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U.S. Transportation Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies49
  • 7D-5.5%
  • 3M-1.2%
  • 1Y10.4%
  • YTD0.4%

Over the last 7 days, the Transportation industry has dropped 4.9%, driven by declines in Union Pacific and Uber Technologies of 5.9% and 5.2%, respectively. This takes the industry's 12 month performance to a gain of 8.3%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026US$638.0bUS$231.1bUS$29.1b34.4x21.9x2.8x
Fri, 06 Feb 2026US$648.9bUS$230.7bUS$26.4b40.8x24.6x2.8x
Sun, 04 Jan 2026US$630.5bUS$228.4bUS$33.3b31.5x18.9x2.8x
Tue, 02 Dec 2025US$628.6bUS$228.0bUS$33.3b27.6x18.9x2.8x
Thu, 30 Oct 2025US$642.7bUS$224.0bUS$29.2b25.8x22x2.9x
Sat, 27 Sep 2025US$657.0bUS$223.6bUS$29.7b23.5x22.1x2.9x
Mon, 25 Aug 2025US$652.1bUS$222.6bUS$30.2b28x21.6x2.9x
Wed, 23 Jul 2025US$636.2bUS$219.7bUS$29.8b25.9x21.4x2.9x
Fri, 20 Jun 2025US$596.1bUS$219.0bUS$29.6b25.7x20.2x2.7x
Sun, 18 May 2025US$626.3bUS$218.8bUS$29.6b27.3x21.2x2.9x
Tue, 15 Apr 2025US$541.4bUS$216.7bUS$26.5b25x20.4x2.5x
Thu, 13 Mar 2025US$580.5bUS$216.4bUS$27.3b27.2x21.3x2.7x
Sat, 08 Feb 2025US$617.0bUS$215.5bUS$27.3b29.3x22.6x2.9x
Mon, 06 Jan 2025US$590.9bUS$213.3bUS$21.8b30.2x27.1x2.8x
Wed, 04 Dec 2024US$651.7bUS$213.5bUS$21.9b30.4x29.8x3.1x
Fri, 01 Nov 2024US$613.9bUS$222.4bUS$20.3b31x30.2x2.8x
Sun, 29 Sep 2024US$626.2bUS$220.8bUS$17.2b30.2x36.3x2.8x
Tue, 27 Aug 2024US$614.0bUS$220.1bUS$17.0b28.5x36.1x2.8x
Thu, 25 Jul 2024US$586.5bUS$216.7bUS$16.6b27.5x35.4x2.7x
Sat, 22 Jun 2024US$578.1bUS$217.0bUS$16.7b25x34.7x2.7x
Mon, 20 May 2024US$591.4bUS$216.2bUS$16.7b25.7x35.4x2.7x
Wed, 17 Apr 2024US$618.3bUS$214.9bUS$18.2b22.8x34x2.9x
Fri, 15 Mar 2024US$647.0bUS$212.8bUS$17.5b22.5x36.9x3x
Sun, 11 Feb 2024US$624.3bUS$212.9bUS$16.6b24.8x37.6x2.9x
Tue, 09 Jan 2024US$566.0bUS$216.1bUS$16.9b21.6x33.4x2.6x
Thu, 07 Dec 2023US$557.1bUS$216.1bUS$16.8b21.5x33.2x2.6x
Sat, 04 Nov 2023US$500.8bUS$214.5bUS$14.9b19.1x33.7x2.3x
Mon, 02 Oct 2023US$500.7bUS$217.5bUS$16.6b14.3x30.2x2.3x
Wed, 30 Aug 2023US$521.6bUS$214.3bUS$13.8b15.1x37.9x2.4x
Fri, 28 Jul 2023US$545.8bUS$214.6bUS$11.7b13.3x46.7x2.5x
Sun, 25 Jun 2023US$483.3bUS$217.0bUS$12.9b12.7x37.4x2.2x
Tue, 23 May 2023US$468.0bUS$217.5bUS$12.9b13.8x36.3x2.2x
Thu, 20 Apr 2023US$460.5bUS$220.7bUS$3.5b13.5x132.6x2.1x
Sat, 18 Mar 2023US$442.0bUS$221.0bUS$3.5b14.2x125.5x2x
Price to Earnings Ratio

125.5x


Total Market Cap: US$442.0bTotal Earnings: US$3.5bTotal Revenue: US$221.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 34.2x202420252026
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 21.9x which is lower than its 3-year average PE of 34.2x.
  • 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 102% 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-0.62%
Industrials-3.13%
Transportation-5.45%
Trucking-4.01%
Railroads-5.44%
Cargo Ground Transportation-7.27%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 30.8x.
    • Analysts are expecting annual earnings growth of 20.4%, 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 36.7x.
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 8.9% 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
YMM Full Truck AllianceUS$9.272.7%
+US$251.0m		-26.3%PE16.8x
LYFT LyftUS$13.250.3%
+US$15.9m		15.9%PE1.9x
RYDE Ryde GroupUS$0.6223.5%
+US$14.3m		93.0%PS9.3x
MRT Marti TechnologiesUS$2.147.0%
+US$10.9m		-34.6%PS6.8x
SWVL Swvl HoldingsUS$1.583.9%
+US$597.9k		-66.0%PS0.8x

Latest News

UNP
US$250.21
Union Pacific
7D
-5.9%
1Y
5.2%
YMM
US$9.27
Full Truck Alliance
7D
2.7%
1Y
-26.3%

YMM: Future Returns Will Depend On Governance Efforts Versus Regulatory Headwinds

Analysts have reduced their price targets on Full Truck Alliance, including a cut from $11 to $8, citing a weaker risk and reward trade off, limited near term catalysts, and ongoing regulatory and macro headwinds that are weighing on the company's core operations. Analyst Commentary JPMorgan cut its rating on Full Truck Alliance to Underweight from Neutral and reduced its price target to $8 from $11, reflecting a more cautious stance on the stock.
NSC
US$298.49
Norfolk Southern
7D
-5.9%
1Y
28.1%

NSC: Merger Synergies And Rail Corridor Expansion Will Shape Balanced Future Outlook

Analysts have nudged their blended fair value estimate for Norfolk Southern higher to roughly $313 per share, reflecting modestly adjusted assumptions on growth, margins and P/E multiples. They also highlight potential merger related synergies with Union Pacific and the appeal of rail infrastructure as a long lived, hard to replicate asset base.
SAIA
US$356.03
Saia
7D
-14.0%
1Y
-1.5%

SAIA: Freight Recovery Optimism Will Heighten Downside Risk If Trends Stay Sub Seasonal

The analyst fair value estimate for Saia has been trimmed by about $3.55 to $280.65, as analysts balance slightly higher revenue growth and profit margin assumptions with a lower future P/E and a modestly higher discount rate, even as many recent Street price targets have moved higher on improving freight cycle and transportation network themes. Analyst Commentary Street research on Saia has been active, with several firms lifting price targets into the US$400 to US$500 range.
XPO
US$194.68
XPO
7D
-9.6%
1Y
81.7%

XPO: LTL Margin Efficiency And Physical Network Resilience Will Shape 2026 Risk Reward

Analysts have lifted their blended XPO price target from about $156 to about $204. They point to stronger less than truckload operating trends, yield and cost efficiency efforts, and the perceived value of its physical transport network as key supports for higher fair value assumptions and a richer future P/E multiple.
JBHT
US$215.85
J.B. Hunt Transport Services
7D
-6.5%
1Y
40.0%

JBHT: Freight Cycle Uncertainty Will Test Elevated Earnings Expectations

The analyst price target for J.B. Hunt Transport Services has edged higher by about $1 to $211. Analysts point to sector wide target increases that reflect expectations for a progressing freight cycle recovery and ongoing industry cost and capacity adjustments.
CSX
US$40.91
CSX
7D
-4.1%
1Y
38.6%

CSX: Heavy Asset Rail Recovery Will Balance Trucking Headwinds And Safety Risks

The analyst price target for CSX has been lifted modestly, with the fair value estimate moving from $39.85 to $40.31, as analysts increasingly highlight the company as a core heavy-asset rail exposure in a freight cycle they view as progressing along a recovery path. Analyst Commentary Recent research on CSX points to a mixed but generally constructive view, with several firms adjusting price targets and framing the stock as a key way to get exposure to rail and broader freight trends.
ODFL
US$195.02
Old Dominion Freight Line
7D
-6.2%
1Y
16.8%

ODFL: Freight Network And Buybacks Will Support Higher Long Term Earnings Power

Old Dominion Freight Line's updated analyst price target edges higher to $210, as analysts highlight the resilience of its capital intensive freight network model and factor in slightly stronger revenue growth and profitability assumptions alongside a modestly lower future P/E. Analyst Commentary Recent research shows a split tape around Old Dominion, with a clear cluster of bullish analysts lifting their targets and, in some cases, their ratings as they reassess the freight cycle and the value of hard assets in trucking.
RYDE
US$0.62
Ryde Group
7D
23.5%
1Y
93.0%
LYFT
US$13.25
Lyft
7D
0.3%
1Y
15.9%

LYFT: Reset Expectations And Execution Will Shape Margins And Capital Returns

Lyft's analyst price target has been reset from about $16.45 to $13.00, as analysts factor in recent broad cuts to Street targets and temper margin expectations, even while keeping assumptions for revenue growth and future P/E broadly in line. Analyst Commentary Recent Street research on Lyft clusters around a broad wave of price target cuts, with many bearish analysts resetting their expectations lower even as they keep overall revenue and P/E frameworks broadly consistent.
UBER
US$72.36
Uber Technologies
7D
-5.2%
1Y
2.4%

UBER: AI And Autonomous Partnerships Will Shape Long Term Upside Potential

Analysts recently trimmed their average price target on Uber Technologies to about $104 from roughly $105, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples after revisiting their models and broader sector valuations. Analyst Commentary Recent research on Uber highlights a mix of optimism around execution and growth on one side, and some reservation around valuation, macro risk and competitive or regulatory questions on the other.
WETO
US$0.46
Webus International
7D
0.2%
1Y
-87.1%
MRT
US$2.14
Marti Technologies
7D
7.0%
1Y
-34.6%
SWVL
US$1.58
Swvl Holdings
7D
3.9%
1Y
-66.0%