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U.S. Transportation Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies49
  • 7D1.3%
  • 3M-0.4%
  • 1Y7.9%
  • YTD1.4%

In the last week, Transportation has been flat. As for the the longer term, the industry is up 4.6% over the past 12 months. As for the next few years, earnings are expected to grow by 9.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026US$627.4bUS$228.4bUS$33.1b37.1x18.9x2.7x
Thu, 01 Jan 2026US$629.1bUS$228.4bUS$33.3b30.6x18.9x2.8x
Sat, 29 Nov 2025US$625.4bUS$228.0bUS$33.3b26.8x18.8x2.7x
Mon, 27 Oct 2025US$639.9bUS$223.9bUS$29.2b26.3x21.9x2.9x
Wed, 24 Sep 2025US$656.7bUS$223.7bUS$29.7b23.4x22.1x2.9x
Fri, 22 Aug 2025US$638.2bUS$222.5bUS$30.1b26.8x21.2x2.9x
Sun, 20 Jul 2025US$635.3bUS$219.6bUS$29.8b25.3x21.3x2.9x
Tue, 17 Jun 2025US$598.5bUS$219.1bUS$29.6b25.9x20.2x2.7x
Thu, 15 May 2025US$620.8bUS$218.8bUS$29.6b28.6x21x2.8x
Sat, 12 Apr 2025US$538.7bUS$216.8bUS$26.5b24.2x20.3x2.5x
Mon, 10 Mar 2025US$612.1bUS$216.4bUS$27.3b28.6x22.4x2.8x
Wed, 05 Feb 2025US$603.2bUS$213.0bUS$22.0b29.3x27.4x2.8x
Fri, 03 Jan 2025US$574.0bUS$213.4bUS$21.8b29.5x26.3x2.7x
Sun, 01 Dec 2024US$651.9bUS$213.3bUS$21.0b32.6x31x3.1x
Tue, 29 Oct 2024US$619.0bUS$220.6bUS$17.9b30.5x34.5x2.8x
Thu, 26 Sep 2024US$630.5bUS$220.8bUS$17.2b29.6x36.6x2.9x
Sat, 24 Aug 2024US$605.6bUS$220.1bUS$17.0b28.9x35.6x2.8x
Mon, 22 Jul 2024US$590.3bUS$216.7bUS$16.6b26.1x35.6x2.7x
Wed, 19 Jun 2024US$574.3bUS$217.0bUS$16.7b24.5x34.5x2.6x
Fri, 17 May 2024US$595.4bUS$216.3bUS$16.7b25.6x35.6x2.8x
Sun, 14 Apr 2024US$631.7bUS$214.9bUS$18.2b23.3x34.7x2.9x
Tue, 12 Mar 2024US$642.8bUS$212.9bUS$17.5b22.9x36.7x3x
Thu, 08 Feb 2024US$617.6bUS$211.5bUS$15.8b23.8x39.2x2.9x
Sat, 06 Jan 2024US$568.3bUS$216.1bUS$16.9b21.6x33.6x2.6x
Mon, 04 Dec 2023US$557.7bUS$216.1bUS$16.8b21.4x33.3x2.6x
Wed, 01 Nov 2023US$480.0bUS$214.8bUS$14.9b16.2x32.1x2.2x
Fri, 29 Sep 2023US$500.1bUS$214.2bUS$13.8b14.3x36.2x2.3x
Sun, 27 Aug 2023US$514.5bUS$214.3bUS$13.8b15x37.4x2.4x
Tue, 25 Jul 2023US$528.4bUS$215.8bUS$12.4b13.1x42.8x2.4x
Thu, 22 Jun 2023US$487.8bUS$217.0bUS$12.9b12.7x37.7x2.2x
Sat, 20 May 2023US$467.5bUS$217.5bUS$12.8b13.4x36.5x2.1x
Mon, 17 Apr 2023US$455.2bUS$221.1bUS$3.5b13.4x130.1x2.1x
Wed, 15 Mar 2023US$451.9bUS$221.0bUS$3.5b14.4x129.5x2x
Fri, 10 Feb 2023US$499.7bUS$220.2bUS$2.9b13.9x173.1x2.3x
Price to Earnings Ratio

173.1x


Total Market Cap: US$499.7bTotal Earnings: US$2.9bTotal Revenue: US$220.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 38.8x202420252026
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 18.9x which is lower than its 3-year average PE of 38.8x.
  • 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 126% 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-0.35%
Industrials1.22%
Transportation1.27%
Cargo Ground Transportation5.00%
Railroads1.82%
Trucking-1.69%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 30.3x.
    • Analysts are expecting annual earnings growth of 20.3%, which is higher than its past year's earnings decline of 19.8% per year.
  • Investors are most pessimistic about the Trucking industry, which is trading below its 3-year average of 35.5x.
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 20% per year.
  • In contrast, the Trucking industry is expected to see its earnings grow by 4.4% 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$235.231.9%
+US$2.6b		-3.2%PE19.5x
ODFL Old Dominion Freight LineUS$186.137.0%
+US$2.5b		2.2%PE36.8x
CSX CSXUS$38.392.5%
+US$1.7b		18.1%PE24.7x
XPO XPOUS$163.069.6%
+US$1.7b		26.8%PE57.7x
NSC Norfolk SouthernUS$291.451.1%
+US$725.7m		16.4%PE22.8x

Latest News

HTZ
US$4.96
Hertz Global Holdings
7D
-8.1%
1Y
21.6%
LYFT
US$17.26
Lyft
7D
-4.0%
1Y
25.0%

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.
SNDR
US$28.58
Schneider National
7D
-4.5%
1Y
-1.6%
CSX
US$38.39
CSX
7D
2.5%
1Y
18.1%
NSC
US$291.45
Norfolk Southern
7D
1.1%
1Y
16.4%
FIP
US$5.80
FTAI Infrastructure
7D
-6.5%
1Y
-13.9%
UNP
US$235.23
Union Pacific
7D
1.9%
1Y
-3.2%
UBER
US$80.84
Uber Technologies
7D
-1.4%
1Y
20.1%
JBHT
US$211.71
J.B. Hunt Transport Services
7D
3.2%
1Y
26.5%
CAR
US$115.48
Avis Budget Group
7D
-1.2%
1Y
31.7%

CAR: Future Share Repurchase Capacity And Lower P/E May Unlock Upside

Analysts now place their price target for Avis Budget Group at US$184, down from US$200, reflecting updated assumptions for revenue growth, profit margins and a lower future P/E multiple. What's in the News From July 1, 2025 to September 30, 2025, Avis Budget Group reported no share repurchases under its existing buyback program, with 0 shares repurchased for US$0 million in that period (Key Developments).
R
US$203.08
Ryder System
7D
6.6%
1Y
30.0%

R: Leadership Transition And M&A Expansion Will Support Measured Outlook Into 2027

Narrative Update: Ryder System Analyst Price Target Shift Analysts have adjusted their fair value estimate for Ryder System from about US$211.10 to roughly US$215.44, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News CEO Robert E.
SAIA
US$367.75
Saia
7D
6.1%
1Y
-21.8%

SAIA: Cost Controls And Capacity Tightness Will Shape Margins And Volume Risk

Narrative Update on Saia Analysts have lifted their blended fair value estimate for Saia to $354.95 from $326.81. This change reflects higher Street price targets that balance concerns about sub seasonal freight trends and elevated P/E multiples with expectations for tighter trucking capacity, regulation driven attrition, and ongoing network optimization into 2026.
XPO
US$163.06
XPO
7D
9.6%
1Y
26.8%

XPO: Margin Efficiency And AI Productivity Will Shape Mixed 2026 Risk Reward Profile

The analyst price target for XPO increased slightly to US$156.08 from US$151.24, as analysts point to continued margin efficiency, modestly adjusted revenue expectations, and a slightly higher assumed future P/E multiple in their updated models. Analyst Commentary Recent research on XPO reflects a mixed but engaged analyst community, with several firms revisiting their price targets and ratings as they reassess the company’s execution, margin profile, and exposure to trucking and less than truckload markets.
UHAL
US$57.21
U-Haul Holding
7D
-0.6%
1Y
-19.5%
GRAB
US$4.41
Grab Holdings
7D
-3.3%
1Y
-2.9%

GRAB: Indonesia Merger Talks Will Support Future Market Leadership

Analysts have nudged their price target for Grab Holdings slightly higher to about US$6.83 per share, citing recent upgrades, better than expected Q3 results, raised FY25 guidance, and confidence in the company's category leading position and long term growth outlook in Southeast Asia. Analyst Commentary Bullish Takeaways Bullish analysts highlight Q3 results that were better than expected, with the company beating both top and bottom line consensus, which supports their case for higher valuation multiples.
ODFL
US$186.13
Old Dominion Freight Line
7D
7.0%
1Y
2.2%

ODFL: Capacity Tightening And Buybacks Will Shape Returns Through 2026

Analysts nudged their price targets on Old Dominion Freight Line higher, lifting the fair value estimate from about $155.92 to $167.17 as they weigh tighter trucking capacity, potential margin recovery into 2026, and updated earnings models against ongoing demand and cyclicality risks. Analyst Commentary Recent research on Old Dominion Freight Line clusters around a higher fair value range, but the reasoning splits between optimism on execution into 2026 and caution on the freight cycle and earnings risk.