Rand Logistics, Inc. (Nasdaq:RLOG) announced financial and operating results for its fiscal year 2012 first quarter ended June 30, 2011. Marine freight revenue (excluding fuel and other surcharges, and outside charter revenue) was $30.7 million, an increase of 8.1% from $28.4 million. The increase in marine freight revenue was attributable to a 4.1% increase in the number of days sailed, contractual price increases, new business and an increase in the average size of our vessels operating due to our February 2011 acquisition of two vessels.
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