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U.S. Transportation Industry Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies50
  • 7D-2.3%
  • 3M-3.4%
  • 1Y3.8%
  • YTD-1.3%

Over the last 7 days, the Transportation industry has dropped 2.3%, driven by a pullback from Union Pacific of 3.3%. Over the past 12 months, the industry was up 3.8%. Earnings are forecast to grow by 8.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Jan 2026US$635.7bUS$228.5bUS$33.3b31.9x19.1x2.8x
Fri, 19 Dec 2025US$624.5bUS$228.1bUS$33.3b31.4x18.8x2.7x
Sun, 16 Nov 2025US$625.8bUS$227.2bUS$33.0b26.2x18.9x2.8x
Tue, 14 Oct 2025US$638.3bUS$223.6bUS$29.7b24.1x21.5x2.9x
Thu, 11 Sep 2025US$636.1bUS$223.6bUS$29.7b23.9x21.4x2.8x
Sat, 09 Aug 2025US$627.5bUS$222.3bUS$30.1b25.2x20.8x2.8x
Mon, 07 Jul 2025US$643.2bUS$219.7bUS$29.8b25.8x21.6x2.9x
Wed, 04 Jun 2025US$591.5bUS$219.0bUS$29.6b25.4x20x2.7x
Fri, 02 May 2025US$562.7bUS$216.1bUS$26.9b23.3x21x2.6x
Sun, 30 Mar 2025US$577.5bUS$216.3bUS$27.3b26.3x21.2x2.7x
Tue, 25 Feb 2025US$626.0bUS$216.2bUS$27.4b28.5x22.9x2.9x
Thu, 23 Jan 2025US$609.0bUS$213.3bUS$21.8b30.2x27.9x2.9x
Sat, 21 Dec 2024US$575.2bUS$213.4bUS$21.9b28.4x26.3x2.7x
Mon, 18 Nov 2024US$633.4bUS$213.2bUS$20.9b31.7x30.3x3x
Wed, 16 Oct 2024US$644.3bUS$220.4bUS$17.2b30.5x37.4x2.9x
Fri, 13 Sep 2024US$599.5bUS$220.4bUS$17.2b29.3x34.8x2.7x
Sun, 11 Aug 2024US$585.9bUS$219.7bUS$16.9b26.7x34.7x2.7x
Tue, 09 Jul 2024US$578.8bUS$216.9bUS$16.7b24.9x34.7x2.7x
Thu, 06 Jun 2024US$566.9bUS$217.0bUS$16.7b25.1x34x2.6x
Sat, 04 May 2024US$591.2bUS$214.3bUS$16.9b25.3x35x2.8x
Mon, 01 Apr 2024US$639.5bUS$212.7bUS$17.6b23.5x36.2x3x
Wed, 28 Feb 2024US$647.0bUS$212.8bUS$17.5b24.2x37x3x
Fri, 26 Jan 2024US$583.6bUS$215.9bUS$16.6b21.6x35.1x2.7x
Sun, 24 Dec 2023US$586.6bUS$216.2bUS$16.8b21.6x34.9x2.7x
Tue, 21 Nov 2023US$531.9bUS$215.8bUS$16.7b21x31.8x2.5x
Thu, 19 Oct 2023US$493.1bUS$216.8bUS$16.5b14.1x29.9x2.3x
Sat, 16 Sep 2023US$514.6bUS$214.3bUS$13.7b14.7x37.5x2.4x
Mon, 14 Aug 2023US$523.8bUS$214.1bUS$13.2b15.5x39.6x2.4x
Wed, 12 Jul 2023US$513.6bUS$217.0bUS$12.9b12.9x39.7x2.4x
Fri, 09 Jun 2023US$479.6bUS$217.2bUS$12.9b13.3x37.2x2.2x
Sun, 07 May 2023US$470.7bUS$217.8bUS$12.4b14.6x38x2.2x
Tue, 04 Apr 2023US$455.2bUS$221.0bUS$3.5b13.2x129.5x2.1x
Thu, 02 Mar 2023US$476.4bUS$220.9bUS$3.3b13.8x143.7x2.2x
Sat, 28 Jan 2023US$486.0bUS$222.9bUS$3.3b12.3x147.9x2.2x
Price to Earnings Ratio

147.9x


Total Market Cap: US$486.0bTotal Earnings: US$3.3bTotal Revenue: US$222.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 40.3x202420252026
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 19.1x which is lower than its 3-year average PE of 40.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Transportation industry have grown 116% 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-2.00%
Industrials-0.33%
Transportation-2.27%
Cargo Ground Transportation-1.42%
Railroads-2.41%
Trucking-2.64%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 30.2x.
    • Analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings decline of 12.7% per year.
  • Investors are most pessimistic about the Trucking industry, which is trading below its 3-year average of 35.1x.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Trucking industry is expected to see its earnings grow by 4.8% 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
UHAL U-Haul HoldingUS$56.110.5%
+US$56.9m		-22.3%PE47.3x
FIP FTAI InfrastructureUS$5.668.0%
+US$48.8m		-15.8%PS1.5x
HTZ Hertz Global HoldingsUS$5.391.3%
+US$21.8m		35.8%PS0.2x
CVLG Covenant Logistics GroupUS$25.400.8%
+US$5.3m		-8.8%PE21.8x
TOPP Toppoint HoldingsUS$1.0037.0%
+US$5.2m		n/aPS1.2x

Latest News

LYFT
US$18.20
Lyft
7D
-3.8%
1Y
35.6%
ODFL
US$170.00
Old Dominion Freight Line
7D
-1.0%
1Y
-10.7%

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.
KNX
US$55.07
Knight-Swift Transportation Holdings
7D
-3.5%
1Y
-0.4%
ZDAI
US$0.46
DirectBooking Technology
7D
16.9%
1Y
-59.5%
TOPP
US$1.00
Toppoint Holdings
7D
37.0%
1Y
n/a
GRAB
US$4.51
Grab Holdings
7D
-2.6%
1Y
-3.2%
FIP
US$5.66
FTAI Infrastructure
7D
8.0%
1Y
-15.8%

FIP: Improved Margins And Growth Assumptions Will Support Strong Future Upside

Analysts have modestly adjusted their price target on FTAI Infrastructure, citing updated assumptions around discount rates, revenue growth of about 43.33% and profit margins of about 5.22%, along with a slightly lower future P/E of about 23.28x. Valuation Changes Fair Value: Kept unchanged at a narrative value of 10.0 and an updated value of 10.0, indicating no revision in the core estimate.
UNP
US$221.69
Union Pacific
7D
-3.3%
1Y
-6.4%

UNP: Merger Review And Regulatory Overhang Will Set Stage For Future Upside

Analysts have trimmed their Union Pacific fair value estimate slightly to about US$260 from roughly US$260.50. This reflects a lower blended Street price target as some factor in cautious views on the proposed Norfolk Southern merger, softer freight trends, a modestly higher discount rate, and only small changes to long term growth, margin, and P/E assumptions.
HTZ
US$5.39
Hertz Global Holdings
7D
1.3%
1Y
35.8%

HTZ: Future Returns Will Be Pressured By Completed Buyback Program

Analysts now estimate fair value for Hertz Global Holdings at approximately US$4.86 per share, down from about US$5.03 per share, reflecting updated assumptions on discount rate, long term revenue growth, profit margin and future P/E levels. What's in the News From July 1, 2025 to September 30, 2025, Hertz Global Holdings reported no share repurchases under its existing program, with 0 shares bought for US$0 million in that period (Key Developments).
SAIA
US$340.80
Saia
7D
-4.4%
1Y
-32.6%

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.
UBER
US$83.72
Uber Technologies
7D
-2.0%
1Y
23.6%

UBER: Autonomous Partnerships And AI Are Expected To Support Long Term Margins

Analysts have nudged their fair value estimate for Uber slightly lower to about $111, reflecting modestly higher discount-rate assumptions. They continue to highlight AI driven revenue opportunities, ongoing autonomous vehicle partnerships, and a focus on long term margins and capital allocation in recent price target updates across the Street.
NSC
US$280.39
Norfolk Southern
7D
-2.7%
1Y
11.3%

NSC: Merger Review And Labor Deal Will Shape Fairly Valued Outlook

Analysts have nudged their price target for Norfolk Southern higher to approximately US$309 from about US$308, reflecting small updates to discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News The US Department of Justice has begun investigating Union Pacific's proposed acquisition of Norfolk Southern and is expected to file a formal notice to participate in the Surface Transportation Board review of the deal (CTFN).
CVLG
US$25.40
Covenant Logistics Group
7D
0.8%
1Y
-8.8%
SLGB
US$1.23
Smart Logistics Global
7D
3.4%
1Y
n/a
UHAL
US$56.11
U-Haul Holding
7D
0.5%
1Y
-22.3%
RYDE
US$0.33
Ryde Group
7D
7.9%
1Y
-33.1%