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U.S. Transportation Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies51
  • 7D1.3%
  • 3M11.1%
  • 1Y10.7%
  • YTD7.4%

Over the last 7 days, the Transportation industry has dropped 3.7%, driven by pullbacks in Hertz Global Holdings and XPO of 38% and 2.5%, respectively. This takes the industry's 12 month performance to a gain of 7.3%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026US$661.0bUS$235.8bUS$27.1b39.2x24.4x2.8x
Sat, 23 May 2026US$667.6bUS$235.1bUS$27.6b39.2x24.2x2.8x
Mon, 20 Apr 2026US$663.7bUS$232.3bUS$29.3b44x22.6x2.9x
Wed, 18 Mar 2026US$616.7bUS$231.8bUS$29.3b31.9x21.1x2.7x
Fri, 13 Feb 2026US$653.0bUS$231.0bUS$29.1b36.2x22.4x2.8x
Sun, 11 Jan 2026US$636.6bUS$228.4bUS$33.3b34.2x19.1x2.8x
Tue, 09 Dec 2025US$652.8bUS$228.0bUS$33.3b31.1x19.6x2.9x
Thu, 06 Nov 2025US$641.5bUS$226.4bUS$33.0b27.2x19.4x2.8x
Sat, 04 Oct 2025US$659.6bUS$223.6bUS$29.7b24.1x22.2x2.9x
Mon, 01 Sep 2025US$632.9bUS$223.6bUS$29.7b25.3x21.3x2.8x
Wed, 30 Jul 2025US$642.1bUS$219.6bUS$29.8b26.3x21.5x2.9x
Fri, 27 Jun 2025US$618.7bUS$219.1bUS$29.6b25.2x20.9x2.8x
Sun, 25 May 2025US$600.9bUS$218.9bUS$29.7b25.5x20.2x2.7x
Tue, 22 Apr 2025US$549.7bUS$216.5bUS$26.3b24.1x20.9x2.5x
Thu, 20 Mar 2025US$582.6bUS$216.4bUS$27.3b25.8x21.3x2.7x
Sat, 15 Feb 2025US$648.4bUS$216.1bUS$27.4b29.9x23.7x3x
Mon, 13 Jan 2025US$581.0bUS$213.2bUS$21.8b27.7x26.6x2.7x
Wed, 11 Dec 2024US$619.8bUS$213.6bUS$21.9b30.6x28.3x2.9x
Fri, 08 Nov 2024US$658.3bUS$222.6bUS$20.3b32.7x32.5x3x
Sun, 06 Oct 2024US$615.8bUS$220.7bUS$17.2b28.6x35.7x2.8x
Tue, 03 Sep 2024US$615.7bUS$220.1bUS$17.0b27.7x36.2x2.8x
Thu, 01 Aug 2024US$597.5bUS$217.6bUS$17.2b29.1x34.8x2.7x
Sat, 29 Jun 2024US$572.8bUS$216.9bUS$16.7b25.9x34.4x2.6x
Mon, 27 May 2024US$573.4bUS$216.2bUS$16.7b24.8x34.3x2.7x
Wed, 24 Apr 2024US$611.3bUS$214.6bUS$18.0b23.5x33.9x2.8x
Fri, 22 Mar 2024US$643.2bUS$212.8bUS$17.5b23.3x36.7x3x
Sun, 18 Feb 2024US$638.8bUS$212.7bUS$17.1b23.6x37.3x3x
Tue, 16 Jan 2024US$578.6bUS$216.1bUS$16.9b21.6x34.2x2.7x
Thu, 14 Dec 2023US$563.7bUS$216.0bUS$16.8b21.5x33.6x2.6x
Sat, 11 Nov 2023US$501.7bUS$215.5bUS$16.9b20.3x29.7x2.3x
Mon, 09 Oct 2023US$498.4bUS$217.5bUS$16.6b14.3x30.1x2.3x
Wed, 06 Sep 2023US$515.6bUS$214.2bUS$13.8b14.4x37.5x2.4x
Fri, 04 Aug 2023US$539.8bUS$214.5bUS$13.1b16.4x41.1x2.5x
Sun, 02 Jul 2023US$501.9bUS$216.8bUS$13.0b13x38.7x2.3x
Price to Earnings Ratio

38.7x


Total Market Cap: US$501.9bTotal Earnings: US$13.0bTotal Revenue: US$216.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 28.5x202420252026
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 24.7x which is lower than its 3-year average PE of 28.5x.
  • 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 28% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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 Market-2.47%
Industrials0.24%
Transportation1.30%
Trucking3.46%
Railroads0.91%
Cargo Ground Transportation-0.13%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 33.8x.
    • Analysts are expecting annual earnings growth of 23.3%, 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 39.3x.
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
UBER Uber TechnologiesUS$73.854.1%
+US$6.0b		-18.8%PE17.6x
UNP Union PacificUS$259.960.7%
+US$1.1b		14.6%PE21.4x
CSX CSXUS$46.061.1%
+US$910.5m		41.8%PE28.1x
NSC Norfolk SouthernUS$303.821.1%
+US$738.9m		19.0%PE25.6x
UHAL U-Haul HoldingUS$64.094.6%
+US$552.9m		5.4%PE151.2x

Latest News

CAR
US$175.29
Avis Budget Group
7D
-3.1%
1Y
-0.3%
ENRD
US$6.96
Einride
7D
-17.3%
1Y
n/a
HTZ
US$3.00
Hertz Global Holdings
7D
-40.6%
1Y
-60.3%
UHAL
US$64.09
U-Haul Holding
7D
4.6%
1Y
5.4%
UNP
US$259.96
Union Pacific
7D
0.7%
1Y
14.6%
Seeking Alpha • 22h

Union Pacific: A Dividend Growth Train To Board Now

Summary Union Pacific's market-beating payout remains positioned to grow in the years ahead. The railroad operator's pricing power/operational efficiency and the ongoing merger with Norfolk Southern remain key growth catalysts. Union Pacific maintains an A- S&P credit rating with a stable outlook. Shares are priced 6% below my fair value estimate. Union Pacific is positioned to deliver 10%+ annual total returns over the next several years. Read the full article on Seeking Alpha
SAIA
US$428.44
Saia
7D
-1.5%
1Y
58.2%
Narrative Update • Jun 23

SAIA: Freight Capacity Tightening Will Eventually Confront Lofty Earnings Expectations

Analysts have nudged their price expectations for Saia higher, lifting the fair value estimate from about $304 to roughly $308 as they factor in updated price targets and continued support for the less than truckload freight outlook. Analyst Commentary Recent research coverage on Saia has leaned constructive overall, with several large firms, including JPMorgan and Goldman Sachs, lifting price targets as they update less-than-truckload assumptions.
CSX
US$46.06
CSX
7D
1.1%
1Y
41.8%
Narrative Update • Jun 23

CSX: Buyback And Efficiency Plans Will Balance Stronger Volumes With Execution Risks

The analyst price target for CSX has been nudged higher to $46.25 from $45.89 as analysts point to stronger than previously modeled earnings contributions from rail volume trends, a steady profit margin outlook, and modestly higher future P/E assumptions. Analyst Commentary Recent research on CSX shows a mix of upbeat and more cautious views, providing a broader picture of how the stock is being framed on valuation, growth, and execution.
KNX
US$74.52
Knight-Swift Transportation Holdings
7D
2.1%
1Y
69.3%
Narrative Update • Jun 22

KNX: Tight Truckload Upswing Will Outpace Realistic Earnings And Margin Recovery

Analysts have raised their price targets on Knight-Swift Transportation Holdings into a higher $80 to $90 range, citing expectations for an earnings inflection in truckload markets, a larger contribution from less than truckload operations, a shift toward what they describe as a higher quality earnings mix, and potential industry supply attrition following recent legal developments. Analyst Commentary Recent Street research around Knight-Swift Transportation Holdings has tilted constructive, with several firms lifting price targets into the high $80s and low $90s.
GRAB
US$3.49
Grab Holdings
7D
1.2%
1Y
-24.0%
UBER
US$73.85
Uber Technologies
7D
4.1%
1Y
-18.8%
Seeking Alpha • Jun 22

Uber Technologies: Why Demand Distribution Matters More Than Autonomous Driving

Summary Strong business metrics: Gross Bookings at a constant currency growth of 21% YoY, MAPC growth of 17%, and total Trips growth of 20%. Uber One, with over 50M members, creates an engagement loop that increases order volume and keeps users in the Uber ecosystem. Uber is not fighting autonomous vehicles, it is becoming their distribution layer. Delivery is becoming more relevant to Uber’s revenue and is reducing the exposure to ride-hailing. My stress test values the Delivery segment alone in the range of $14-$39 per share. My DCF yields $115.88. At $73, the risk/rewards look compelling. Read the full article on Seeking Alpha
XPO
US$196.83
XPO
7D
-2.5%
1Y
58.7%
Analysis Article • Jun 21

XPO (XPO) Stock Could Be 10.7% Undervalued After Its Recent Pullback

XPO (XPO) has drawn fresh attention after recent share price moves, with the stock down 1.1% on the day and 12.6% over the past week, following what has been described as a strong year-to-date performance. See our latest analysis for XPO. Despite the recent pullback, with a 1-day share price return of down 1.13% and a 7-day share price return of down 12.63%, XPO still shows strong momentum when you look at the 43.74% year to date share price return and very large multi year total shareholder...
JBHT
US$269.06
J.B. Hunt Transport Services
7D
0.7%
1Y
88.5%
Narrative Update • Jun 18

JBHT: Tight Capacity And Intermodal Gains Will Support Shares But Limit Upside

The analyst price target for J.B. Hunt Transport Services has been raised from $238.27 to $251.45, reflecting analysts' updated views on intermodal share gain opportunities, pricing leverage, and continued support from truckload and contract pricing trends. Analyst Commentary Recent research on J.B. Hunt Transport Services points to an active period of reassessment, with multiple firms revising price targets and reaffirming positive ratings tied to intermodal, truckload, and contract pricing themes.
NSC
US$303.82
Norfolk Southern
7D
1.1%
1Y
19.0%
YMM
US$7.81
Full Truck Alliance
7D
-2.4%
1Y
-35.3%
Narrative Update • Jun 16

YMM: Future Returns Will Balance Buybacks Bullish Calls And Execution Risks

Analysts have reduced their average price target on Full Truck Alliance stock to about $8.24 per share from roughly $8.29. This revision reflects updated assumptions around revenue growth, profit margins, discount rates and future P/E multiples, following a series of recent bullish initiations and upgrades by major firms.
FDXF
US$160.45
FedEx Freight Holding Company
7D
-0.9%
1Y
n/a
R
US$261.01
Ryder System
7D
-1.9%
1Y
67.4%
Narrative Update • Jun 11

R: Earnings Upside And Buybacks Will Support A Balanced 2026 Outlook

Analysts have nudged their price target for Ryder System higher to $264.63 from $260.88, reflecting updated views on fair value, the discount rate, revenue growth, profit margins, and future P/E assumptions. What's in the News Ryder reported first quarter revenue in line with expectations, with adjusted operating income and full year EPS guidance above prior expectations.