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U.S. Cargo Ground Transportation Industry Analysis

UpdatedJul 30, 2026
DataAggregated Company Financials
Companies32
  • 7D-5.8%
  • 3M5.4%
  • 1Y44.0%
  • YTDn/a

The Cargo Ground Transportation industry is down 5.8% over the last week with XPO the worst performer, down 6.7%. Meanwhile, Full Truck Alliance actually outperformed within the industry, gaining 6.1% in the last week. Over the past 12 months, the industry was up 44%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Jul 2026US$177.4bUS$87.7bUS$3.3b46x53.8x2x
Sat, 27 Jun 2026US$179.5bUS$86.3bUS$3.3b56.9x55x2.1x
Mon, 25 May 2026US$169.2bUS$86.3bUS$3.3b49.6x51.1x2x
Wed, 22 Apr 2026US$171.1bUS$86.0bUS$3.4b45.9x50.7x2x
Fri, 20 Mar 2026US$138.9bUS$85.9bUS$3.3b35.3x41.7x1.6x
Sun, 15 Feb 2026US$152.1bUS$86.0bUS$3.3b39.8x45.7x1.8x
Tue, 13 Jan 2026US$141.4bUS$86.3bUS$3.8b34.3x37.6x1.6x
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
Price to Earnings Ratio

25.2x


Total Market Cap: US$145.9bTotal Earnings: US$5.8bTotal Revenue: US$91.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Cargo Ground Transportation Industry Price to Earnings3Y Average 35x202420252026
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 53.8x which is higher than its 3-year average PE of 35.0x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Cargo Ground Transportation industry have declined 17% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

US Market-2.63%
Industrials-2.55%
Transportation-0.98%
Cargo Ground Transportation-5.83%
Trucking0.97%
Railroads0.66%
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
YMM Full Truck AllianceUS$9.646.1%
+US$570.6m		-16.1%PE16.4x
UHAL U-Haul HoldingUS$71.620.4%
+US$56.7m		21.9%PE168.4x
PAMT PAMTUS$17.198.8%
+US$29.1m		51.7%PS0.6x
ETS Elite Express HoldingUS$1.0921.8%
+US$9.5m		n/aPS18.5x
ELOG Eastern InternationalUS$0.9013.2%
+US$1.3m		n/aPE6.4x

Latest News

ODFL
US$222.79
Old Dominion Freight Line
7D
-3.4%
1Y
49.3%
LSTR
US$177.83
Landstar System
7D
-15.3%
1Y
33.3%
RXO
US$22.29
RXO
7D
-22.3%
1Y
44.4%
XPO
US$199.38
XPO
7D
-6.7%
1Y
50.7%
JBHT
US$276.14
J.B. Hunt Transport Services
7D
-5.5%
1Y
91.9%
R
US$258.24
Ryder System
7D
-6.6%
1Y
44.6%
Narrative Update • Jul 24

R: Dividend Milestone And Buybacks Will Support Higher Levels In 2026

Analysts have raised their price target on Ryder System to $298.44 from $280.11, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for Ryder System Ryder System declared a regular quarterly cash dividend of $1.01 per share, an 11% rise from the prior $0.91 quarterly dividend, with payment scheduled for September 18, 2026, to shareholders of record on August 24, 2026 (Source: company announcement).
KNX
US$71.04
Knight-Swift Transportation Holdings
7D
-6.6%
1Y
67.7%
ELOG
US$0.90
Eastern International
7D
13.2%
1Y
n/a
UHAL
US$71.62
U-Haul Holding
7D
0.4%
1Y
21.9%
SAIA
US$394.44
Saia
7D
-7.5%
1Y
30.5%
Seeking Alpha • Jul 23

Saia: Network Expansion Winds Down And Shareholder Rewards Come Into Focus

Summary Saia transitions from heavy capital expansion to harvesting, positioning for increased free cash flow and potential capital returns. With capex forecasted at $350–$400 million for 2026, even modest reductions directly and significantly boost FCF, enabling buybacks or dividends. SAIA’s valuation appears rich, but industry peers are similarly priced; a conservative price target of $446.34 implies 4.7% upside. I maintain a Buy rating on SAIA, citing maturing network investments, robust FCF outlook, and likely shareholder rewards. Read the full article on Seeking Alpha
ETS
US$1.09
Elite Express Holding
7D
21.8%
1Y
n/a
Analysis Article • Jul 19

We Think Elite Express Holding (NASDAQ:ETS) Needs To Drive Business Growth Carefully

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
YMM
US$9.64
Full Truck Alliance
7D
6.1%
1Y
-16.1%
Narrative Update • Jul 14

YMM: Reset Expectations And 30-Day Catalyst Watch Will Drive Bullish Repricing

Full Truck Alliance's analyst price target has been revised to $16.17 from $16.77, as analysts attribute the change to a lower assumed future P/E multiple, along with slightly stronger modeled revenue growth and profit margins following recent upgrades and new coverage. Analyst Commentary Recent research coverage on Full Truck Alliance shows a cluster of bullish opinions, with several banks raising ratings, setting new price targets, and highlighting potential upside after recent share price weakness and earnings forecast resets.
PAMT
US$17.19
PAMT
7D
8.8%
1Y
51.7%