With Trump demanding more ships, the Navy is proposing the biggest shipbuilding boom since the end of the Cold War to meet “threats” from Russia and China. The Navy’s 355-ship proposal is even larger than what Trump had promoted on the campaign trail, providing a boost to shipyards that have struggled because budget caps. Source FoxNews
The Israeli Air Force will begin practicing for a strike on Iran’s nuclear program beginning next year, having set aside funding and updated its training schedule for the mission, The Times of Israel has learned. Source Times of Israel
“This is an over-the-road, for-hire truckload problem,” said ATA Chief Economist Bob Costello. Private and less-than-truckload fleets are facing hiring issues, but the shortage largely comprises long-haul or over-the-road drivers.
He said the shortage is determined based on the amount of available freight and the number of drivers needed to haul that. During the Great Recession, he noted a significant decline in freight demand led to a driver surplus. Source TBP
French carmaker Renault will be rolling out half a million fewer vehicles this year due to a shortage of semiconductors. The company says it should be able to maintain its profit outlook despite the chip shortage, by hiking car prices and cutting costs. Source France24
