Gross Profit: 42%
Net Income: 28%
Operating Percentage: -4%
“These numbers are very average for us,” stated Ben Gase, R2 Logistics’ CEO and President. “I can’t negate the fact that we did very well as a company, but the numbers show us if we plan to reach our goal of 100 percent year over year growth there’s a lot of room for improvement.”
The growth results for R2 Logistics’ branches are as follows:
Gross Profit: 98%
Operating Percentage: 7%
Gross Profit: -12%
Operating Percentage: 14%
Gross Profit: 132%
Operating Percentage: 20%
“We’re trending for further growth in the coming quarter,” added Gase. “Our customer acquisitions are up 400 percent from last year, and several of these are proving to be heavy hitters. Plus, with the addition of another operations branch opening in Dallas in the coming months, we expect our numbers to grow exponentially and help us hit our goal.”
Notable new customers that were acquired during the first quarter included:
Ice River Springs Water – Supplier of purified and distilled water.
KapStone Paper and Packaging – Producer of kraft paper, linerboard and saturating kraft paper.
R.R. Donnelley – Company that develops custom communications solutions.
Reckitt Benckiser – World’s largest producer of household cleaning products and a major producer of consumer healthcare and personal products.
Seventh Generation – Nation’s leading brand of household and personal care products that help protect human health and the environment.
About R2 Logistics, Inc.
R2 Logistics, Inc. is a third-party logistics company headquartered in Jacksonville, Florida. The company works with over 20,000 transportation providers nationwide. R2 Logistics delivers industry-leading services through three primary operating branches. These branches focus primarily on full truckload transportation, as well as services including less-than-truckload (LTL), expedited freight, intermodal, certified hazardous material, specialized hauling and supply chain management. For more information about R2 Logistics, visit http://www.r2logisticsteam.com.
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