Transportation Security White Paper Generates $16bil: Universal Express -USXP- Proposal Enhances Security Favoring Taxpayers, Travelers, Airlines
NEW YORK, Oct 20, 2003 (BUSINESS WIRE) -- Transportation logistics company, Universal Express, Inc. (USXP) , has prepared a Transportation White Paper for members of the House and Senate and Congressional staff, Department of Commerce, and Transportation Security Administration staff. The White Paper "More Security, Less Hassle for American Travelers: A Private Sector Solution for the Airline Industry" proposes enhancements to Homeland Security. It is expected to generate $16 billion annually transporting luggage for travelers and saving $1.4 billion in baggage screening and $4 billion in labor costs. Universal Express CEO Richard Altomare will personally disseminate his White Paper on Capitol Hill Tuesday October 21.
The White Paper plan resolves shortfalls in the Aviation and Transportation Security Act. It specifically addresses the costs of moving airline passengers' luggage and the inherent major security problems associated with transporting baggage.
"The airline industry transports nearly three times more bags than passengers. Clearly identifiable cost savings occur when a traveler arrives at the airport with luggage and another traveler sends his luggage ahead using a separate carrier. The White Paper that I am presenting tomorrow reveals detailed plans involving the supplemental and unique utilization of functioning organizations and operations. Implementation of our proposal will save money for taxpayers, Homeland Security, travelers and the travel industry," states Mr. Altomare.
Altomare will present his plan on Capitol Hill Tuesday October 21.
Universal Express, Inc. owns and operates several subsidiaries including Universal Express Capital Corp. (USXP Cash Express division), Universal Express Logistics, Inc. (The Virtual Bellhop, LLC and Luggage Express) and the WorldPost(TM) Private Postal Network, Inc. These subsidiaries and divisions provide the private postal industry and customers with value-added services and products, logistical services, equipment leasing, and cost-effective delivery of goods worldwide.
More information and website locations are available at www.usxp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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