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Company Description (as filed with the SEC)
Rand was incorporated in the State of Delaware in 2004 as a blank check company. In 2006, we acquired all of the outstanding shares of capital stock of Lower Lakes Towing and its affiliate, Grand River. Subsequent to our acquisition of Lower Lakes Towing and Grand River, we have added ten vessels to our fleet through acquisition transactions and we retired three smaller vessels. On December 27, 2012, Lower Lakes Ship Repair, a wholly-owned subsidiary of Lower Lakes Towing, was incorporated under the laws of Canada. Lower Lakes Ship Repair provides ship repair services exclusively to the Company. On March 11, 2014, Lower Lakes (17), a wholly-owned subsidiary of Lower Lakes Towing whose primary asset is the new forebody vessel under construction at a shipyard, was incorporated under the laws of Canada. Vessel Acquisitions On July 21, 2011, Lower Lakes Towing acquired a Canadian-flagged bulk carrier for CDN $2.7 million. ... More ...
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|Annual EPS Est:||$-0.31|
|Quarterly EPS Est:||0.15|