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U.S. Transportation Industry Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies49
  • 7D0.8%
  • 3M-0.7%
  • 1Y23.1%
  • YTD-0.4%

Last week, the Transportation industry hasn't moved much but Avis Budget Group is up 75% in that time. The past year has been better, since the industry has gained 23% 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
Wed, 08 Apr 2026US$626.7bUS$232.0bUS$29.3b38.4x21.4x2.7x
Fri, 06 Mar 2026US$672.2bUS$231.1bUS$29.1b36.4x23.1x2.9x
Sun, 01 Feb 2026US$627.4bUS$228.4bUS$33.1b34.3x18.9x2.7x
Tue, 30 Dec 2025US$630.5bUS$228.3bUS$33.3b31x18.9x2.8x
Thu, 27 Nov 2025US$614.3bUS$227.3bUS$33.2b26.7x18.5x2.7x
Sat, 25 Oct 2025US$641.4bUS$223.9bUS$29.2b26.3x22x2.9x
Mon, 22 Sep 2025US$650.8bUS$223.7bUS$29.7b24.2x21.9x2.9x
Wed, 20 Aug 2025US$633.7bUS$222.5bUS$30.1b27.3x21x2.8x
Fri, 18 Jul 2025US$634.9bUS$219.6bUS$29.8b25.6x21.3x2.9x
Sun, 15 Jun 2025US$597.9bUS$219.1bUS$29.6b25.7x20.2x2.7x
Tue, 13 May 2025US$576.0bUS$218.8bUS$29.6b26.3x19.5x2.6x
Thu, 10 Apr 2025US$513.0bUS$216.7bUS$26.5b26.1x19.4x2.4x
Sat, 08 Mar 2025US$605.9bUS$216.4bUS$27.3b28.6x22.2x2.8x
Mon, 03 Feb 2025US$610.2bUS$213.0bUS$22.0b29.7x27.7x2.9x
Wed, 01 Jan 2025US$574.6bUS$213.4bUS$21.9b28.5x26.3x2.7x
Fri, 29 Nov 2024US$652.1bUS$213.3bUS$21.0b32.7x31.1x3.1x
Sun, 27 Oct 2024US$619.0bUS$220.6bUS$17.9b30x34.5x2.8x
Tue, 24 Sep 2024US$615.7bUS$220.7bUS$17.2b29x35.7x2.8x
Thu, 22 Aug 2024US$607.3bUS$219.9bUS$17.0b28.7x35.8x2.8x
Sat, 20 Jul 2024US$589.1bUS$216.7bUS$16.6b26.1x35.5x2.7x
Mon, 17 Jun 2024US$571.3bUS$217.0bUS$16.7b24.6x34.3x2.6x
Wed, 15 May 2024US$593.8bUS$216.1bUS$16.6b25.5x35.8x2.7x
Fri, 12 Apr 2024US$624.9bUS$214.9bUS$18.2b23.5x34.3x2.9x
Sun, 10 Mar 2024US$645.3bUS$212.9bUS$17.5b22.6x36.8x3x
Tue, 06 Feb 2024US$606.1bUS$211.7bUS$16.3b23.6x37.3x2.9x
Thu, 04 Jan 2024US$569.2bUS$216.1bUS$16.9b21.6x33.6x2.6x
Sat, 02 Dec 2023US$542.6bUS$216.1bUS$16.8b21.3x32.3x2.5x
Mon, 30 Oct 2023US$467.0bUS$214.7bUS$14.9b16x31.3x2.2x
Wed, 27 Sep 2023US$494.4bUS$214.2bUS$13.7b14.3x36x2.3x
Fri, 25 Aug 2023US$515.0bUS$214.3bUS$13.7b15x37.5x2.4x
Sun, 23 Jul 2023US$526.5bUS$215.8bUS$12.4b13x42.6x2.4x
Tue, 20 Jun 2023US$492.8bUS$217.2bUS$12.9b12.9x38.2x2.3x
Thu, 18 May 2023US$467.2bUS$217.2bUS$12.6b14.3x37x2.2x
Sat, 15 Apr 2023US$455.1bUS$221.1bUS$3.5b13.4x130.1x2.1x
Price to Earnings Ratio

130.1x


Total Market Cap: US$455.1bTotal Earnings: US$3.5bTotal Revenue: US$221.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 31.4x202420252026
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 21.4x which is lower than its 3-year average PE of 31.4x.
  • 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 Market1.21%
Industrials1.45%
Transportation0.78%
Cargo Ground Transportation2.56%
Railroads1.09%
Trucking-1.12%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 31.3x.
    • Analysts are expecting annual earnings growth of 20.0%, 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 37.4x.
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 7.0% 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
CAR Avis Budget GroupUS$255.1574.9%
+US$3.9b		305.9%PS0.8x
UNP Union PacificUS$246.111.4%
+US$2.1b		18.2%PE20.5x
ODFL Old Dominion Freight LineUS$198.931.8%
+US$735.7m		34.1%PE40.5x
CSX CSXUS$41.420.9%
+US$688.2m		55.2%PE26.7x
XPO XPOUS$200.313.0%
+US$674.8m		119.0%PE74.3x

Latest News

XPO
US$200.31
XPO
7D
3.0%
1Y
119.0%
CSX
US$41.42
CSX
7D
0.9%
1Y
55.2%

CSX Corporation: Valuation Premium Faces Pressure From Weak Results

Apr 07
HTZ
US$5.88
Hertz Global Holdings
7D
27.5%
1Y
61.1%
CAR
US$255.15
Avis Budget Group
7D
74.9%
1Y
305.9%

CAR: Equity Offering And Margin Pressure Will Limit Future Earnings Power

Analysts have adjusted their price target on Avis Budget Group to $85.00, reflecting updated views on slightly higher revenue growth, a modestly improved profit margin outlook, and a revised future P/E assumption. What's in the News Avis Budget Group filed a follow on equity offering of $5 million in common stock, structured as an at the market offering (Key Developments).
JBHT
US$217.71
J.B. Hunt Transport Services
7D
2.0%
1Y
53.7%

JBHT: Freight Recovery And Capital Returns Will Shape Future Cycle Expectations

Narrative Update on J.B. Hunt Transport Services The analyst price target for J.B. Hunt Transport Services has moved slightly higher to $211.87 from $211.17, as analysts balance a series of recent target increases across the Street with mixed views on the timing and strength of a broader freight recovery. Analyst Commentary Recent research shows a mix of optimism and caution around J.B. Hunt Transport Services, with several firms revising price targets higher while a few move to the sidelines after the sector's strong move since late 2025.
SAIA
US$375.61
Saia
7D
6.9%
1Y
16.3%

SAIA: Freight Cycle Recovery And Tight Capacity Will Support Future Upside

Saia's analyst fair value estimate has moved higher from $354.95 to $395.40 as analysts incorporate stronger revenue growth assumptions, modestly different margin expectations, and higher target P/E multiples. These changes reflect a series of recent price target increases alongside a mix of upgrades and downgrades across the transport group.
GRAB
US$3.54
Grab Holdings
7D
-3.5%
1Y
-16.9%

GRAB: Buyback And foodpanda Deal Will Support Future Upside

Analysts have slightly trimmed their fair value estimate for Grab Holdings to $6.38 from $6.50, citing updated assumptions around revenue growth, profit margins and the potential EBITDA contribution from the planned foodpanda acquisition. Analyst Commentary Recent Street research around Grab Holdings has focused on the foodpanda acquisition, valuation resets and the path to higher profitability, which together help explain why some analysts are becoming more constructive while others stay cautious.
ODFL
US$198.93
Old Dominion Freight Line
7D
1.8%
1Y
34.1%
UBER
US$71.73
Uber Technologies
7D
-0.3%
1Y
10.2%
PAMT
US$8.45
PAMT
7D
-3.6%
1Y
-37.8%
SWVL
US$1.32
Swvl Holdings
7D
-6.4%
1Y
-57.0%
UNP
US$246.11
Union Pacific
7D
1.4%
1Y
18.2%
YMM
US$8.19
Full Truck Alliance
7D
-1.3%
1Y
-20.9%

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.
ETS
US$0.67
Elite Express Holding
7D
-3.8%
1Y
n/a
ELOG
US$0.90
Eastern International
7D
-7.2%
1Y
n/a