Americas Transportation Valuation Tracker

Transportation stocks outperformed the broader market in May 2026. Goldman Sachs analysts maintain a constructive view on trucking stocks amid signs of a freight cycle inflection.

Key Takeaways

• 1.Transportation stocks mostly outperformed against the S&P 500 in May, with an average return of +7% compared to +5% for the S&P 500.
• 2.The firm remains constructive on trucking subsectors (TL and LTL) due to expectations of a freight cycle bottoming.

Table of Contents

• YTD Stock Performance
• Recent Stock Performance
• Sector Level Data
• Company Specific
• Disclosure Appendix