According to the development trend of the transportation industry and rapid economic growth, China has carried out strategic layout and planning routes for the transportation industry. The National Development and Reform Commission have also issued a number of documents that promote the construction of a modern transportation system, and promote transportation projects such as railways, waterways, airports, and urban transportation. Besides, it continuously invests large amounts of money in companies in the transportation industry. The mission of companies in the transportation industry is of great importance. It can be seen that China’s transportation industry is at a stage of rapid development, and it has received strong support from the government. Nevertheless, it still has a long way to go. To improve the transportation infrastructure of the nation, companies in the transportation industry must strive to improve their corporate performance. This paper empirically investigates the impact of factors such as financial factors, internal operations, and corporate growth on the corporate performance of listed companies in the transportation industry, with the aim of helping listed companies in the transportation industry to develop a sound corporate strategy and conduct standardized and effective management to improve corporate performance. This paper selects data of 42 listed companies in the transportation industry from 2012 to 2016, and utilizes the fixed effect model that controls heteroskedasticity to analyze influencing factors of the corporate performance of listed companies in the transportation industry. Empirical results show that core ratio, return on personnel, long-term debt ratio, and quality of staff positively influences the corporate performance of listed companies in the transportation industry. Factors such as operation cost ratio, managerial cost ratio, size, and delay ratio have a negative impact on the corporate performance of listed companies in the transportation industry. Policy implications are proposed accordingly.