Young lobbied the committee for a bill he introduced, H.R. 2891, which he said is designed to “keep the U.S. air transportation viable” during the turbulence the air industry has suffered.
“The reductions in schedules and flights have started and layoffs are expected. We are seeing the ripple effect in our economy as layoffs occur in other related industries,' Young said. 'Certainly the airports, the general aviation sector, the air cargo industry, and the manufacturers all have valid concerns which need to be considered in the future.”
H.R. 2891, Young said, authorizes the president to provide loans, loan guarantees, and other assistance to the air carriers and also to compensate those who can document direct losses because of the government’s action to protect national security.
Young mentioned that Congress has scheduled hearings to discuss airline security and other issues.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now