.9x
Wed, 05 Nov 2025US$654.8bUS$226.4bUS$33.0b27.6x19.8x2.9x
Fri, 03 Oct 2025US$656.3bUS$223.6bUS$29.7b23.9x22.1x2.9x
Sun, 31 Aug 2025US$632.9bUS$223.6bUS$29.7b25.3x21.3x2.8x
Tue, 29 Jul 2025US$641.6bUS$219.5bUS$29.8b26.8x21.5x2.9x
Thu, 26 Jun 2025US$623.9bUS$219.1bUS$29.6b25.6x21.1x2.8x
Sat, 24 May 2025US$603.3bUS$218.9bUS$29.7b25.5x20.3x2.8x
Mon, 21 Apr 2025US$550.4bUS$216.4bUS$26.3b24.6x21x2.5x
Wed, 19 Mar 2025US$588.9bUS$216.4bUS$27.3b25.8x21.6x2.7x
Fri, 14 Feb 2025US$642.8bUS$215.9bUS$27.4b30.2x23.5x3x
Sun, 12 Jan 2025US$581.0bUS$213.2bUS$21.8b27.7x26.6x2.7x
Tue, 10 Dec 2024US$618.4bUS$213.6bUS$21.9b31x28.3x2.9x
Thu, 07 Nov 2024US$624.9bUS$222.1bUS$20.4b33.4x30.7x2.8x
Sat, 05 Oct 2024US$610.7bUS$220.7bUS$17.2b28.6x35.4x2.8x
Mon, 02 Sep 2024US$615.7bUS$220.2bUS$17.0b27.7x36.2x2.8x
Wed, 31 Jul 2024US$586.7bUS$217.7bUS$17.2b28.5x34.1x2.7x
Fri, 28 Jun 2024US$575.9bUS$216.9bUS$16.7b25.8x34.6x2.7x
Sun, 26 May 2024US$573.4bUS$216.2bUS$16.7b24.8x34.3x2.7x
Tue, 23 Apr 2024US$596.1bUS$214.5bUS$18.0b23x33.1x2.8x
Thu, 21 Mar 2024US$631.1bUS$212.8bUS$17.5b22.7x36x3x
Sat, 17 Feb 2024US$650.9bUS$212.7bUS$17.1b23.6x38x3.1x
Mon, 15 Jan 2024US$578.6bUS$216.0bUS$16.9b21.6x34.2x2.7x
Wed, 13 Dec 2023US$563.7bUS$216.0bUS$16.8b21.4x33.6x2.6x
Fri, 10 Nov 2023US$503.8bUS$215.4bUS$16.6b20x30.3x2.3x
Sun, 08 Oct 2023US$498.4bUS$217.5bUS$16.6b14.3x30.1x2.3x
Tue, 05 Sep 2023US$526.7bUS$214.3bUS$13.7b14.8x38.3x2.5x
Thu, 03 Aug 2023US$539.7bUS$214.9bUS$13.2b15.5x40.9x2.5x
Sat, 01 Jul 2023US$501.9bUS$216.8bUS$13.0b13x38.7x2.3x
Mon, 29 May 2023US$459.5bUS$217.4bUS$12.9b13.7x35.6x2.1x
Wed, 26 Apr 2023US$445.2bUS$220.9bUS$3.5b13.8x125.8x2x
Fri, 24 Mar 2023US$436.3bUS$221.3bUS$3.4b12.7x126.5x2x
Sun, 19 Feb 2023US$485.3bUS$220.6bUS$2.6b14.2x183.3x2.2x
Tue, 17 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 41.6x202420252026
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 19.3x which is lower than its 3-year average PE of 41.6x.
  • 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 Market1.82%
Industrials3.32%
Transportation0.94%
Cargo Ground Transportation5.93%
Trucking1.02%
Railroads-1.55%
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 19.8%, 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 34.8x.
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 5.2% 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$85.443.1%
+US$5.4b		29.5%PE10.7x
ODFL Old Dominion Freight LineUS$173.138.8%
+US$2.9b		-1.9%PE34.2x
JBHT J.B. Hunt Transport ServicesUS$206.855.1%
+US$958.8m		18.7%PE34.4x
XPO XPOUS$146.735.7%
+US$932.0m		9.3%PE51.9x
UHAL U-Haul HoldingUS$54.808.4%
+US$833.3m		-18.1%PE46.2x

Latest News

SNDR
US$28.89
Schneider National
7D
7.1%
1Y
2.2%
KNX
US$57.18
Knight-Swift Transportation Holdings
7D
9.5%
1Y
9.2%

KNX: Tighter Truckload Capacity Into 2026 Will Support Upside Potential

Analysts have lifted their fair value estimate for Knight-Swift Transportation Holdings to $70.00 from $66.05, reflecting higher price targets across the Street as they factor in a potential truckload supply recovery, tighter capacity into 2026, and a willingness to apply a richer future P/E multiple, even while using more measured assumptions for revenue growth and profit margins. Analyst Commentary Bullish analysts are leaning into a tighter truckload capacity setup into 2026, and that is coming through in higher valuation markers for Knight-Swift.
SAIA
US$366.96
Saia
7D
8.8%
1Y
-18.6%

SAIA: Tighter LTL Capacity Into 2026 Will Support Margin Expansion

Narrative Update The analyst price target for Saia has moved from US$405 to US$431, as analysts cite a tighter capacity setup into 2026, improved margin expectations, and recent rating upgrades that offset more cautious views from some peers. Analyst Commentary Recent research on Saia shows a split tape, with some bullish analysts lifting price targets and ratings, while others turn more cautious on near term freight trends and sector valuations.
JBHT
US$206.85
J.B. Hunt Transport Services
7D
5.1%
1Y
18.7%
UBER
US$85.44
Uber Technologies
7D
3.1%
1Y
29.5%

UBER: Autonomous Partnerships And AI Are Expected To Support Long Term Margins

Analysts have nudged their fair value estimate for Uber slightly lower to about $111, reflecting modestly higher discount-rate assumptions. They continue to highlight AI driven revenue opportunities, ongoing autonomous vehicle partnerships, and a focus on long term margins and capital allocation in recent price target updates across the Street.
XPO
US$146.73
XPO
7D
5.7%
1Y
9.3%

XPO: AI Productivity And Margin Expansion Will Drive Next Freight Upcycle Outperformance

Analysts have modestly lifted their price targets on XPO, with a roughly $7 to $16 range of increases across recent reports. They highlight improving margins, better than expected tonnage trends, and potential for further productivity gains, even as some now see a more challenging path for trucking stocks overall.
ODFL
US$173.13
Old Dominion Freight Line
7D
8.8%
1Y
-1.9%
GRAB
US$4.85
Grab Holdings
7D
-4.5%
1Y
8.0%

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$191.51
Ryder System
7D
-1.4%
1Y
23.9%

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$287.21
Norfolk Southern
7D
-0.2%
1Y
22.8%

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).
CSX
US$35.20
CSX
7D
-3.0%
1Y
10.8%

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.
LYFT
US$19.21
Lyft
7D
-2.9%
1Y
48.0%

LYFT: Expanding Rideshare Partnerships Will Support Stronger Marketplace And Earnings Outlook

The analyst fair value estimate for Lyft has increased slightly to $32.00 from $31.78, as analysts highlight a series of price target raises based on improving rides growth, a more robust gross bookings outlook into 2026, and clearer execution progress under the current strategy, despite still mixed near term profitability trends. Analyst Commentary Bullish analysts continue to lift their price targets on Lyft, citing a combination of improving rides growth, stronger gross bookings guidance, and clearer strategic execution under the current leadership team.
YMM
US$10.47
Full Truck Alliance
7D
-6.9%
1Y
0.6%

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
UNP
US$228.44
Union Pacific
7D
-1.5%
1Y
1.4%
MRT
US$2.21
Marti Technologies
7D
-4.7%
1Y
-37.6%
UHAL
US$54.80
U-Haul Holding
7D
8.4%
1Y
-18.1%