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U.S. Transportation Industry Analysis

UpdatedAug 01, 2026
DataAggregated Company Financials
Companies48
  • 7D-2.9%
  • 3M3.7%
  • 1Y15.8%
  • YTD11.0%

Over the last 7 days, the Transportation industry has dropped 2.9%, driven by Union Pacific declining 4.9%. On the other hand Uber Technologies is actually up 6.7%. Over the past 12 months, the industry was up 16%. 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
Sat, 01 Aug 2026US$690.2bUS$239.8bUS$27.5b35.5x25.1x2.9x
Mon, 29 Jun 2026US$688.4bUS$235.9bUS$27.1b40.3x25.4x2.9x
Wed, 27 May 2026US$664.5bUS$235.1bUS$27.6b40.6x24.1x2.8x
Fri, 24 Apr 2026US$658.2bUS$232.2bUS$29.3b41.5x22.5x2.8x
Sun, 22 Mar 2026US$604.1bUS$231.8bUS$29.3b32.5x20.6x2.6x
Tue, 17 Feb 2026US$641.9bUS$230.9bUS$29.1b36.9x22.1x2.8x
Thu, 15 Jan 2026US$637.5bUS$228.5bUS$33.3b33.6x19.1x2.8x
Sat, 13 Dec 2025US$644.2bUS$228.1bUS$33.3b32.3x19.4x2.8x
Mon, 10 Nov 2025US$633.1bUS$227.0bUS$33.0b27.7x19.2x2.8x
Wed, 08 Oct 2025US$676.9bUS$223.6bUS$29.7b24.5x22.8x3x
Fri, 05 Sep 2025US$629.7bUS$223.5bUS$29.7b25.4x21.2x2.8x
Sun, 03 Aug 2025US$606.4bUS$219.6bUS$29.8b25.4x20.3x2.8x
Tue, 01 Jul 2025US$627.3bUS$219.7bUS$29.8b25.1x21.1x2.9x
Thu, 29 May 2025US$610.6bUS$218.9bUS$29.7b25.2x20.6x2.8x
Sat, 26 Apr 2025US$562.2bUS$216.3bUS$26.9b23.5x20.9x2.6x
Mon, 24 Mar 2025US$586.5bUS$216.4bUS$27.3b26.6x21.5x2.7x
Wed, 19 Feb 2025US$646.3bUS$216.0bUS$27.4b30.7x23.6x3x
Fri, 17 Jan 2025US$598.2bUS$213.2bUS$21.8b29.7x27.4x2.8x
Sun, 15 Dec 2024US$599.4bUS$213.5bUS$21.9b29x27.4x2.8x
Tue, 12 Nov 2024US$645.8bUS$222.5bUS$20.0b33.5x32.3x2.9x
Thu, 10 Oct 2024US$616.9bUS$220.5bUS$17.2b30x35.8x2.8x
Sat, 07 Sep 2024US$596.3bUS$220.5bUS$17.2b28.3x34.6x2.7x
Mon, 05 Aug 2024US$568.2bUS$217.9bUS$16.2b27.2x35x2.6x
Wed, 03 Jul 2024US$578.3bUS$216.9bUS$16.7b25.3x34.7x2.7x
Fri, 31 May 2024US$567.7bUS$217.1bUS$16.7b24.6x34x2.6x
Sun, 28 Apr 2024US$596.7bUS$214.5bUS$17.1b24x35x2.8x
Tue, 26 Mar 2024US$644.8bUS$212.8bUS$17.5b22.9x36.8x3x
Thu, 22 Feb 2024US$632.0bUS$212.7bUS$17.1b24x37x3x
Sat, 20 Jan 2024US$580.3bUS$215.7bUS$16.9b21.6x34.4x2.7x
Mon, 18 Dec 2023US$578.5bUS$216.2bUS$16.8b21.5x34.5x2.7x
Wed, 15 Nov 2023US$511.5bUS$215.6bUS$16.9b20.7x30.3x2.4x
Fri, 13 Oct 2023US$512.0bUS$217.5bUS$16.6b14.4x30.9x2.4x
Sun, 10 Sep 2023US$510.7bUS$214.1bUS$13.8b14.4x37.1x2.4x
Tue, 08 Aug 2023US$533.0bUS$214.3bUS$13.0b15.9x40.9x2.5x
Price to Earnings Ratio

40.9x


Total Market Cap: US$533.0bTotal Earnings: US$13.0bTotal Revenue: US$214.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Transportation Industry Price to Earnings3Y Average 27.9x202420252026
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 25.1x which is lower than its 3-year average PE of 27.9x.
  • 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 28% per year over the last three years.
  • Revenues for these companies have grown 3.8% 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 Market0.77%
Industrials-1.55%
Transportation-2.86%
Trucking6.27%
Railroads-4.92%
Cargo Ground Transportation-7.22%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 35.0x.
    • Analysts are expecting annual earnings growth of 27.5%, which is higher than its past year's earnings decline of 4.2% per year.
  • Investors are most pessimistic about the Trucking industry, which is trading below its 3-year average of 40.3x.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 4.2% per year.
  • In contrast, the Railroads industry is expected to see its earnings grow by 8.5% 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$70.366.7%
+US$9.0b		-19.0%PE16.8x
GRAB Grab HoldingsUS$3.505.7%
+US$777.1m		-27.1%PE37.7x
LYFT LyftUS$15.8611.7%
+US$630.3m		16.4%PE2.1x
YMM Full Truck AllianceUS$9.493.0%
+US$290.5m		-11.0%PE16.1x
LIME Neutron HoldingsUS$29.544.6%
+US$83.9m		n/aPS2x

Latest News

ODFL
US$212.14
Old Dominion Freight Line
7D
-8.9%
1Y
49.6%
Analysis Article • 4h

Old Dominion Freight Line, Inc. Just Beat EPS By 9.7%: Here's What Analysts Think Will Happen Next

Old Dominion Freight Line, Inc. ( NASDAQ:ODFL ) shareholders are probably feeling a little disappointed, since its...
UBER
US$70.36
Uber Technologies
7D
6.7%
1Y
-19.0%
SAIA
US$347.63
Saia
7D
-17.9%
1Y
18.6%
XPO
US$200.97
XPO
7D
-5.7%
1Y
69.2%
JBHT
US$271.75
J.B. Hunt Transport Services
7D
-5.7%
1Y
94.7%
Narrative Update • Jul 30

JBHT: Freight Cycle Optimism Will Eventually Collide With Elevated Expectations

Analysts have lifted the fair value estimate for J.B. Hunt Transport Services from $150.00 to about $220.49, reflecting updated views on truckload pricing, intermodal volume momentum, cost efficiency, and the higher analyst price targets across the Street. Analyst Commentary Street research on J.B. Hunt Transport Services has turned more constructive on earnings power and intermodal growth, although not all specialists see the current share price as an easy entry point.
NSC
US$335.48
Norfolk Southern
7D
-4.3%
1Y
22.1%
Narrative Update • Jul 30

NSC: Tighter Trucking Capacity And Merger Progress Will Shape Forward Appeal

Analysts have raised the Norfolk Southern fair value estimate from $341.72 to $363.72. This change reflects higher price targets across the Street that are grounded in recent earnings beats, firmer profit margins, and a supportive revenue backdrop.
LYFT
US$15.86
Lyft
7D
11.7%
1Y
16.4%
CSX
US$50.40
CSX
7D
-5.3%
1Y
44.0%
UNP
US$292.13
Union Pacific
7D
-4.9%
1Y
33.1%
Narrative Update • Jul 28

UNP: Coast To Coast Merger And Freight Trends Will Guide Prospects

Union Pacific's analyst price target has moved from about $300 to roughly $328, as analysts factor in stronger margins, a higher assumed future P/E, and recent price target increases following what they describe as solid quarterly results, improved service, and progress on the proposed Norfolk Southern merger. Analyst Commentary Recent research updates on Union Pacific cluster around higher price targets and mostly positive views on execution, with a few more cautious voices focusing on valuation and deal risk.
ENRD
US$5.50
Einride
7D
6.8%
1Y
n/a
GRAB
US$3.50
Grab Holdings
7D
5.7%
1Y
-27.1%
LIME
US$29.54
Neutron Holdings
7D
4.6%
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
ETS
US$1.06
Elite Express Holding
7D
5.0%
1Y
n/a
Analysis Article • Jul 19

We Think Elite Express Holding (NASDAQ:ETS) Needs To Drive Business Growth Carefully

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
RYDE
US$0.74
Ryde Group
7D
22.1%
1Y
150.6%
YMM
US$9.49
Full Truck Alliance
7D
3.0%
1Y
-11.0%
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.
FDXF
US$140.53
FedEx Freight Holding Company
7D
-11.1%
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