State of the Oil & Gas Industry

Updated on October 7, 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 markets remain highly volatile, with diesel prices reaching record highs in September as supply disruptions in the Middle East continue to constrain global fuel markets.
• Oil and gas activity remains strong, with the U.S. rig count up 11.1% year over year and continued growth in key basins such as Anadarko and the Gulf Coast.
• Crude oil prices remain elevated, with WTI up 42% and Brent up 50% year over year, creating ongoing cost pressures across transportation and supply chains.
• Manufacturing continues to support freight demand, with factory orders, durable goods orders, and manufacturing activity remaining in expansion territory despite moderating growth.
• Trade policy uncertainty is increasing supply chain complexity, with new U.S.-Canada trade restrictions and ongoing USMCA negotiations impacting cross-border freight planning.
• Consumer demand remains resilient but faces headwinds, as retail sales improved while higher fuel costs and declining consumer confidence create pressure on future spending.
• Housing and construction remain weak, limiting demand for building materials and related freight, while elevated borrowing costs continue to slow activity.

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