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U.S. Transportation Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies49
  • 7D3.4%
  • 3M10.2%
  • 1Y8.7%
  • YTD9.1%

Over the last 7 days, the Transportation industry has risen 3.4%, driven by gains from Union Pacific of 5.2%. Meanwhile, FedEx Freight Holding Company actually underperformed within the industry, shrinking 9.3% in the last week. This takes the industry's 12 month performance to a gain of 8.7%. 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
Wed, 01 Jul 2026US$692.6bUS$235.9bUS$27.1b42.2x25.6x2.9x
Fri, 29 May 2026US$693.7bUS$235.2bUS$27.6b38.1x25.2x2.9x
Sun, 26 Apr 2026US$677.6bUS$232.5bUS$29.3b41.2x23.1x2.9x
Tue, 24 Mar 2026US$604.1bUS$231.8bUS$29.3b34.1x20.6x2.6x
Thu, 19 Feb 2026US$647.6bUS$230.9bUS$29.1b36.8x22.3x2.8x
Sat, 17 Jan 2026US$637.6bUS$228.4bUS$33.3b32.3x19.1x2.8x
Mon, 15 Dec 2025US$645.7bUS$228.1bUS$33.3b32.3x19.4x2.8x
Wed, 12 Nov 2025US$640.0bUS$227.1bUS$33.1b27.6x19.4x2.8x
Fri, 10 Oct 2025US$671.6bUS$223.6bUS$29.7b24.9x22.6x3x
Sun, 07 Sep 2025US$631.4bUS$223.5bUS$29.7b25.1x21.2x2.8x
Tue, 05 Aug 2025US$606.4bUS$219.7bUS$29.8b25.7x20.3x2.8x
Thu, 03 Jul 2025US$637.0bUS$219.7bUS$29.8b25.7x21.4x2.9x
Sat, 31 May 2025US$598.9bUS$219.0bUS$29.6b25.4x20.2x2.7x
Mon, 28 Apr 2025US$551.2bUS$216.3bUS$26.9b23.5x20.5x2.5x
Wed, 26 Mar 2025US$594.3bUS$216.3bUS$27.3b26.9x21.8x2.7x
Fri, 21 Feb 2025US$643.0bUS$216.2bUS$27.4b29.7x23.5x3x
Sun, 19 Jan 2025US$602.4bUS$213.1bUS$21.8b29.6x27.6x2.8x
Tue, 17 Dec 2024US$599.4bUS$213.5bUS$21.9b28.5x27.4x2.8x
Thu, 14 Nov 2024US$642.6bUS$213.3bUS$20.9b30.8x30.7x3x
Sat, 12 Oct 2024US$623.5bUS$220.6bUS$17.2b30.3x36.2x2.8x
Mon, 09 Sep 2024US$596.3bUS$220.5bUS$17.2b28.3x34.6x2.7x
Wed, 07 Aug 2024US$558.3bUS$217.9bUS$16.2b27.4x34.5x2.6x
Fri, 05 Jul 2024US$581.3bUS$216.9bUS$16.7b25.3x34.9x2.7x
Sun, 02 Jun 2024US$574.3bUS$217.0bUS$16.7b25.1x34.4x2.6x
Tue, 30 Apr 2024US$596.7bUS$214.6bUS$17.1b23.8x35x2.8x
Thu, 28 Mar 2024US$614.1bUS$212.7bUS$17.5b22.2x35x2.9x
Sat, 24 Feb 2024US$649.6bUS$212.8bUS$17.5b24.6x37.1x3.1x
Mon, 22 Jan 2024US$581.9bUS$215.7bUS$16.9b21.6x34.5x2.7x
Wed, 20 Dec 2023US$582.9bUS$216.2bUS$16.8b21.5x34.7x2.7x
Fri, 17 Nov 2023US$529.9bUS$215.7bUS$16.9b21x31.4x2.5x
Sun, 15 Oct 2023US$497.4bUS$217.5bUS$16.6b14.3x30x2.3x
Tue, 12 Sep 2023US$515.9bUS$214.3bUS$13.7b14.4x37.6x2.4x
Thu, 10 Aug 2023US$524.6bUS$214.2bUS$13.3b15.5x39.4x2.4x
Sat, 08 Jul 2023US$498.8bUS$216.9bUS$12.9b12.8x38.5x2.3x
Price to Earnings Ratio

38.5x


Total Market Cap: US$498.8bTotal Earnings: US$12.9bTotal Revenue: US$216.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 28.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Transportation industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.4x.
  • 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 2.8% 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 Market1.92%
Industrials2.63%
Transportation3.45%
Railroads4.22%
Trucking3.15%
Cargo Ground Transportation2.39%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 34.0x.
    • Analysts are expecting annual earnings growth of 23.5%, 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 39.4x.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 24% 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 7.8% 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
UNP Union PacificUS$272.005.2%
+US$7.9b		15.5%PE22.4x
UBER Uber TechnologiesUS$72.163.6%
+US$5.1b		-21.7%PE17.2x
CSX CSXUS$47.533.0%
+US$2.5b		42.0%PE29x
NSC Norfolk SouthernUS$314.593.7%
+US$2.5b		19.9%PE26.5x
JBHT J.B. Hunt Transport ServicesUS$289.437.5%
+US$1.9b		91.6%PE43.9x

Latest News

SAIA
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Saia
7D
-2.3%
1Y
47.3%
CAR
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Avis Budget Group
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-22.4%
1Y
-14.0%
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Avis Budget: Be Cautious Of Used Car Price Dynamics

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XPO
US$205.29
XPO
7D
3.0%
1Y
58.6%
NSC
US$314.59
Norfolk Southern
7D
3.7%
1Y
19.9%
FDXF
US$151.00
FedEx Freight Holding Company
7D
-9.3%
1Y
n/a
UBER
US$72.16
Uber Technologies
7D
3.6%
1Y
-21.7%
HTZ
US$2.27
Hertz Global Holdings
7D
-55.2%
1Y
-67.9%
Narrative Update • Jun 29

HTZ: Future Upside Will Depend On Sharper Depreciation And Fleet Disposition Execution

Analysts have raised their fair value estimate for Hertz Global Holdings from $5.00 to $6.00 per share, reflecting updated assumptions on discount rates, revenue growth, profitability, and future P/E in light of recent research highlighting execution questions around vehicle depreciation and used car trends. Analyst Commentary Recent research on Hertz Global Holdings centers on how the company is handling vehicle depreciation and used car trends.
KNX
US$77.87
Knight-Swift Transportation Holdings
7D
5.2%
1Y
69.0%
CSX
US$47.53
CSX
7D
3.0%
1Y
42.0%
New Narrative • Jun 28

Rail Capacity Expansion And Cost Efficiencies Will Support Stronger Long-Term Freight Opportunities

Catalysts About CSX CSX operates a major freight railroad network in the eastern United States, moving merchandise, intermodal containers and coal for industrial and consumer end markets. What are the underlying business or industry changes driving this perspective?
GRAB
US$3.77
Grab Holdings
7D
8.0%
1Y
-23.1%
Seeking Alpha • Jun 26

Grab's Technical Support Breached - Selloff Triggers Dip Buying Opportunity

Summary Grab Holdings has breached the prior technical support established since the Q3 '22 bottom, given the notable commission rate changes in Indonesia. Otherwise, the management already reiterates their robust FY2026 guidance, attributed to the incremental growth opportunities through the financial services and GrabMart. The expanding FCF generation and the healthy balance sheet underscore GRAB's ability to sustain their profitable growth prospects across in-house investments and accretive M&A activities. The meltdown has triggered the cheaper EV/EBITDA of 13.77x (near to superapp peers), with the oversold technical indicators signaling a compelling, contrarian entry point. GRAB is an even Better Buy here, albeit with near-term underperformance risks from the uncertain macro/geopolitical environment and the elevated short interest ratio. Read the full article on Seeking Alpha
MRT
US$1.31
Marti Technologies
7D
-27.6%
1Y
-55.0%
Narrative Update • Jun 26

MRT: Share Repurchase Plan Will Support Bullish Outlook Despite Fair Value Reset

Analysts have trimmed their price target on Marti Technologies to reflect a fair value reset from about $3.00 to roughly $2.40, citing updated assumptions around growth, margins, discount rates, and future P/E expectations. What's in the News for Marti Technologies Marti Technologies reaffirmed its 2026 revenue guidance at $70.0 million, according to recent corporate guidance disclosures.
ODFL
US$216.60
Old Dominion Freight Line
7D
-1.1%
1Y
27.5%
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UNP
US$272.00
Union Pacific
7D
5.2%
1Y
15.5%
LSTR
US$206.81
Landstar System
7D
-0.3%
1Y
42.4%
Narrative Update • Jun 25

LSTR: Tightening Truck Capacity Will Likely Cap Future Return Potential

The analyst fair value target for Landstar System has been raised by $5 to $181. Analysts attribute this change to expectations for stronger freight demand, tighter truck capacity, and slightly higher assumed revenue growth, profit margins, and forward P/E multiples in their updated models.
PAL
US$6.81
Proficient Auto Logistics
7D
-7.2%
1Y
-3.3%
Narrative Update • Jun 22

PAL: Stable Assumptions And Repurchases Will Support Long-Term Upside Potential

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JBHT
US$289.43
J.B. Hunt Transport Services
7D
7.5%
1Y
91.6%
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.