Key insight:
These are, to put it mildly, brutal times for the nation’s transportation sector. With airline passenger traffic down by 95%, even Berkshire Hathaway dumped its $6 billion stake in four carriers over the weekend. Car rental companies have taken less of a hit, but business is still off between 50% and 75%, with Hertz rumored to be preparing a bankruptcy filing. Bus companies report that somewhere been 80% and 95% of their bookings are gone.
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