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U.S. Transportation Industry Analysis

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies49
  • 7D1.8%
  • 3M12.7%
  • 1Y10.6%
  • YTD11.8%

The Transportation industry is up 1.8% in the last week, with Union Pacific up 5.2%. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Jul 2026US$700.7bUS$236.0bUS$26.9b42.7x26x3x
Mon, 01 Jun 2026US$687.3bUS$235.2bUS$27.6b41.9x24.9x2.9x
Wed, 29 Apr 2026US$680.7bUS$232.5bUS$29.3b41.6x23.2x2.9x
Fri, 27 Mar 2026US$613.9bUS$231.7bUS$29.3b35.1x21x2.6x
Sun, 22 Feb 2026US$664.8bUS$230.9bUS$29.1b37.7x22.8x2.9x
Tue, 20 Jan 2026US$635.7bUS$228.4bUS$33.3b32.3x19.1x2.8x
Thu, 18 Dec 2025US$629.5bUS$228.1bUS$33.3b30.8x18.9x2.8x
Sat, 15 Nov 2025US$628.7bUS$227.2bUS$33.0b26.2x19x2.8x
Mon, 13 Oct 2025US$638.3bUS$223.6bUS$29.7b24x21.5x2.9x
Wed, 10 Sep 2025US$636.1bUS$223.6bUS$29.7b24.6x21.4x2.8x
Fri, 08 Aug 2025US$623.6bUS$221.9bUS$30.1b25.3x20.7x2.8x
Sun, 06 Jul 2025US$643.2bUS$219.7bUS$29.8b25.8x21.6x2.9x
Tue, 03 Jun 2025US$595.2bUS$219.0bUS$29.6b25.5x20.1x2.7x
Thu, 01 May 2025US$557.0bUS$216.2bUS$26.9b23.5x20.7x2.6x
Sat, 29 Mar 2025US$592.1bUS$216.3bUS$27.3b26.3x21.7x2.7x
Mon, 24 Feb 2025US$626.0bUS$216.2bUS$27.4b29.4x22.9x2.9x
Wed, 22 Jan 2025US$602.4bUS$213.4bUS$21.8b30.2x27.6x2.8x
Fri, 20 Dec 2024US$582.5bUS$213.4bUS$21.9b27.2x26.7x2.7x
Sun, 17 Nov 2024US$633.4bUS$213.2bUS$20.9b31.7x30.3x3x
Tue, 15 Oct 2024US$649.7bUS$220.6bUS$17.2b30.3x37.7x2.9x
Thu, 12 Sep 2024US$599.5bUS$220.4bUS$17.2b29x34.8x2.7x
Sat, 10 Aug 2024US$590.7bUS$219.7bUS$16.9b26.7x35x2.7x
Mon, 08 Jul 2024US$578.8bUS$216.9bUS$16.7b25.1x34.7x2.7x
Wed, 05 Jun 2024US$566.7bUS$217.0bUS$16.7b25x34x2.6x
Fri, 03 May 2024US$582.5bUS$214.3bUS$16.9b25.1x34.4x2.7x
Sun, 31 Mar 2024US$639.5bUS$212.7bUS$17.6b23.5x36.2x3x
Tue, 27 Feb 2024US$647.1bUS$212.8bUS$17.5b24.2x37x3x
Thu, 25 Jan 2024US$588.2bUS$215.7bUS$16.9b21.6x34.8x2.7x
Sat, 23 Dec 2023US$586.6bUS$216.2bUS$16.8b21.6x34.9x2.7x
Mon, 20 Nov 2023US$531.9bUS$215.8bUS$16.7b21x31.8x2.5x
Wed, 18 Oct 2023US$509.1bUS$217.4bUS$16.6b14.6x30.7x2.3x
Fri, 15 Sep 2023US$514.6bUS$214.3bUS$13.7b14.7x37.5x2.4x
Sun, 13 Aug 2023US$523.8bUS$214.1bUS$13.2b15.5x39.6x2.4x
Tue, 11 Jul 2023US$504.7bUS$216.9bUS$12.9b12.8x39x2.3x
Price to Earnings Ratio

39x


Total Market Cap: US$504.7bTotal Earnings: US$12.9bTotal Revenue: US$216.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 28.3x202420252026
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 28.3x.
  • 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 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 Market1.63%
Industrials-0.14%
Transportation1.78%
Railroads3.99%
Cargo Ground Transportation0.52%
Trucking-0.73%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 34.1x.
    • 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 39.5x.
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 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$282.255.2%
+US$8.3b		19.5%PE23.2x
CSX CSXUS$48.892.6%
+US$2.3b		45.5%PE29.8x
NSC Norfolk SouthernUS$322.713.2%
+US$2.2b		22.9%PE27.2x
GRAB Grab HoldingsUS$3.909.9%
+US$1.4b		-19.9%PE42x
YMM Full Truck AllianceUS$8.439.2%
+US$736.7m		-30.2%PE14.4x

Latest News

CSX
US$48.89
CSX
7D
2.6%
1Y
45.5%
Seeking Alpha • 7h

CSX Corporation Is Getting Better, But The Stock Already Knows It

Summary CSX Corporation remains a high-quality railroad with a durable competitive moat and improving operational outlook into 2026. Despite operational improvements and growth levers like the Howard Street Tunnel, CSX trades at a premium 30x TTM P/E, above peers. Normalized free cash flow yield is projected at only 3-3.2% for 2026, leaving valuation stretched even with margin recovery. I rate CSX a hold, as the current risk-reward is insufficient for a buy despite the potential for multi-year FCF and margin gains. Read the full article on Seeking Alpha
NSC
US$322.71
Norfolk Southern
7D
3.2%
1Y
22.9%
Seeking Alpha • Jul 03

Norfolk Southern: The 15% Premium Is Not As Free As It Seems

Summary Norfolk Southern is a high-quality railroad with irreplaceable assets, but its valuation is currently driven by a pending Union Pacific merger. The proposed UNP-NSC merger offers a 15% premium, but regulatory approval remains uncertain, and the deal structure exposes NSC holders to UNP share price risk. NSC’s recent financials show flat revenue, declining margins, and significant capex needs, with cash flow pressured by incident-related payouts and ongoing maintenance. I rate NSC a Hold, as merger-driven upside is offset by regulatory, timing, and standalone valuation risks, making the risk/reward unattractive for new positions. Read the full article on Seeking Alpha
FDXF
US$150.81
FedEx Freight Holding Company
7D
-2.0%
1Y
n/a
LYFT
US$15.37
Lyft
7D
7.7%
1Y
-4.8%
XPO
US$206.33
XPO
7D
2.4%
1Y
56.2%
Narrative Update • Jul 02

XPO: Elevated P/E Will Depend On Sustaining Freight Cycle Upswing

Analysts have lifted the XPO fair value estimate by about $17 to $151.90, reflecting updates to revenue growth, profit margin, and future P/E assumptions in light of higher price targets across recent Street research on the stock. Analyst Commentary Recent Street research around XPO shows a cluster of higher price targets and constructive views on the less than truckload segment, but it also highlights areas where expectations and valuations are becoming more sensitive to execution and freight cycle trends.
ODFL
US$217.65
Old Dominion Freight Line
7D
-0.5%
1Y
27.3%
Narrative Update • Jul 02

ODFL: Tightening Freight Capacity Will Support Future Earnings Resilience

Old Dominion Freight Line's analyst fair value target has been raised from $245.00 to $260.00. This reflects analysts' updated assumptions for slightly stronger revenue growth, higher profit margins, and a modestly lower discount rate following a series of Street price target increases across the less than truckload group.
JBHT
US$285.83
J.B. Hunt Transport Services
7D
2.0%
1Y
87.0%
Narrative Update • Jul 02

JBHT: Intermodal Demand And Tight Trucking Capacity Will Drive Q2 Upside

Analysts have raised the J.B. Hunt Transport Services fair value estimate to $330 from $300. This change reflects updated assumptions around revenue growth, profit margins, discount rate and future P/E, alongside a wave of higher Street price targets supported by views on intermodal demand, freight volumes and tighter trucking capacity.
ARCB
US$139.67
ArcBest
7D
-4.5%
1Y
68.2%
CAR
US$163.44
Avis Budget Group
7D
-1.8%
1Y
-9.9%
Narrative Update • Jul 01

CAR: Lawsuit Resolution And Higher Margins Will Support Future Upside

Analysts have raised their price target for Avis Budget Group from $128 to $170, citing updated assumptions for revenue growth, profit margins, and future P/E, which contribute to a higher assessed fair value despite a slightly higher discount rate. What’s in the News for Avis Budget Group Avis Budget Group agreed to a US$650 million cash settlement with hedge fund Pentwater Capital Management to resolve a Section 16(b) short swing profit lawsuit, with final approval pending court review for fairness, reasonableness, and adequacy.
SAIA
US$416.69
Saia
7D
-3.2%
1Y
41.4%
SNDR
US$35.80
Schneider National
7D
-1.4%
1Y
39.5%
YMM
US$8.43
Full Truck Alliance
7D
9.2%
1Y
-30.2%
Narrative Update • Jun 30

YMM: Future Returns Will Hinge On Execution Against A Reset Expectations Bar

Analysts have modestly lifted their fair value estimate for Full Truck Alliance. The higher price target is informed by slightly stronger implied revenue growth, a small uptick in projected profit margins, and a higher assumed future P/E multiple.
UBER
US$74.43
Uber Technologies
7D
-2.3%
1Y
-20.5%
HTZ
US$2.12
Hertz Global Holdings
7D
-19.7%
1Y
-70.9%
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.
GRAB
US$3.90
Grab Holdings
7D
9.9%
1Y
-19.9%
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
UNP
US$282.25
Union Pacific
7D
5.2%
1Y
19.5%