Rand Logistics, Inc.

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Dear Stakeholders,

Thank you for visiting our website. Rand Logistics is a leading provider of marine bulk freight shipping and ship repair services throughout the Great Lakes region in both the US and Canada. Rand became a privately held company in March 2018 when acquired by American Industrial Partners. Rand Logistics benefits from long-term contractual revenue and a diverse base of blue chip clients and high margin cargoes. In addition, the Company is ideally positioned to capitalize on the significant demand of the market, which largely exceeds current capacity. We believe the Company is at a key inflection point, having completed several infrastructure and administrative investments to enhance the Company's operating efficiency, while integrating several key vessel acquisitions that are expected to drive additional revenue growth and margin expansion in the near and long-term. We are confident that Rand Logistics will continue its strong track record of growth through organic and external initiatives, and we look forward to updating you on our success in the future. Thank you for your continued support.

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