FEDERAL EXPRESS POSTS
11.5 PERCENT GAIN IN VOLUMEFederal Express Corp. reported an 11.5 percent increase in the
average daily volume of express packages and documents delivered in July.
Federal, the nation's largest air cargo carrier, has been posting monthly volume gains of 10 percent to 12 percent since the spring. Previously, Federal's year-over-year business had been growing at a 15 percent to 20 percent rate.
The company also reported that its heavyweight shipments for July totaled 68 million pounds. Federal's heavy freight business was acquired through last year's purchase of Flying Tiger Line Inc. The company does not yet provide year-over-year heavy freight comparisons.
OVER BUDGET IMPASSE
WASHINGTON - The nation's air traffic controllers say air travel must be ''severely curtailed" if an impasse in federal budget talks leads to automatic spending cuts and fewer controllers.
R. Steve Bell, president of the National Association of Air Traffic Controllers, said the current "crushing" number of flights cannot be safely handled by a smaller work force.
James Busey, head of the Federal Aviation Administration, has warned that controller furloughs could be issued and overtime cut under the sequestration provisions of the Gramm-Rudman-Hollings balanced budget law. He has pledged to trim air traffic should furloughs be necessary.
Mr. Bell said the controllers "are going to be watching the situation like hawks" to make sure that air traffic is reduced if the work force declines.
JETS TO BE REROUTED
AWAY FROM US OPEN
NEW YORK - Heeding a request from New York City's mayor and the Queens borough president, the Federal Aviation Administration has agreed to reroute jetliners away from the U.S. Open tennis tournament this year.
In their request, Mayor David Dinkins and Borough President Claire cited ''the unique status of this event and its economic benefit to the city," which they put at more than $100 million annually.
The tournament starts Aug. 27 and continues until Sept. 9. The jet rerouting will be in effect only during hours of play.