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U.S. Transportation Industry Analysis

UpdatedMar 30, 2026
DataAggregated Company Financials
Companies49
  • 7D-0.2%
  • 3M-4.1%
  • 1Y6.0%
  • YTD-4.1%

Over the last 7 days, the Transportation industry has remained flat, although notably CSX gained 3.9%. The past year has been better, since the industry has gained 6.0% in that time. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Mar 2026US$601.1bUS$231.7bUS$29.3b34.3x20.5x2.6x
Wed, 25 Feb 2026US$648.6bUS$231.0bUS$29.1b36.2x22.3x2.8x
Fri, 23 Jan 2026US$637.0bUS$228.4bUS$33.2b33.8x19.2x2.8x
Sun, 21 Dec 2025US$622.8bUS$228.1bUS$33.3b30x18.7x2.7x
Tue, 18 Nov 2025US$625.8bUS$227.1bUS$33.0b25.7x18.9x2.8x
Thu, 16 Oct 2025US$645.1bUS$223.7bUS$29.7b25.1x21.7x2.9x
Sat, 13 Sep 2025US$639.4bUS$223.6bUS$29.7b24.3x21.5x2.9x
Mon, 11 Aug 2025US$618.7bUS$222.4bUS$30.1b25.2x20.6x2.8x
Wed, 09 Jul 2025US$645.2bUS$219.7bUS$29.8b26.2x21.7x2.9x
Fri, 06 Jun 2025US$596.6bUS$219.1bUS$29.6b25x20.2x2.7x
Sun, 04 May 2025US$578.0bUS$216.3bUS$27.0b24.3x21.4x2.7x
Tue, 01 Apr 2025US$577.5bUS$216.4bUS$27.3b25.9x21.2x2.7x
Thu, 27 Feb 2025US$611.2bUS$216.2bUS$27.4b28.3x22.3x2.8x
Sat, 25 Jan 2025US$619.1bUS$213.2bUS$21.8b29.7x28.4x2.9x
Mon, 23 Dec 2024US$576.9bUS$213.4bUS$21.9b28.4x26.4x2.7x
Wed, 20 Nov 2024US$625.6bUS$213.2bUS$20.9b31.3x29.9x2.9x
Fri, 18 Oct 2024US$647.2bUS$220.3bUS$17.3b30.7x37.5x2.9x
Sun, 15 Sep 2024US$607.9bUS$220.5bUS$17.2b29.5x35.3x2.8x
Tue, 13 Aug 2024US$585.9bUS$219.7bUS$16.9b26.5x34.7x2.7x
Thu, 11 Jul 2024US$571.1bUS$216.9bUS$16.7b24.3x34.3x2.6x
Sat, 08 Jun 2024US$577.5bUS$217.0bUS$16.7b25.1x34.6x2.7x
Mon, 06 May 2024US$596.0bUS$214.3bUS$16.9b25.3x35.2x2.8x
Wed, 03 Apr 2024US$635.2bUS$214.9bUS$18.2b23.2x34.9x3x
Fri, 01 Mar 2024US$641.4bUS$212.8bUS$17.5b24.3x36.7x3x
Sun, 28 Jan 2024US$588.4bUS$215.6bUS$16.3b22.3x36x2.7x
Tue, 26 Dec 2023US$586.6bUS$216.2bUS$16.8b21.6x34.9x2.7x
Thu, 23 Nov 2023US$534.2bUS$215.9bUS$16.8b21.3x31.8x2.5x
Sat, 21 Oct 2023US$493.1bUS$215.8bUS$15.7b14.7x31.4x2.3x
Mon, 18 Sep 2023US$515.8bUS$214.3bUS$13.7b14.7x37.6x2.4x
Wed, 16 Aug 2023US$517.0bUS$214.0bUS$13.3b15.1x39x2.4x
Fri, 14 Jul 2023US$518.6bUS$217.1bUS$12.9b13.2x40.2x2.4x
Sun, 11 Jun 2023US$477.0bUS$217.2bUS$12.9b13x37x2.2x
Tue, 09 May 2023US$471.6bUS$217.7bUS$12.2b14.5x38.5x2.2x
Thu, 06 Apr 2023US$444.9bUS$221.0bUS$3.5b12.9x126.7x2x
Price to Earnings Ratio

126.7x


Total Market Cap: US$444.9bTotal Earnings: US$3.5bTotal Revenue: US$221.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 32.3x202420252026
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 20.5x which is lower than its 3-year average PE of 32.4x.
  • 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-1.89%
Industrials-0.94%
Transportation-0.23%
Cargo Ground Transportation3.46%
Railroads2.04%
Trucking-6.20%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 31.1x.
    • Analysts are expecting annual earnings growth of 19.7%, 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 37.2x.
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 18% per year.
  • In contrast, the Railroads industry is expected to see its earnings grow by 6.7% 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
CSX CSXUS$39.673.9%
+US$2.8b		36.3%PE25.5x
UNP Union PacificUS$238.791.6%
+US$2.4b		2.9%PE19.9x
CAR Avis Budget GroupUS$148.4548.6%
+US$1.7b		98.8%PS0.4x
ODFL Old Dominion Freight LineUS$188.342.4%
+US$921.2m		14.2%PE38.3x
XPO XPOUS$189.054.0%
+US$843.5m		76.5%PE70.1x

Latest News

CAR
US$148.45
Avis Budget Group
7D
48.6%
1Y
98.8%
TOPP
US$0.74
Toppoint Holdings
7D
-6.7%
1Y
-43.7%
UBER
US$69.18
Uber Technologies
7D
-6.4%
1Y
-4.9%

UBER: Expanding Autonomous Partnerships Will Support Long Term Upside Potential

Uber's updated analyst price target edged slightly lower to about $104, with analysts citing refined assumptions on discount rate, profit margin and future P/E as they weigh recent commentary on autonomous vehicle partnerships, competitive AV supply and broader sector multiple resets. Analyst Commentary Recent research on Uber frames a fairly clear debate around how quickly the company can execute on autonomous vehicles, how durable its core Mobility growth can be into 2026, and what P/E or cash flow multiple is appropriate as estimates and sector sentiment reset.
UNP
US$238.79
Union Pacific
7D
1.6%
1Y
2.9%
YMM
US$8.07
Full Truck Alliance
7D
-2.8%
1Y
-37.4%

YMM: Governance And Dividend Initiatives Will Support Returns Into 2026

Narrative Update on Full Truck Alliance The updated analyst price target for Full Truck Alliance has been reduced from $14.52 to $12.40 as analysts factor in recent downgrades, softer revenue growth assumptions, and ongoing regulatory and macro headwinds that they believe limit near term catalysts. Analyst Commentary Recent Street research has shifted more cautious on Full Truck Alliance, with multiple downgrades and trimmed price targets reflecting concerns about execution risk and limited visibility on new growth drivers.
CSX
US$39.67
CSX
7D
3.9%
1Y
36.3%
NSC
US$283.25
Norfolk Southern
7D
0.8%
1Y
22.9%

NSC: Merger Synergies And Rail Expansion Will Drive Future Infrastructure Appeal

Analysts have nudged the Norfolk Southern fair value estimate up by about $1 to roughly $314, reflecting slightly higher target multiples and continued focus on long lived rail infrastructure as well as potential merger related synergies highlighted in recent research. Analyst Commentary Recent research on Norfolk Southern reflects a mix of optimism and caution as analysts adjust targets and ratings around the proposed Union Pacific transaction and the broader appeal of rail infrastructure.
WETO
US$0.45
Wetour Robotics
7D
-42.9%
1Y
-88.6%
XPO
US$189.05
XPO
7D
4.0%
1Y
76.5%

XPO: Freight Cycle Weakness Will Test Lofty Earnings Expectations

The analyst price target for XPO has been raised from $105.46 to $134.88, reflecting analysts' updated views on faster revenue growth, higher profit margins, and more supportive sector research commentary around less than truckload carriers and transportation networks. Analyst Commentary Recent Street research around XPO shows a clear split between more optimistic views tied to less than truckload fundamentals and efficiency initiatives, and a growing pocket of caution around valuation, earnings risk, and the freight cycle.
JBHT
US$205.59
J.B. Hunt Transport Services
7D
2.8%
1Y
40.7%

JBHT: Freight Cycle Recovery And Capital Returns Will Test Current Expectations

J.B. Hunt's analyst price target edges higher to $211, as analysts factor in a modest tweak to the discount rate and reference a broad wave of target increases that link the stock to an ongoing freight cycle recovery in transportation equities. Analyst Commentary Recent research on J.B. Hunt shows a cluster of higher price targets alongside a mix of optimism on the freight recovery and caution about how much good news is already reflected in the shares.
ODFL
US$188.34
Old Dominion Freight Line
7D
2.4%
1Y
14.2%

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$12.86
Lyft
7D
-4.5%
1Y
11.1%

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.
UHAL
US$45.69
U-Haul Holding
7D
8.3%
1Y
-29.6%
BTOC
US$0.26
Armlogi Holding
7D
-11.8%
1Y
-74.7%
RYDE
US$0.49
Ryde Group
7D
-7.5%
1Y
83.2%
ZDAI
US$3.68
DirectBooking Technology
7D
-3.4%
1Y
-56.6%