They are able to fly and carried North around the world in one day.
Rise of the Guardians Wiki has 43 images related to Reindeer.
Santa Claus' reindeer has a team of flying reindeer traditionally held to pull the sleigh of Santa Claus and help him deliver Christmas gifts. The commonly cited names of the reindeer are Dasher, Dancer, Prancer, Vixen, Comet, Cupid, Donder (or Donner), and Blitzen. It's unknown if North's reindeer share the same names.