Rand Logistics Initiation Report
Rand Logistics, Inc. Initiation Report
George He
BUS 305 ME
6/02/08
P. Thomas
Table of Contents
The Company Overview 3
The Business Description 4
Key Facts 5
History 6
Key Employees 7
Key Employee Biographies 8-10
Major Products and Services 11
Financial Analysis 12
SWOT 13-14
Top Competitors 15
Locations and Subsidiaries 16
Latest Company News 17
Conclusions 18
Recommendations 19
Company Overview
Rand Logistics, Inc (RLOG) offers bulk freight shipping and logistics services in the Great Lakes region of the United States and Canada. The Company is the only carrier able to offer significant domestic port-to-port services in both Canada and the U.S. on the Great Lakes. Rand Logistics main headquarters are based out of New York but their subsidiaries operate out of Ontario, Canada. The company has approximately 277 full-time employees.
Rand Logistics fiscal year ended recently in March 2007. They recorded an operating loss of $1.77 million dollars, an improvement of about 36% from 2006 in which they had an operating loss of $2.77 million dollars. Net income continued to drop an additional 120% from 2006 to 2007 to a loss of $3.1 million dollars.
The Business Description
Rand Logistics, Inc. is a leading provider of bulk freight shipping services throughout the Great Lakes region. Through its subsidiaries, the Company operates a fleet of seven unloading bulk carriers and four self-loading bulk carriers.
Rand Logistics, Inc. transports limestone, coal, iron ore, salt, grand and other types of dry commodities. Rand Logistics also serves construction, electric utility and the integrated steel industries.
The company main headquarters are...
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