Transportation Logistics Company Universal Express -USXP- to Capitol Hill on Tuesday: Presenting Transportation Security Plan to Members of Congress
FRIDAY , OCTOBER 17, 2003 12:04 PM
NEW YORK, Oct 17, 2003 (BUSINESS WIRE) -- Universal Express (OTCBB: USXP), a transportation logistics company, announces CEO Richard Altomare will make a formal presentation on Capitol Hill to members of the House and Senate and congressional staff on Tuesday October 21. Mr. Altomare is proposing a plan expected to resolve the luggage check-in security problems inherent in the airline industry and reduce the exorbitant ongoing costs when the Federal Government took over the air transportation network. Implementation by Congress of the USXP plan can enhance the security of travelers, decrease the time spent in airports, improve the airlines financial health, and create an estimated 250k jobs in a new $22 billion parcel carrier industry segment.
"The USXP transportation security plan we are recommending to Congress will significantly reduce the amount of luggage carried by the airlines and the subsequent possibility of terror attacks. It is expected to save taxpayers up to $1.4 billion yearly in screening costs. Among other things, when rolled out, it also allows for the assignment of guards at train stations and bus terminals. USXP has extensive transportation industry knowledge and years of operating experience. Our proposal will boost confidence in the overall security of the travel industry, and dramatically improve the financial health of the airlines," stated Richard A. Altomare, President & C.E.O.
Altomare will present his plan to members of Congress on Tuesday October 21.
For a copy of the White Paper contact Mr. Ron Garner/Equitilink 877-788-1940
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