Rand Logistics, Inc. (Rand) is engaged in the shipping business. The Company operates in Canada by Lower Lakes Towing and in the United States by Lower Lakes Transportation. 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. Lower Lakes Towing provides marine transportation services to dry bulk goods suppliers and purchasers operating in ports on the Great Lakes. It operates on the Great Lakes and is a service provider in the River Class market segment, which it defines as vessels less than 650 feet in overall length. Lower Lakes' fleet consists of 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.