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U.S. Transportation Industry Analysis

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies48
  • 7D-1.2%
  • 3M5.3%
  • 1Y12.2%
  • YTD13.9%

Over the last 7 days, the Transportation industry has dropped 1.2%, driven by a pullback from Uber Technologies of 9.0%. Over the past 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Jul 2026US$717.4bUS$238.4bUS$27.4b37.9x26.2x3x
Tue, 23 Jun 2026US$664.1bUS$236.0bUS$27.1b39.5x24.5x2.8x
Thu, 21 May 2026US$670.4bUS$235.0bUS$27.7b39.8x24.2x2.9x
Sat, 18 Apr 2026US$657.6bUS$232.3bUS$29.3b44x22.4x2.8x
Mon, 16 Mar 2026US$610.4bUS$231.8bUS$29.3b31.7x20.9x2.6x
Wed, 11 Feb 2026US$652.6bUS$230.8bUS$26.3b39.6x24.8x2.8x
Fri, 09 Jan 2026US$633.1bUS$228.4bUS$33.3b33.8x19x2.8x
Sun, 07 Dec 2025US$650.7bUS$228.0bUS$33.3b31x19.5x2.9x
Tue, 04 Nov 2025US$651.4bUS$224.0bUS$29.0b27x22.5x2.9x
Thu, 02 Oct 2025US$661.9bUS$223.6bUS$29.7b23.2x22.3x3x
Sat, 30 Aug 2025US$635.5bUS$222.8bUS$30.2b26.2x21.1x2.9x
Mon, 28 Jul 2025US$642.0bUS$219.6bUS$29.8b27x21.6x2.9x
Wed, 25 Jun 2025US$624.0bUS$219.1bUS$29.6b25.8x21.1x2.8x
Fri, 23 May 2025US$604.7bUS$218.8bUS$29.7b25.8x20.4x2.8x
Sun, 20 Apr 2025US$550.4bUS$216.4bUS$26.3b24.6x21x2.5x
Tue, 18 Mar 2025US$581.8bUS$216.4bUS$27.3b27.1x21.3x2.7x
Thu, 13 Feb 2025US$639.1bUS$215.9bUS$27.4b30x23.3x3x
Sat, 11 Jan 2025US$588.8bUS$213.2bUS$21.8b27.7x27x2.8x
Mon, 09 Dec 2024US$618.4bUS$213.5bUS$21.9b30.3x28.3x2.9x
Wed, 06 Nov 2024US$614.4bUS$222.4bUS$20.4b31.6x30.2x2.8x
Fri, 04 Oct 2024US$615.2bUS$220.8bUS$17.2b29.3x35.7x2.8x
Sun, 01 Sep 2024US$615.7bUS$220.2bUS$17.0b27.7x36.2x2.8x
Tue, 30 Jul 2024US$587.6bUS$217.7bUS$17.2b26.9x34.1x2.7x
Thu, 27 Jun 2024US$577.0bUS$216.9bUS$16.7b25.7x34.6x2.7x
Sat, 25 May 2024US$570.3bUS$216.2bUS$16.7b24.8x34.1x2.6x
Mon, 22 Apr 2024US$596.1bUS$214.5bUS$18.0b23x33.1x2.8x
Wed, 20 Mar 2024US$631.1bUS$212.8bUS$17.5b22.2x36x3x
Fri, 16 Feb 2024US$642.8bUS$212.8bUS$17.1b24x37.6x3x
Sun, 14 Jan 2024US$578.6bUS$216.0bUS$16.9b21.6x34.2x2.7x
Tue, 12 Dec 2023US$562.4bUS$216.0bUS$16.8b21.4x33.5x2.6x
Thu, 09 Nov 2023US$504.2bUS$215.3bUS$16.3b20.3x31x2.3x
Sat, 07 Oct 2023US$498.4bUS$217.5bUS$16.6b14.3x30.1x2.3x
Mon, 04 Sep 2023US$526.7bUS$214.3bUS$13.7b14.8x38.3x2.5x
Wed, 02 Aug 2023US$544.4bUS$215.2bUS$13.2b15.7x41.1x2.5x
Price to Earnings Ratio

41.1x


Total Market Cap: US$544.4bTotal Earnings: US$13.2bTotal Revenue: US$215.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 28.1x202420252026
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 28.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Transportation industry have grown 39% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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-1.06%
Industrials1.30%
Transportation-1.23%
Railroads2.93%
Cargo Ground Transportation-1.84%
Trucking-8.20%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 34.8x.
    • Analysts are expecting annual earnings growth of 27.3%, 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 40.1x.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 27% 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 8.4% 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
CSX CSXUS$53.234.9%
+US$4.3b		48.9%PE30.6x
UNP Union PacificUS$307.321.8%
+US$3.4b		36.7%PE24.9x
NSC Norfolk SouthernUS$350.663.1%
+US$2.4b		24.2%PE29.9x
FDXF FedEx Freight Holding CompanyUS$158.003.8%
+US$858.2m		n/aPE26.2x
LIME Neutron HoldingsUS$28.237.7%
+US$129.3m		n/aPS1.9x

Latest News

CSX
US$53.23
CSX
7D
4.9%
1Y
48.9%
Analysis Article • 14h

Analysts Have Made A Financial Statement On CSX Corporation's (NASDAQ:CSX) Second-Quarter Report

Investors in CSX Corporation ( NASDAQ:CSX ) had a good week, as its shares rose 4.9% to close at US$53.23 following the...
NSC
US$350.66
Norfolk Southern
7D
3.1%
1Y
24.2%
UNP
US$307.32
Union Pacific
7D
1.8%
1Y
36.7%
KNX
US$72.50
Knight-Swift Transportation Holdings
7D
-5.5%
1Y
61.7%
JBHT
US$288.30
J.B. Hunt Transport Services
7D
-1.1%
1Y
93.1%
LSTR
US$200.28
Landstar System
7D
-5.3%
1Y
40.4%
GRAB
US$3.31
Grab Holdings
7D
-7.3%
1Y
-38.2%
SAIA
US$423.68
Saia
7D
-3.0%
1Y
27.0%
Seeking Alpha • Jul 23

Saia: Network Expansion Winds Down And Shareholder Rewards Come Into Focus

Summary Saia transitions from heavy capital expansion to harvesting, positioning for increased free cash flow and potential capital returns. With capex forecasted at $350–$400 million for 2026, even modest reductions directly and significantly boost FCF, enabling buybacks or dividends. SAIA’s valuation appears rich, but industry peers are similarly priced; a conservative price target of $446.34 implies 4.7% upside. I maintain a Buy rating on SAIA, citing maturing network investments, robust FCF outlook, and likely shareholder rewards. Read the full article on Seeking Alpha
LYFT
US$14.20
Lyft
7D
-8.5%
1Y
-0.7%
UBER
US$65.94
Uber Technologies
7D
-9.0%
1Y
-27.8%
Narrative Update • Jul 22

UBER: Delivery Hero Deal And Robotaxis Will Define Next Phase

For Uber Technologies, the analyst price target implied by the updated fair value framework has been reduced by about $7.84 to roughly $75.79, as analysts factor in a slightly higher discount rate, more measured revenue growth and profit margin assumptions, and a lower future P/E multiple, despite continued support from recent research on delivery expansion, AI adoption, and autonomous vehicle opportunities. Analyst Commentary Recent research on Uber Technologies reflects a mix of optimism around growth initiatives and more restrained views on valuation and execution risk.
LIME
US$28.23
Neutron Holdings
7D
7.7%
1Y
n/a
Seeking Alpha • Jul 20

Neutron Holdings: Rapid Growth, Compelling Path To Profitability

Summary I am initiating Neutron Holdings with a buy rating, citing strong growth, healthy unit economics, and secular urbanization tailwinds. LIME reported 29% y/y revenue growth to $887M in 2025, with Q1'26 revenue up 32% y/y and 3.8M monthly active users (+21% y/y). Adjusted EBITDA margin reached 24.6% in FY25, with free cash flow of $103.8M and a one-year payback period on fleet investments. At an EV/EBITDA multiple of 7.3x FY26 and 16.9x EV/FCF, LIME offers an attractive entry amid manageable risks from capex intensity, Uber dependence, and regulation. Read the full article on Seeking Alpha
ULH
US$15.78
Universal Logistics Holdings
7D
10.4%
1Y
-47.6%
Narrative Update • Jul 15

ULH: Early Truckload Recovery And Index Changes Will Shape Future Returns

Analysts have trimmed their fair value estimate and price target for Universal Logistics Holdings to $15 from $17, pointing to more cautious expectations for revenue growth and profit margins, while still viewing the truckload cycle as being in an early, supply-driven recovery phase. Analyst Commentary Recent research on Universal Logistics Holdings highlights a mixed view, with analysts adjusting expectations while still acknowledging an early-stage recovery in the truckload cycle that is largely driven by tighter supply rather than clear demand strength.
RXO
US$25.63
RXO
7D
-12.5%
1Y
47.1%
Narrative Update • Jul 15

RXO: Tightening Truckload Cycle Will Drive Freight Brokerage Upside Potential

Analysts have raised the RXO fair value estimate to $35.00 from $29.00. The revised estimate reflects updated views that sector forecasts, tighter truckload capacity, and improving freight demand support higher revenue growth assumptions, even as margin expectations and the implied future P/E move lower.
YMM
US$9.21
Full Truck Alliance
7D
0.8%
1Y
-19.4%
Narrative Update • Jul 14

YMM: Reset Expectations And 30-Day Catalyst Watch Will Drive Bullish Repricing

Full Truck Alliance's analyst price target has been revised to $16.17 from $16.77, as analysts attribute the change to a lower assumed future P/E multiple, along with slightly stronger modeled revenue growth and profit margins following recent upgrades and new coverage. Analyst Commentary Recent research coverage on Full Truck Alliance shows a cluster of bullish opinions, with several banks raising ratings, setting new price targets, and highlighting potential upside after recent share price weakness and earnings forecast resets.
MRT
US$2.05
Marti Technologies
7D
28.1%
1Y
-24.9%
Narrative Update • Jul 13

Marti Keeps Buying Its Own Stock: A Read on Management Confidence

Marti Technologies (NYSE American: MRT) updated the market on June 29, 2026 with fresh detail on its share repurchase program. The signal is worth unpacking for anyone weighing management's conviction in the business.
FDXF
US$158.00
FedEx Freight Holding Company
7D
3.8%
1Y
n/a
Seeking Alpha • Jul 13

FedEx Freight Has A Good Story At A Full Price

Summary FedEx Freight demonstrates solid post-spinoff execution, disciplined capital allocation, and early margin improvement, but valuation is demanding. Consensus expects 4–6% revenue CAGR and adjusted operating margins of 11.5–12% through 2026; management targets up to 15% margins longer term. Capital allocation prioritizes leverage reduction, dividends, buybacks, and selective M&A, supported by strong free cash flow conversion above 90%. I maintain a Hold rating: upside is limited unless FDXF consistently beats on margins, capital returns, and separation execution. Read the full article on Seeking Alpha