The COVID-19 pandemic has had a disastrous impact on the global transport sector with all the modes of transport, primarily air and maritime ones, experiencing a strong deterioration in activity at the global level. However, some markets, for instance rail freight between China and Europe, are benefiting from the situation. The report by COFACE credit insurance company titled «Global Transport: What does the future hold beyond COVID-19?» analyzes the current state of the global transport sector suffering a heavy blow from the pandemic and presents three scenarios for the recovery of the sector.

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.