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U.S. Transportation Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies49
  • 7D4.6%
  • 3M2.5%
  • 1Y6.8%
  • YTD4.1%

In the last week, the Transportation industry is up 4.6%, with Union Pacific up 7.5%. During this same period, the Uber Technologies underperformed, falling 6.6%. This means that the industry has gained 6.8% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026US$656.3bUS$230.6bUS$26.3b40.1x24.9x2.8x
Tue, 06 Jan 2026US$628.2bUS$228.4bUS$33.3b32.4x18.9x2.8x
Thu, 04 Dec 2025US$640.5bUS$228.0bUS$33.3b30.6x19.2x2.8x
Sat, 01 Nov 2025US$646.4bUS$224.1bUS$29.1b26.9x22.2x2.9x
Mon, 29 Sep 2025US$660.5bUS$223.6bUS$29.7b23.5x22.2x3x
Wed, 27 Aug 2025US$636.7bUS$222.6bUS$30.2b27.4x21.1x2.9x
Fri, 25 Jul 2025US$643.3bUS$219.7bUS$29.6b26x21.7x2.9x
Sun, 22 Jun 2025US$596.1bUS$219.1bUS$29.6b25.7x20.2x2.7x
Tue, 20 May 2025US$626.3bUS$218.7bUS$29.6b27x21.2x2.9x
Thu, 17 Apr 2025US$546.6bUS$216.7bUS$26.5b23.7x20.6x2.5x
Sat, 15 Mar 2025US$570.9bUS$216.4bUS$27.3b26.9x20.9x2.6x
Mon, 10 Feb 2025US$625.2bUS$215.5bUS$27.3b29.3x22.9x2.9x
Wed, 08 Jan 2025US$594.0bUS$213.3bUS$21.8b28.9x27.2x2.8x
Fri, 06 Dec 2024US$640.6bUS$213.6bUS$21.9b29.4x29.3x3x
Sun, 03 Nov 2024US$615.7bUS$222.4bUS$20.4b31.1x30.2x2.8x
Tue, 01 Oct 2024US$626.2bUS$220.8bUS$17.2b30.5x36.3x2.8x
Thu, 29 Aug 2024US$608.0bUS$220.1bUS$17.0b27.6x35.8x2.8x
Sat, 27 Jul 2024US$583.0bUS$217.6bUS$17.2b28.5x33.9x2.7x
Mon, 24 Jun 2024US$579.5bUS$217.0bUS$16.7b25x34.8x2.7x
Wed, 22 May 2024US$586.7bUS$216.2bUS$16.7b25.1x35.1x2.7x
Fri, 19 Apr 2024US$598.8bUS$214.6bUS$18.0b22.3x33.2x2.8x
Sun, 17 Mar 2024US$631.0bUS$212.8bUS$17.5b22.4x36x3x
Tue, 13 Feb 2024US$618.0bUS$212.7bUS$16.6b25x37.2x2.9x
Thu, 11 Jan 2024US$571.4bUS$216.0bUS$16.9b21.6x33.7x2.6x
Sat, 09 Dec 2023US$559.4bUS$216.1bUS$16.8b21.4x33.4x2.6x
Mon, 06 Nov 2023US$500.8bUS$214.5bUS$14.9b20.3x33.7x2.3x
Wed, 04 Oct 2023US$497.5bUS$217.5bUS$16.6b14.3x30x2.3x
Fri, 01 Sep 2023US$522.0bUS$214.4bUS$13.7b14.7x38x2.4x
Sun, 30 Jul 2023US$542.6bUS$214.0bUS$10.3b14.4x52.7x2.5x
Tue, 27 Jun 2023US$491.0bUS$216.9bUS$12.9b12.8x37.9x2.3x
Thu, 25 May 2023US$455.4bUS$217.4bUS$12.9b13.6x35.3x2.1x
Sat, 22 Apr 2023US$458.3bUS$221.0bUS$3.5b14.2x130.9x2.1x
Mon, 20 Mar 2023US$323.6bUS$125.1b-US$3,710,781,150.0014.2x-87.2x2.6x
Wed, 15 Feb 2023US$503.4bUS$220.2bUS$2.6b15.6x194.2x2.3x
Price to Earnings Ratio

194.2x


Total Market Cap: US$503.4bTotal Earnings: US$2.6bTotal Revenue: US$220.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 38.2x202420252026
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 24.9x which is lower than its 3-year average PE of 38.2x.
  • 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 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-0.071%
Industrials4.76%
Transportation4.60%
Cargo Ground Transportation14.43%
Railroads6.94%
Trucking-4.85%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 30.4x.
    • Analysts are expecting annual earnings growth of 21.2%, 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 35.7x.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 21% 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 9.1% 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$252.627.5%
+US$10.5b		4.4%PE21x
XPO XPOUS$203.6137.5%
+US$6.5b		37.4%PE75.5x
ODFL Old Dominion Freight LineUS$202.4716.9%
+US$6.1b		2.7%PE41.4x
CSX CSXUS$40.617.5%
+US$5.3b		24.6%PE26.2x
NSC Norfolk SouthernUS$306.485.2%
+US$3.4b		23.0%PE23.9x

Latest News

R
US$217.50
Ryder System
7D
13.7%
1Y
37.7%
SLGB
US$1.60
Smart Logistics Global
7D
-27.3%
1Y
n/a
XPO
US$203.61
XPO
7D
37.5%
1Y
37.4%
ODFL
US$202.47
Old Dominion Freight Line
7D
16.9%
1Y
2.7%
UBER
US$74.77
Uber Technologies
7D
-6.6%
1Y
0.2%
SAIA
US$415.46
Saia
7D
24.1%
1Y
-15.1%

SAIA: Elevated Mid Cycle P/E Multiples Will Pressure Long Term Upside Potential

Our analyst price target for Saia now sits at $354.95, a modest refinement that reflects a blend of higher Street targets from firms lifting views into the $326 to $431 range, along with more cautious voices flagging rich mid cycle P/E multiples and earnings risk if recent volume trends extend beyond the first half of 2026. Analyst Commentary Street research on Saia is split, with several price target increases clustered between roughly $326 and $431, while a group of more cautious voices stresses execution and valuation risks tied to 2026 and 2027 expectations.
UNP
US$252.62
Union Pacific
7D
7.5%
1Y
4.4%
UHAL
US$49.92
U-Haul Holding
7D
-11.7%
1Y
-29.3%
NSC
US$306.48
Norfolk Southern
7D
5.2%
1Y
23.0%

NSC: Merger Scrutiny And Corridor Expansion Will Shape Fairly Valued Outlook

Analysts have trimmed their price targets on Norfolk Southern by about $4 per share, reflecting slightly lower fair value estimates even as they factor in marginally higher revenue growth expectations, a modestly softer profit margin outlook, and small adjustments to discount rate and future P/E assumptions following recent sector research. Analyst Commentary Recent research on Norfolk Southern clusters around two main themes, where price target cuts are balanced against prior target increases and broader views on the proposed Union Pacific tie up and the freight rail backdrop.
GRAB
US$4.27
Grab Holdings
7D
-0.7%
1Y
-10.9%

GRAB: Indonesia Merger Talks And Q3 Execution Will Drive Future Leadership

Narrative Update The updated analyst price target for Grab Holdings edges lower to approximately $6.80 from about $6.83, as analysts factor in a slightly higher discount rate and a marginally lower future P/E multiple, while keeping their core growth and margin assumptions broadly unchanged. Analyst Commentary Recent research on Grab Holdings highlights a mix of optimism around execution and growth, alongside some caution around valuation and the path forward.
CSX
US$40.61
CSX
7D
7.5%
1Y
24.6%
JBHT
US$227.91
J.B. Hunt Transport Services
7D
12.4%
1Y
37.2%
LYFT
US$16.46
Lyft
7D
-2.4%
1Y
16.2%

LYFT: Expanding Rideshare Partnerships Will Support Healthier Marketplace And Profitability Profile

Analysts have adjusted their Lyft price targets in a tight range, with some pulling back from prior highs and others lifting forecasts into the low to mid US$20s and up to US$32. This reflects mixed Q3 results, a more constructive view on execution, and differing opinions on how growth and profitability might balance into 2026.
ZDAI
US$0.46
DirectBooking Technology
7D
-9.7%
1Y
-42.3%
RYDE
US$0.28
Ryde Group
7D
-6.4%
1Y
-20.9%
SWVL
US$1.48
Swvl Holdings
7D
-18.2%
1Y
-71.5%