State of the Oil & Gas Industry

Updated on Septemeber 10, 2026

This State of the National Oil & Gas Industry report aims to provide a comprehensive analysis of transportation and logistics for the oil & gas industry, shedding light on its key drivers, trends, and emerging technologies. By examining the current landscape and forecasting future developments, we seek to equip executives, industry managers, and stakeholders with valuable insights to navigate the ever-evolving logistics landscape.

Highlights for the oil & gas report include:

• Energy prices remain elevated and volatile, with diesel prices rising during August as ongoing Middle East disruptions continue to pressure fuel markets and transportation costs.
• Oilfield activity remains strong, with the U.S. active rig count up 15.3% year over year, led by growth in the Anadarko, Gulf Coast, and Permian basins.
• Freight capacity remains tight despite softer demand, as shippers increasingly utilize intermodal solutions while trucking capacity exits the market at a gradual pace.
• Manufacturing continues to support freight demand, with the ISM Manufacturing PMI reaching 55.6, its highest reading since 2022 and the seventh consecutive month of expansion.
• Economic conditions remain mixed, with stable interest rates and ongoing tariff changes creating uncertainty for supply chains and international trade flows.
• Consumer demand is showing signs of moderation, as retail sales declined in July and consumer sentiment remains weak despite easing fuel prices.
• Housing remains a headwind for freight, with housing starts falling 12.4% in July and builder sentiment continuing to reflect challenging market conditions.

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