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U.S. Transportation Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies50
  • 7D1.5%
  • 3M-0.9%
  • 1Y10.9%
  • YTD1.0%

In the last week, the Transportation industry is up 1.5%, with Uber Technologies up 5.8%. This takes the industry's 12 month performance to a gain of 11%. As for the next few years, earnings are expected to grow by 9.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026US$636.6bUS$228.4bUS$33.3b34.2x19.1x2.8x
Thu, 11 Dec 2025US$636.4bUS$228.0bUS$33.3b32.6x19.1x2.8x
Sat, 08 Nov 2025US$627.7bUS$227.0bUS$33.0b27.7x19x2.8x
Mon, 06 Oct 2025US$664.9bUS$223.6bUS$29.7b24.1x22.4x3x
Wed, 03 Sep 2025US$632.9bUS$223.5bUS$29.7b25.2x21.3x2.8x
Fri, 01 Aug 2025US$621.1bUS$219.5bUS$29.9b26.3x20.8x2.8x
Sun, 29 Jun 2025US$627.4bUS$219.7bUS$29.8b25.2x21.1x2.9x
Tue, 27 May 2025US$600.9bUS$218.9bUS$29.7b25.5x20.2x2.7x
Thu, 24 Apr 2025US$546.3bUS$216.4bUS$26.9b24.9x20.3x2.5x
Sat, 22 Mar 2025US$584.0bUS$216.4bUS$27.3b26.6x21.4x2.7x
Mon, 17 Feb 2025US$646.3bUS$216.1bUS$27.4b29.9x23.6x3x
Wed, 15 Jan 2025US$588.2bUS$213.3bUS$21.8b28.5x26.9x2.8x
Fri, 13 Dec 2024US$607.1bUS$213.5bUS$21.9b29.8x27.8x2.8x
Sun, 10 Nov 2024US$645.8bUS$222.5bUS$20.0b33.3x32.2x2.9x
Tue, 08 Oct 2024US$615.8bUS$220.8bUS$17.2b29.6x35.7x2.8x
Thu, 05 Sep 2024US$612.4bUS$220.4bUS$17.2b29.2x35.5x2.8x
Sat, 03 Aug 2024US$579.0bUS$217.9bUS$16.2b27.2x35.7x2.7x
Mon, 01 Jul 2024US$583.2bUS$216.9bUS$16.7b25.9x35x2.7x
Wed, 29 May 2024US$573.4bUS$216.2bUS$16.7b24.9x34.3x2.7x
Fri, 26 Apr 2024US$604.2bUS$214.4bUS$17.0b23.7x35.5x2.8x
Sun, 24 Mar 2024US$644.8bUS$212.7bUS$17.5b23x36.8x3x
Tue, 20 Feb 2024US$638.8bUS$212.7bUS$17.1b23.6x37.3x3x
Thu, 18 Jan 2024US$569.4bUS$216.0bUS$16.9b21.6x33.6x2.6x
Sat, 16 Dec 2023US$578.5bUS$216.2bUS$16.8b21.5x34.5x2.7x
Mon, 13 Nov 2023US$509.9bUS$215.5bUS$16.9b20.3x30.2x2.4x
Wed, 11 Oct 2023US$510.3bUS$217.5bUS$16.6b14.6x30.8x2.3x
Fri, 08 Sep 2023US$509.4bUS$214.2bUS$13.8b14.3x37x2.4x
Sun, 06 Aug 2023US$532.4bUS$214.3bUS$13.0b15.7x40.9x2.5x
Tue, 04 Jul 2023US$504.3bUS$216.9bUS$13.0b13.1x38.9x2.3x
Thu, 01 Jun 2023US$455.1bUS$217.3bUS$12.9b13.6x35.3x2.1x
Sat, 29 Apr 2023US$450.4bUS$220.6bUS$2.9b14x157.2x2x
Mon, 27 Mar 2023US$436.0bUS$221.0bUS$3.5b12.7x124.4x2x
Wed, 22 Feb 2023US$472.6bUS$220.6bUS$2.6b13.9x178.4x2.1x
Fri, 20 Jan 2023US$487.7bUS$221.8bUS$3.3b10.9x145.7x2.2x
Price to Earnings Ratio

145.7x


Total Market Cap: US$487.7bTotal Earnings: US$3.3bTotal Revenue: US$221.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 41.2x202420252026
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 19.1x which is lower than its 3-year average PE of 41.4x.
  • 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 115% 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 Market1.24%
Industrials2.25%
Transportation1.52%
Cargo Ground Transportation4.08%
Trucking3.74%
Railroads-1.57%
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 5.3% 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$85.445.8%
+US$9.8b		30.0%PE10.7x
ODFL Old Dominion Freight LineUS$173.135.7%
+US$2.0b		-4.2%PE34.2x
KNX Knight-Swift Transportation HoldingsUS$57.185.8%
+US$508.1m		5.4%PE65.3x
JBHT J.B. Hunt Transport ServicesUS$206.852.4%
+US$459.9m		15.4%PE34.4x
SAIA SaiaUS$366.964.0%
+US$370.7m		-20.7%PE34.4x

Latest News

GRAB
US$4.85
Grab Holdings
7D
-4.7%
1Y
7.8%
RXO
US$14.75
RXO
7D
11.3%
1Y
-40.5%

RXO: AI Execution Concerns Will Restrain Benefit From 2026 Capacity Tightening

Analysts have nudged their blended price expectations for RXO higher, with our fair value estimate moving from US$10.47 to US$11.00. Recent target changes reflect cautious optimism around capacity tightening, potential truckload recovery into 2026, and the company’s AI execution, tempered by softer recent results and guidance.
YMM
US$10.47
Full Truck Alliance
7D
-9.1%
1Y
-1.8%

YMM: Order Quality Improvements Will Drive Future Margin Expansion Potential

Analysts have inched their price targets on Full Truck Alliance lower, broadly trimming expectations to a US$12 to US$14 range as they weigh Q3 results that were roughly in line with forecasts against signs of slowing order growth and near term revenue deceleration. Analyst Commentary Recent Street research reflects a more cautious stance on near term growth, but many bullish analysts are still highlighting areas where they see execution holding up and the long term story intact.
FIP
US$4.93
FTAI Infrastructure
7D
-1.2%
1Y
-38.7%

FIP: Improved Margins And Growth Assumptions Will Support Strong Future Upside

Analysts have modestly adjusted their price target on FTAI Infrastructure, citing updated assumptions around discount rates, revenue growth of about 43.33% and profit margins of about 5.22%, along with a slightly lower future P/E of about 23.28x. Valuation Changes Fair Value: Kept unchanged at a narrative value of 10.0 and an updated value of 10.0, indicating no revision in the core estimate.
CAR
US$128.52
Avis Budget Group
7D
-0.5%
1Y
53.5%

CAR: Premium Margins And New Airport Service Will Support Upside Potential

Analysts have nudged their price target on Avis Budget Group slightly higher to about US$144 from roughly US$143, citing updated assumptions that reflect a modestly stronger profit margin outlook and a slightly lower future P/E multiple in their models. What's in the News From July 1, 2025 to September 30, 2025, Avis Budget Group reported no share repurchases, with 0 shares bought back for US$0 under its existing program.
UNP
US$228.44
Union Pacific
7D
-1.5%
1Y
0.7%

UNP: Merger Review And Regulatory Overhang Will Set Stage For Future Upside

Analysts have trimmed their Union Pacific fair value estimate slightly to about US$260 from roughly US$260.50. This reflects a lower blended Street price target as some factor in cautious views on the proposed Norfolk Southern merger, softer freight trends, a modestly higher discount rate, and only small changes to long term growth, margin, and P/E assumptions.
KNX
US$57.18
Knight-Swift Transportation Holdings
7D
5.8%
1Y
5.4%

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
4.0%
1Y
-20.7%

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
2.4%
1Y
15.4%
UBER
US$85.44
Uber Technologies
7D
5.8%
1Y
30.0%

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
1.1%
1Y
8.2%

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
5.7%
1Y
-4.2%
NSC
US$287.21
Norfolk Southern
7D
-0.2%
1Y
21.0%

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
-2.0%
1Y
10.4%

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.
MRT
US$2.21
Marti Technologies
7D
-4.3%
1Y
-35.9%
UHAL
US$54.80
U-Haul Holding
7D
3.4%
1Y
-19.0%