Updated on August 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 markets remain highly volatile: Diesel prices rose 28% and Brent crude increased 26% during July, driven by ongoing Middle East supply disruptions and refinery constraints.
- Oilfield activity continues to expand: U.S. active rig counts increased 11.1% year over year, led by growth in the Gulf Coast, Anadarko, and Permian basins.
- Inflation pressures eased in June but risks remain: Cooling inflation provided some relief, though rising energy costs and uncertainty around the Strait of Hormuz could renew cost pressures across supply chains.
- Manufacturing remains a freight demand driver: The sector recorded its sixth consecutive month of expansion, supported by strong rail volumes and steady industrial activity.
- Consumer spending has remained resilient: Retail sales and consumption continue to grow despite persistent inflation concerns, low savings rates, and rising debt delinquencies.
- Housing and construction remain soft: Existing and new home sales continue to face challenges from elevated mortgage rates, limited inventory, and cautious buyer activity.
- Truck capacity is gradually tightening: Capacity is slowly exiting the market, which should help support transportation pricing, although adjustment is occurring more gradually than in previous cycles.
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