🎣 Winners & Losers of 2024
Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
A cargo ship in the North Sea, carrying over 3,500 vehicles, including nearly 500 electric vehicles (EVs), has been ablaze for days, leading to the death of a crew member and uncertainty about the fate of the vessel. The Freemantle Highway was en route from Germany to Egypt when the fire started, the cause of which remains unclear although there are unconfirmed reports it originated in an EV battery. The crew was evacuated, some sustaining injuries, and efforts are ongoing to prevent the ship from sinking near an essential migratory bird habitat.
Source: CBS News
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).