Creditors of Searon Logistics are thought to be owed £7.26m after the Felixstowe company’s fall into administration. A reduction in haulage rates followed by an announcement by shipping lines in March that they were “changing alliances” led to the haulier’s collapse in July. In a report to creditors, the administrators at McTear, Williams & Wood said the shipping lines’ announcement was “the biggest change in the industry for nearly 20 years and caused the company a major problem as its […]
Cutthroat competition and unprofitable contracts have forced aviation logistics group Global Eyes into administration with the loss of more than 80 jobs.
A Birmingham contract haulier that entered administration earlier this year went from a £1m pre-tax profit to a £100,000 loss in just 20 months’ trading.
M and J Haulage, a major sugar beet haulage contractor, has been placed into administration prompting concerns among growers that they’ll struggle to find another company to harvest and deliver the crop.