The punchline is that COVID-19 has had a dramatic and lasting negative impact on public transportation as measured by our analysis of Apple Maps data. Below we provide examples of some of America’s largest cities and the trends around driving, walking and public transportation. It’s probably not a good idea to go long muni bonds.
Mass transit is down 46% from January across the U.S. as of October 19th 2020. Click any of the images below to expand or download.