Profile: Rand Logistics Inc (RLOG.O)
10 Feb 2016
Rand Logistics, Inc. (Rand), incorporated on June 2, 2004, is a provider of bulk freight shipping services. Through its subsidiaries, the Company operates a fleet of 10 self-unloading bulk carriers, including eight River Class vessels and one River Class integrated tug/barge unit, and three conventional bulk carriers, of which one are operated under a contract of affreightment. Its shipping business is operated in Canada by Lower Lakes Towing and in the United States by Lower Lakes Transportation. Lower Lakes Towing provides marine transportation services to dry bulk goods suppliers and purchasers operating in ports on the Great Lakes and is a service shipping company with a fleet of 15 cargo-carrying vessels.
The Company transports construction aggregates, coal, iron ore, salt, grain and other dry bulk commodities for customers in the construction, electric utility, integrated steel and food industries. As of March 31, 2015, Rand's fleet consisted of the vessels, including Cuyahoga, Michipicoten, Mississagi, Robert S. Pierson, Saginaw, Calumet, Manitowoc, Manistee, Kaministiqua, Manitoba, Ojibway and Tecumseh, among others.
The Company competes with Algoma Central Corporation and American Steamship Company.
Rand Logistics Inc
500 5th Ave Fl 50
NEW YORK NY 10110-5099