The rapid spread of COVID-19 has led to uncertainty and loss of confidence unseen since 2008. The market volatility has also risen extremely fast to a level unseen over the last decade. Even against this unfavorable environment, there are sectors that have taken a disproportionate hit, including tourism, passenger transportation, airlines, hotels — practically everything that has a built-in key cross-border dimension.

Traveling by plane, train or automobile: the most environmentally sound choice may not always be clear. The report assesses the value of travel by train and plane. Rail travel is the best and most sensible mode of travel, apart from walking or cycling.