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Truck maker Peterbilt Motors Co. is relying on its flexibility as the OEM traverses a market facing increasingly uncertain conditions.

Shippers faced hurdles with both ocean freight and airfreight in 2023, leading to declined volumes at North America's top container ports and airports.

The truck maker detailed recent updates to its vocational and medium-duty truck models Oct. 1 at its Vocational VIP Customer event.

Although freight market conditions have been favorable to shippers for the past two years, many of the largest private carriers in North America operate larger fleets now than in years past.

Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.

Some fleets have found a sweet spot to meet the needs of both marketing and transportation with one, seemingly simple, solution: branded trailer designs.

2022 saw an eastern shift in container shipping within the United States, while airfreight volumes dipped across North America.

The biggest private motor carriers across a variety of industries experienced ups and downs during the past year as they adapted to changing freight market conditions.

Freight brokerage, warehousing and dedicated carriage operations saw significant growth in 2022, while rocky international freight demand kept forwarders on the ropes.

Seaports and airports across North America experienced record-breaking volume in 2021 amid growing consumer demand.