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Airlines, shippers cope with fallout, costs in new era of transportation, security
A 684-point drop in the Dow Jones Industrial Average that investors know could have been a lot worse. A 15 percent drop in the Dow Jones Transportation Index, the second-worst drop in its history. Airlines begging for, and likely to receive, a $24 billion bailout from Congress.
Besides the direct human toll and the body blow to America's psyche, these are some of the direct hits the nation's transportation sector is taking in the wake of the Sept. 11 terrorist attacks in New York and Washington, D.C.
With the nation rallying behind President Bush, corporate America was trying to regain some sense of normalcy. For the transportation and logistics sector, it's becoming clear that it's going to take some time and quite a bit of money to get anywhere close to back to normal.
It's not only the air sector hurting. Truckers are backed up several miles at the U.S.-Canada border. Ships are being stopped and searched before they enter U.S. harbors. Fuel prices edged …