Rand Adds New Business for 2014
Rand Logistics, Inc. announced that it has secured additional new long-term contractual business for the 2014 sailing season, totaling in excess of 250 sailing days. These contracts, a combination of new business, market share gains and organic market growth, are expected to help rebalance the company's 2014 sailing season commodity mix to levels more consistent with prior years and improve existing fleet operating efficiencies.
"We have been successful in leveraging our network and efficient operations to capture market share and meaningful new business for the 2014 sailing season," commented Scott Bravener, President of Lower Lakes. "The new business wins, which will increase next year's tonnage of many of the commodities that we carry, should allow us to better optimize our trade patterns, improve operating efficiencies and enhance our vessel margin per day in the 2014 sailing season compared to the 2013 sailing season."
Bravener continued, "As we have discussed, we are continuing to experience improved customer demand and visibility. November's operations were negatively impacted by sustained high winds on the Great Lakes, resulting in an increase in vessel delay days. While these weather delays impacted November results, we continue to project that we will operate significantly all of our fleet into early January, with delayed November tonnage being shipped in December and January. We remain pleased that our lost time attributable to mechanical delays and incidents continues to be well below prior year levels."