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U.S. Cargo Ground Transportation Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies33
  • 7D4.1%
  • 3M18.8%
  • 1Y-2.4%
  • YTDn/a

The Cargo Ground Transportation industry is up 4.1% in the last week, with Old Dominion Freight Line up 5.7%. Meanwhile, Full Truck Alliance actually underperformed within the industry, shrinking 9.1% in the last week. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026US$141.4bUS$86.3bUS$3.8b34.4x37.6x1.6x
Thu, 11 Dec 2025US$135.0bUS$86.2bUS$3.7b32.9x36x1.6x
Sat, 08 Nov 2025US$121.4bUS$86.1bUS$3.6b28.4x33.9x1.4x
Mon, 06 Oct 2025US$122.5bUS$85.6bUS$3.7b25.3x32.7x1.4x
Wed, 03 Sep 2025US$126.6bUS$85.6bUS$3.7b26.8x33.8x1.5x
Fri, 01 Aug 2025US$123.6bUS$84.7bUS$3.8b27.5x32.8x1.5x
Sun, 29 Jun 2025US$127.8bUS$85.0bUS$3.9b25.7x32.9x1.5x
Tue, 27 May 2025US$122.5bUS$84.9bUS$4.0b26.8x30.6x1.4x
Thu, 24 Apr 2025US$117.1bUS$84.5bUS$4.0b25.7x29.3x1.4x
Sat, 22 Mar 2025US$129.4bUS$84.5bUS$4.0b27.3x32x1.5x
Mon, 17 Feb 2025US$156.6bUS$84.4bUS$4.1b32.5x38.7x1.9x
Wed, 15 Jan 2025US$150.6bUS$83.9bUS$4.2b31.5x36.2x1.8x
Fri, 13 Dec 2024US$163.3bUS$84.0bUS$4.2b32x39.2x1.9x
Sun, 10 Nov 2024US$167.1bUS$83.7bUS$4.0b35.5x41.4x2x
Tue, 08 Oct 2024US$145.4bUS$83.9bUS$4.5b29.6x32.5x1.7x
Thu, 05 Sep 2024US$143.4bUS$83.9bUS$4.5b29.2x32.1x1.7x
Sat, 03 Aug 2024US$145.8bUS$83.9bUS$4.5b27.6x32.4x1.7x
Mon, 01 Jul 2024US$137.6bUS$83.3bUS$4.4b26.4x31.3x1.7x
Wed, 29 May 2024US$134.5bUS$83.4bUS$4.4b25.4x30.4x1.6x
Fri, 26 Apr 2024US$144.0bUS$83.3bUS$4.4b25.7x32.4x1.7x
Sun, 24 Mar 2024US$155.9bUS$85.2bUS$4.7b23.9x32.9x1.8x
Tue, 20 Feb 2024US$154.7bUS$85.2bUS$4.8b26.2x32.3x1.8x
Thu, 18 Jan 2024US$139.0bUS$88.9bUS$5.1b22.3x27.2x1.6x
Sat, 16 Dec 2023US$143.4bUS$89.0bUS$5.1b21.5x28x1.6x
Mon, 13 Nov 2023US$132.7bUS$88.9bUS$5.1b20.5x26.1x1.5x
Wed, 11 Oct 2023US$141.3bUS$91.0bUS$5.8b13.9x24.3x1.6x
Fri, 08 Sep 2023US$141.5bUS$91.0bUS$5.8b14.1x24.5x1.6x
Sun, 06 Aug 2023US$145.9bUS$91.0bUS$5.8b16.1x25.2x1.6x
Tue, 04 Jul 2023US$131.2bUS$94.4bUS$6.8b12.6x19.2x1.4x
Thu, 01 Jun 2023US$118.0bUS$94.4bUS$6.8b13.3x17.3x1.3x
Sat, 29 Apr 2023US$120.6bUS$94.6bUS$6.9b13.6x17.5x1.3x
Mon, 27 Mar 2023US$118.0bUS$95.8bUS$7.2b11.6x16.3x1.2x
Price to Earnings Ratio

16.3x


Total Market Cap: US$118.0bTotal Earnings: US$7.2bTotal Revenue: US$95.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Cargo Ground Transportation Industry Price to Earnings3Y Average 30.1x202420252026
Current Industry PE
  • Investors are optimistic on the American Cargo Ground Transportation industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 37.6x which is higher than its 3-year average PE of 30.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Cargo Ground Transportation industry have declined 20% per year over the last three years,
  • Revenues have also declined 3.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does U.S. Cargo Ground Transportation compare with similar industries?

US Market1.24%
Industrials2.25%
Transportation1.52%
Cargo Ground Transportation4.08%
Trucking3.74%
Railroads-1.57%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ODFL Old Dominion Freight LineUS$173.576.0%
+US$2.1b		-3.9%PE34.3x
KNX Knight-Swift Transportation HoldingsUS$56.755.0%
+US$438.3m		4.6%PE64.8x
UHAL U-Haul HoldingUS$55.194.1%
+US$425.5m		-18.4%PE46.5x
JBHT J.B. Hunt Transport ServicesUS$206.332.1%
+US$410.4m		15.1%PE34.3x
SAIA SaiaUS$365.683.6%
+US$336.7m		-21.0%PE34.3x

Latest News

LSTR
US$155.16
Landstar System
7D
3.0%
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$10.32
Full Truck Alliance
7D
-10.4%
1Y
-3.2%

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.
HXHX
US$0.54
Haoxin Holdings
7D
-0.9%
1Y
n/a

Haoxin Holdings Limited (NASDAQ:HXHX) Stock Catapults 31% Though Its Price And Business Still Lag The Market

Jan 10
Haoxin Holdings Limited (NASDAQ:HXHX) Stock Catapults 31% Though Its Price And Business Still Lag The Market
KNX
US$56.75
Knight-Swift Transportation Holdings
7D
5.0%
1Y
4.6%

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$365.68
Saia
7D
3.6%
1Y
-21.0%

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$206.33
J.B. Hunt Transport Services
7D
2.1%
1Y
15.1%
ODFL
US$173.57
Old Dominion Freight Line
7D
6.0%
1Y
-3.9%
R
US$191.08
Ryder System
7D
2.1%
1Y
22.4%

R: Leadership Transition And Buybacks Will Support Measured Outlook Into 2027

Analysts have slightly increased their price target on Ryder System, raising their fair value estimate from about $208.90 to roughly $211.10. This change reflects updated assumptions around revenue growth, profit margins and future P/E levels.
SLGB
US$1.18
Smart Logistics Global
7D
-5.6%
1Y
n/a
UHAL
US$55.19
U-Haul Holding
7D
4.1%
1Y
-18.4%
TOPP
US$0.79
Toppoint Holdings
7D
-1.6%
1Y
n/a