More than 100 jobs lost as Felixstowe-based Searon Logistics goes into administration

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UK haulage and logistics operator Searon Logistics has gone into administration, resulting in the loss of more than 100 jobs. The Felixstowe-based operator said it had been hit hard by changes in the market, including declining demand and a shake-up of the shipping alliances. The Ipswich Star reports that by 2015 the company had achieved an annual turnover of £15m. However, with shipping lines moving Felixstowe-based business to Southampton, the company was unable to keep up with the “significant” increase in costs. When attempts to find a buyer failed, the company ceased trading.