Culina Group will become the UK's largest privately owned logistics company after acquiring the holding company of haulage specialist Eddie Stobart.

Lifting the travel ban between Europe and the US was a topic high on the agenda during Thursday’s meeting between the US president and UK prime minister, but spreading COVID-19 infections in Europe mean there is little chance of a rapid resumption of flights.

A new funding round for Zencargo is a further signal that the digital forwarding model has legs in a market where turning to a logistics provider to incorporating data in planning decisions has become the norm.

Breakbulk freight rates are climbing, but uncertainty about new fuels, ship designs, and the long-term strength of the market are holding back orders for new ships.