How logistics company r2 logistics was once a part of the UK’s ‘Big Six’
The world’s largest logistics company is back in business, but the company that once dominated logistics is now a part-time part-timer.
R2 Logistics (RL) is a unit of the giant logistics company US-based Transcontinental Corp. (NYSE: TCX).
R2 was acquired by Transcontinental in 2017 for about $4 billion.
Its main task is to coordinate the delivery of goods from US to Europe via rail and container ships.
The company now has a team of more than 3,000 people and is part of Transcontinental’s international logistics network, which is about $1 trillion globally.
It also owns a fleet of container ships in the Atlantic, Pacific and Caribbean oceans, which are used by some of the world’s most powerful shipping companies.
Transcontinental also runs a logistics hub in the United Arab Emirates, which supplies a significant portion of the country’s imports and exports.
In the UK, where R2 now runs its logistics business, the company has seen a dramatic rise in turnover and profits.
It employs around 2,000 staff, and the company is in the process of laying off around 700 people, mostly in the logistics sector.
The loss of R2 was not unexpected, said David Smith, an analyst at brokerage firm Macquarie Securities.
The business was already a big part of UK government finances.
“We’re a big supplier of goods to the UK,” he said.
“We have a significant presence there and we have a big presence there in terms of our exports.”
Transcar is also an important supplier of parts to the British government.
Smith said Transcar’s main role in the UK government is to provide a large number of parts for the UK military, which has a lot of logistics issues.
As well as the UK market, Transcar also runs two logistics hubs in the Middle East.
“There are a number of companies that are a little bit more vertically integrated,” Smith said.
R1 is another UK company that is a major supplier of materials to UK companies.
Its share of the market has risen from about 2 percent to about 5 percent in the last two years, according to the International Trade Association.
UK Prime Minister Theresa May has said the country will be looking to reduce the amount of goods it imports from abroad, and it is also considering a package deal with Canada for its imports of oil and gas.
But Transcar has a long way to go to achieve that goal, said Smith.
Some of the key issues that the company will need to address include improving efficiency, increasing supply chains and expanding its presence in Asia.