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U.S. Transportation Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies49
  • 7D3.6%
  • 3M9.8%
  • 1Y8.0%
  • YTD5.7%

The Transportation industry is up 3.6% in the last week, with Uber Technologies up 5.5%. During this same period, the Avis Budget Group underperformed, falling 18%. In the last 12 months, the industry was up 8.0%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 05 May 2023US$463.1bUS$217.6bUS$12.4b14.3x37.5x2.1x
Sun, 02 Apr 2023US$459.3bUS$221.1bUS$3.5b13.4x131.2x2.1x
Tue, 28 Feb 2023US$480.5bUS$220.7bUS$3.4b14.1x141.5x2.2x
Price to Earnings Ratio

141.5x


Total Market Cap: US$480.5bTotal Earnings: US$3.4bTotal Revenue: US$220.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 36.3x202420252026
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 22.5x which is lower than its 3-year average PE of 36.3x.
  • 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 105% 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 Market0.99%
Industrials1.63%
Transportation3.56%
Trucking5.03%
Cargo Ground Transportation4.78%
Railroads2.04%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 30.5x.
    • Analysts are expecting annual earnings growth of 21.2%, 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 36.1x.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 21% 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 9.1% 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$73.865.5%
+US$8.0b		-6.4%PE15.1x
UNP Union PacificUS$266.102.1%
+US$3.2b		8.4%PE22.1x
CSX CSXUS$42.313.5%
+US$2.7b		31.0%PE27.2x
ODFL Old Dominion Freight LineUS$201.394.2%
+US$1.7b		11.6%PE41.1x
XPO XPOUS$209.877.4%
+US$1.7b		68.5%PE77.8x

Latest News

ODFL
US$201.39
Old Dominion Freight Line
7D
4.2%
1Y
11.6%
WETO
US$0.44
Webus International
7D
-7.8%
1Y
n/a
CAR
US$96.47
Avis Budget Group
7D
-18.5%
1Y
10.8%
SAIA
US$411.63
Saia
7D
6.9%
1Y
1.2%

SAIA: Elevated Freight Cycle Expectations Will Increase Execution Risk Over 2026

The updated Analyst Price Target for Saia reflects a higher fair value estimate of $284.20. Analysts point to adjusted assumptions for revenue growth, profit margin and future P/E, along with a mixed but generally higher set of Street price targets across the transport group.
XPO
US$209.87
XPO
7D
7.4%
1Y
68.5%

XPO: Freight Cycle Recovery And Margin Expansion Are Expected To Reprice Shares

The analyst fair value estimate for XPO has been raised from $180 to $250. This increase reflects higher Street price targets across several firms as analysts factor in stronger revenue growth, improving margins, a richer assumed future P/E, and a slightly lower discount rate in their models.
GRAB
US$4.38
Grab Holdings
7D
6.1%
1Y
-10.6%

GRAB: Share Buyback And Lidar Partnership Will Shape Future Leadership

Analysts have revised their price target on Grab Holdings to $6.65, a modest reset that reflects slightly lower modeled fair value, revenue growth, and profit margin assumptions while still using a similar forward P/E framework. Analyst Commentary Bullish Takeaways Bullish analysts see the recent upgrade case as rooted in valuation, with the revised price target suggesting they still view the current P/E based framework as reasonable for Grab Holdings.
JBHT
US$230.16
J.B. Hunt Transport Services
7D
3.8%
1Y
37.2%

JBHT: Cost Discipline And Capital Returns Will Support Earnings Through Sector Uncertainty

Analysts have slightly raised their average price target for J.B. Hunt Transport Services to around $210, citing updated views on earnings resilience, modestly adjusted discount rates and revenue growth assumptions, as well as a slightly higher expected future P/E multiple supported by recent sector research. Analyst Commentary Recent Street research around J.B. Hunt clusters around a higher set of price targets, but with very different views on how much upside is still available and how smooth execution might be from here.
CSX
US$42.31
CSX
7D
3.5%
1Y
31.0%

CSX: Fair Outlook Weighs New Locomotive Spend Against Rail And Trucking Risks

Narrative Update: CSX Analyst Price Target Reset The CSX analyst price target has been fine tuned, with modest upward and downward $1 moves across several firms. These are offset by a higher $43 target from JPMorgan and a $40 target from TD Cowen, as analysts factor in recent transportation sector research, updated discount rate assumptions and a slightly higher future P/E input.
UBER
US$73.86
Uber Technologies
7D
5.5%
1Y
-6.4%

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Uber’s recent moves in Türkiye are hard to ignore. In the past year, $UBER has committed over $1B across Trendyol Go and Getir delivery assets — paying ~0.34–0.41x gross bookings for businesses operating at ~4% global EBITDA margins.
ZDAI
US$4.79
DirectBooking Technology
7D
-21.2%
1Y
-58.7%
FIP
US$5.94
FTAI Infrastructure
7D
-1.0%
1Y
-0.3%

FIP: Higher Revenue And Margin Expectations Will Support Future Upside Potential

Analysts have raised their price target on FTAI Infrastructure to US$10.00, reflecting updated assumptions that point to slightly higher revenue growth and profit margin expectations, along with a modestly lower future P/E multiple and discount rate. Valuation Changes Fair Value: The fair value estimate remains unchanged at US$10.00 per share.
UNP
US$266.10
Union Pacific
7D
2.1%
1Y
8.4%

UNP: Merger Scrutiny And Freight Demand Risks Will Shape Future Opportunity

Analysts have trimmed their price targets on Union Pacific by low single digits in recent weeks, generally citing mixed readthroughs from regulatory risk around the Norfolk Southern merger and freight demand, even as some models now assume slightly stronger revenue growth, higher profit margins, and a lower future P/E multiple. Analyst Commentary Recent research on Union Pacific shows a split tape, with some bullish analysts edging price targets higher and others turning more cautious as they reassess regulatory risk and freight demand assumptions.
HTZ
US$4.67
Hertz Global Holdings
7D
-7.4%
1Y
11.6%

HTZ: Lower Future P/E Will Restrain Upside Despite Healthier Profit Outlook

Analysts have nudged their price target on Hertz Global Holdings slightly lower, from about US$4.86 to US$4.75. This reflects updated views on discount rates, revenue growth, profit margins, and future P/E assumptions.
ELOG
US$1.05
Eastern International
7D
-5.4%
1Y
n/a
HXHX
US$0.54
Haoxin Holdings
7D
-14.5%
1Y
n/a

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BTOC
US$0.33
Armlogi Holding
7D
-19.3%
1Y
-87.7%