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Tag Archives: Rand Logistics buys ASC

American Steamship Company sold for $260M to Rand Logistics

Great Lake bulk carrier ship with small lighthouse in foreground of photo

PortandTerminal.com, February 11, 2020 JERSEY CITY, NJ – Rand Logistics, Inc. has entered into a stock purchase agreement to acquire American Steamship Company from GATX Corporation. Rand is an affiliate of American Industrial Partners and provides dry bulk shipping services throughout the Great Lakes region. American Steamship Company (ASC) was founded in Buffalo, New York in 1907. It operates the largest …

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