Train of Thought

An independent side research project studying international railway projects and global supply chains in complex corners of the world.

This site showcases our research. We share our analysis, expertise and custom datasets that present complex freight transport developments and supply chain issues in an accessible and actionable way, for fellow researchers and decision-makers across government and industry.

Our research contributes to supporting the UN’s SDG goals (7, 9, 12 and 13) in developing economies in ensuring inclusive, accessible and sustainable transport infrastructure.

Our research has been published in the Royal United Services Institute (RUSI) and the International Railway Journal (IRJ).

Train of Thought is a research partner of the International Railway Journal

Meet the Team

  • Sophia Nina B-A

    FOUNDER & EDITOR

    Sophia Nina B-A has 7 year experience in delivering sustainable economic development in emerging markets. Sophia founded Train of Thought in June 2024.

    Her background includes geopolitical and market risk analysis roles in the UK business investigations and due diligence industry, and the World Bank Group’s IFC, based in Uzbekistan and Tajikistan. She has spent over a decade living and working in South and Central Asia. She speaks Uzbeki, Dari and Russian.

    Sophia currently serves as an independent freelance consultant, working with international development banks, private equity and global firms to build risk strategies in their portfolio at the intersection of geopolitical risk and global sustainability.

    She has published 35 articles with bylines in RUSI, The International Railway Journal, The Diplomat, Le Monde, The BBC, and The Economist.

  • Mads Schmidt

    SECURITY EXPERT

    Mads Schmidt is a security and risk-management practitioner with experience in fragile and high-risk environments. Mads joined Train of Thought in August 2025.

    His background includes operational roles with Danish and Norwegian diplomatic missions in Afghanistan and subsequent work in security consulting for international clients.

    He currently serves as Physical Security Lead at Novo Nordisk in Denmark, where he is responsible for national security governance, incident preparedness, and the development of standardised security frameworks across multiple sites.

    Mads professional interests include critical-infrastructure protection, resilience, and the interaction between security conditions and business objectives.

  • Charles McCloy

    COLD LOGISTICS SUPPLY CHAIN EXPERT

    Charles is a Russian & Arabic speaker with specialism in cold logistics and food business across international markets. Charles joined Train of Thought in November 2025.

    He currently works as a Director at CBRE, where he provides strategic real estate advice to clients across the globe in the cold logistics and food sectors.

    He has a particular professional interest in the economic potential of Central Asia and advises clients on how to navigate the region.

    Charles is experienced in consulting on the valuation, financing, development, and M&A of food facilities on behalf of leading investors, operators, and lenders in the sector, having provided over €7 bn in advice.

Our research

Latest publications

From August 2024 to January 2025, Sophia spent several months travelling around India and Central Asia, visiting transport project sites and learning about their development impacts, challenges and futures. You can follow her research journey here.