We benchmark several widely-used deep learning frameworks and investigate the FPGA deployment for performing traffic sign classification and detection. We evaluate the training speed and inference accuracy of these frameworks on the GPU by training FPGA-deployment-suitable models with various input sizes on GTSRB, a traffic sign classification dataset. Then, selected trained classification models and various object detection models that we train on GTSRB's detection counterpart (i.e., GTSDB) are evaluated with inference speed, accuracy, and FPGA power efficiency by varying different parameters such as floating-point precisions, batch sizes, etc. We discover that Neon and MXNet deliver the best training speed and classification accuracy on the GPU in general for all test cases, while TensorFlow is always among the frameworks with the highest inference accuracies. We observe that with the current OpenVINO release, the performance of lightweight models (e.g., MobileNet-v1-SSD, etc) usually exceeds the requirement of real-time detection without losing much accuracy, while other models (e.g., VGG-SSD, ResNet-50-SSD) generally fail to do so. We also demonstrate that we can adjust the precision of bitstreams and the batch sizes to balance inference speed and accuracy of the applications deployed on the FPGA. Finally, we show that for all test cases, the FPGA always achieves higher power efficiency than the GPU.