A UBS report has found that the Covid-19 pandemic could accelerate the shift from air to rail, post-lockdown, with greater than expected growth in the rail industry over the next 10 years

While supply chain disruptions have significantly diminished over the course of 2022, the reversion of the index toward a normal historical range has paused over the past three months. Our analysis attributes the recent pause largely to the pandemic in China amid an easing of «Zero COVID» policies.