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U.S. Transportation Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies49
  • 7D0.6%
  • 3M0.1%
  • 1Y14.1%
  • YTD6.9%

Last week, the Transportation industry hasn't moved much but Old Dominion Freight Line is up 7.0% in that time. As for the the longer term, the industry is up 14% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026US$687.3bUS$235.2bUS$27.6b41.9x24.9x2.9x
Tue, 28 Apr 2026US$677.6bUS$232.5bUS$29.3b41.4x23.1x2.9x
Thu, 26 Mar 2026US$608.2bUS$231.7bUS$29.3b35.5x20.8x2.6x
Sat, 21 Feb 2026US$655.4bUS$230.9bUS$29.1b37.7x22.5x2.8x
Mon, 19 Jan 2026US$635.7bUS$228.4bUS$33.3b32.3x19.1x2.8x
Wed, 17 Dec 2025US$637.1bUS$228.1bUS$33.3b31.8x19.1x2.8x
Fri, 14 Nov 2025US$640.1bUS$227.2bUS$33.1b26.8x19.4x2.8x
Sun, 12 Oct 2025US$638.3bUS$223.6bUS$29.7b24x21.5x2.9x
Tue, 09 Sep 2025US$629.4bUS$223.6bUS$29.7b25x21.2x2.8x
Thu, 07 Aug 2025US$622.3bUS$221.6bUS$30.2b26x20.6x2.8x
Sat, 05 Jul 2025US$643.2bUS$219.7bUS$29.8b25.8x21.6x2.9x
Mon, 02 Jun 2025US$595.3bUS$219.0bUS$29.6b25.4x20.1x2.7x
Wed, 30 Apr 2025US$553.0bUS$216.3bUS$26.9b23.6x20.6x2.6x
Fri, 28 Mar 2025US$591.2bUS$216.3bUS$27.3b26.8x21.7x2.7x
Sun, 23 Feb 2025US$626.1bUS$216.2bUS$27.4b29.5x22.9x2.9x
Tue, 21 Jan 2025US$602.4bUS$213.1bUS$21.8b29.6x27.6x2.8x
Thu, 19 Dec 2024US$595.7bUS$213.5bUS$21.9b27.4x27.3x2.8x
Sat, 16 Nov 2024US$634.6bUS$213.2bUS$20.9b31.7x30.4x3x
Mon, 14 Oct 2024US$649.7bUS$220.6bUS$17.2b30.3x37.7x2.9x
Wed, 11 Sep 2024US$602.2bUS$220.4bUS$17.2b29x34.9x2.7x
Fri, 09 Aug 2024US$576.4bUS$219.7bUS$16.9b27.2x34.1x2.6x
Sun, 07 Jul 2024US$578.8bUS$216.9bUS$16.7b25.1x34.7x2.7x
Tue, 04 Jun 2024US$574.3bUS$217.0bUS$16.7b25.2x34.4x2.6x
Thu, 02 May 2024US$580.5bUS$214.4bUS$17.0b25.6x34.2x2.7x
Sat, 30 Mar 2024US$639.5bUS$212.7bUS$17.5b23.5x36.5x3x
Mon, 26 Feb 2024US$649.6bUS$212.8bUS$17.5b24.6x37.1x3.1x
Wed, 24 Jan 2024US$588.1bUS$215.7bUS$16.9b21.6x34.8x2.7x
Fri, 22 Dec 2023US$575.2bUS$216.2bUS$16.8b21.6x34.3x2.7x
Sun, 19 Nov 2023US$529.4bUS$215.8bUS$16.9b21x31.4x2.5x
Tue, 17 Oct 2023US$505.8bUS$217.4bUS$16.6b14.5x30.5x2.3x
Thu, 14 Sep 2023US$514.6bUS$214.3bUS$13.7b14.5x37.5x2.4x
Sat, 12 Aug 2023US$523.8bUS$214.1bUS$13.2b15.5x39.6x2.4x
Mon, 10 Jul 2023US$498.8bUS$216.9bUS$12.9b12.8x38.5x2.3x
Wed, 07 Jun 2023US$471.0bUS$217.2bUS$12.9b13.5x36.5x2.2x
Price to Earnings Ratio

36.5x


Total Market Cap: US$471.0bTotal Earnings: US$12.9bTotal Revenue: US$217.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 28.7x202420252026
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 24.9x which is lower than its 3-year average PE of 28.7x.
  • 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 29% per year over the last three years.
  • Revenues for these companies have grown 2.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market1.58%
Industrials1.37%
Transportation0.57%
Cargo Ground Transportation6.44%
Trucking-1.39%
Railroads-1.45%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 32.9x.
    • Analysts are expecting annual earnings growth of 22.6%, which is higher than its past year's earnings decline of 20.6% per year.
  • Investors are most pessimistic about the Trucking industry, which is trading below its 3-year average of 38.6x.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 21% per year.
  • In contrast, the Railroads industry is expected to see its earnings grow by 9.2% 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
ODFL Old Dominion Freight LineUS$225.157.0%
+US$3.1b		40.6%PE46.5x
JBHT J.B. Hunt Transport ServicesUS$276.436.8%
+US$1.7b		99.1%PE41.9x
XPO XPOUS$214.255.6%
+US$1.3b		88.2%PE72.3x
UHAL U-Haul HoldingUS$57.8912.3%
+US$1.2b		-9.5%PE136.5x
KNX Knight-Swift Transportation HoldingsUS$75.637.9%
+US$895.3m		70.6%PE361.6x

Latest News

XPO
US$214.25
XPO
7D
5.6%
1Y
88.2%
UHAL
US$57.89
U-Haul Holding
7D
12.3%
1Y
-9.5%
JBHT
US$276.43
J.B. Hunt Transport Services
7D
6.8%
1Y
99.1%
New Narrative • May 29

Prefunded Intermodal Capacity And Cost Efficiencies Will Transform Long Term Earnings Power

Catalysts About J.B. Hunt Transport Services J.B. Hunt Transport Services provides transportation and logistics solutions across intermodal, dedicated contract services, truckload, brokerage and final mile delivery. What are the underlying business or industry changes driving this perspective?
UBER
US$70.40
Uber Technologies
7D
-2.0%
1Y
-16.3%
UNP
US$262.64
Union Pacific
7D
-1.2%
1Y
18.5%
SAIA
US$472.37
Saia
7D
3.5%
1Y
78.7%
Narrative Update • May 26

SAIA: Freight Capacity Tightening Will Eventually Collide With Elevated Earnings Multiple

Saia's fair value estimate has moved modestly higher to $304.23 from $297.25 as analysts factor in slightly stronger revenue growth and profit margins, along with a somewhat lower assumed future P/E multiple and a higher discount rate following a series of recent price target revisions across the Street. Analyst Commentary Recent Street research on Saia has been active, with several firms adjusting price targets both higher and lower and, in some cases, updating ratings.
KNX
US$75.63
Knight-Swift Transportation Holdings
7D
7.9%
1Y
70.6%
Narrative Update • May 24

KNX: Tight Truckload Capacity Will Outrun Realistic Earnings And Margin Potential

Analysts lifted the implied fair value estimate for Knight-Swift Transportation Holdings by about $2 to $56.68 as higher Street price targets and expectations for slightly stronger revenue growth, profit margins, and future P/E multiples filtered into the model. Analyst Commentary Recent Street research on Knight-Swift Transportation Holdings has leaned positive on valuation and fundamentals, with several firms lifting price targets or upgrading ratings after a period of share price weakness.
ODFL
US$225.15
Old Dominion Freight Line
7D
7.0%
1Y
40.6%
YMM
US$8.82
Full Truck Alliance
7D
5.5%
1Y
-24.2%
WETO
US$1.01
Wetour Robotics
7D
-5.6%
1Y
-65.2%
NSC
US$304.96
Norfolk Southern
7D
-3.0%
1Y
23.4%
CSX
US$45.26
CSX
7D
-0.6%
1Y
43.3%
LSTR
US$206.90
Landstar System
7D
6.6%
1Y
50.8%
FIP
US$4.46
FTAI Infrastructure
7D
-1.1%
1Y
-27.0%
RYDE
US$0.96
Ryde Group
7D
-7.2%
1Y
338.8%