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Last $3.31 USD
Change Today +0.13 / 4.09%
Volume 43.8K
RLOG On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

rand logistics inc (RLOG) Snapshot

Open
$3.21
Previous Close
$3.18
Day High
$3.31
Day Low
$3.19
52 Week High
04/1/14 - $7.18
52 Week Low
03/10/15 - $2.96
Market Cap
59.6M
Average Volume 10 Days
24.0K
EPS TTM
$0.13
Shares Outstanding
18.0M
EX-Date
--
P/E TM
25.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for RAND LOGISTICS INC (RLOG)

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rand logistics inc (RLOG) Details

Rand Logistics, Inc., through its subsidiaries, provides bulk freight shipping services in the Great Lakes region. The company offers domestic port-to-port services. Its fleet includes five self-unloading bulk carriers and four conventional bulk carriers in Canada; and seven self-unloading bulk carriers in the United States, including one integrated tug and barge unit, and three articulated tug and barge units. 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. Rand Logistics, Inc. was founded in 1994 and is based in New York, New York.

504 Employees
Last Reported Date: 06/12/14
Founded in 1994

rand logistics inc (RLOG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $355.3K
Founder and Executive Vice Chairman
Total Annual Compensation: $406.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $253.8K
President of Lower Lakes Towing & Lower Lakes...
Total Annual Compensation: $271.4K
Compensation as of Fiscal Year 2014.

rand logistics inc (RLOG) Key Developments

Rand Logistics Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Rand Logistics reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported total revenue of USD 49,065,000 compared to USD 49,899,000 for the same period of last year. This was primarily due to the decline in the value of the Canadian dollar, a reduction in fuel surcharge revenue and fewer sailing days, offset in large part by an increase in tonnage carried and associated increase in freight and related revenue, contractual price increases, improvements in commodity mix and water levels and a higher percentage of time spent in revenue-loaded condition. Operating income was USD 6,357,000 compared to USD 7,674,000 for the same period of last year. Income before income taxes was USD 3,001,000 compared to USD 5,462,000 for the same period of last year. Net income applicable to common stockholders was USD 3,969,000 compared to USD 775,000 for the same period of last year. Net income per diluted share was USD 0.21 compared to USD 0.04 for the same period of last year. Operating income plus depreciation, amortization, loss on foreign exchange, and lease termination expense was USD 15.1 million, an increase of 15.2%, or USD 2.0 million, from USD 13.1 million. On a constant currency basis, this measure increased by 20.7% or USD 2.7 million. For the nine months, the company's total revenue was USD 146,644,000 compared to USD 148,841,000 for the same period of last year. Operating income was USD 22,760,000 compared to USD 24,366,000 for the same period of last year. Income before income taxes was USD 11,944,000 compared to USD 17,423,000 for the same period of last year. Net income applicable to common stockholders was USD 11,283,000 compared to USD 2,835,000 for the same period of last year. Net income per diluted share was USD 0.60 compared to USD 0.16 for the same period of last year. Operating income plus depreciation, amortization, loss on foreign exchange, and lease termination expense increased by 7.1%, or USD 2.9 million, to USD 43.6 million from USD 40.7 million. On a constant currency basis, this measure increased by 10.8% or USD 4.4 million. The benefit on its year-to-date profitability has been tempered by USD 1.5 million due to the weaker CAD (Canadian dollar) as well as adverse weather conditions in April through mid-May of this sailing season.

Rand Logistics, Inc. Presents at Stifel Nicolaus Transportation and Logistics Conference, Feb-10-2015 06:00 PM

Rand Logistics, Inc. Presents at Stifel Nicolaus Transportation and Logistics Conference, Feb-10-2015 06:00 PM. Venue: Ritz-Carlton, Salon 3, Key Biscayne, Florida, United States.

Rand Logistics, Inc. Announces Board Changes

Rand Logistics, Inc. announced that it’s board of directors has appointed Robert Kurz and Edward Levy as Class III and Class I directors, respectively. Kurz is vice president of Kinder Morgan Terminals and the president of their tanker division, American Petroleum Tankers. Levy is currently the president and chief executive officer of Rand. Rand also announced that Captain Scott Bravener, a Class I director, has tendered his resignation from the board of directors. Bravener will continue with his management duties as president and chief executive officer of Lower Lakes Towing and Lower Lakes Transportation. Kurz is currently a member of the board of directors of the American Maritime Partnership and a past board member of the American Maritime Congress, Labor Management Maritime Committee, OceanConnect.com, United Seamen's Service and William Penn Charter School.

 

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Industry Analysis

RLOG

Industry Average

Valuation RLOG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.2x
Price/Cash Flow 4.2x
TEV/Sales NM Not Meaningful
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