A&R Logistics announced on February 24 record revenues; record Compliance, Safety, Accountability program safety scores; and record service performance for 2014.
Mark Holden, A&R Logistics chief executive officer, said the dry bulk logistics specialist made significant progress during 2014. The achievements came despite significant challenges.
"A&R has required more of an overhaul than we anticipated when we acquired the company two years ago,” he said. “However, we have accomplished much as we achieved record revenues of approximately $220 million in 2014 while we have focused on building a culture of Doing It Right. Much remains to be done but we are encouraged by the support from our customer base toward our strategic goals of achieving perfection in safety and service."
Rich Mitchell, A&R Logistics president, added: "Since we acquired A&R two years ago, we have been very focused on safety and service. We have spent $24.4 million to repair, fix and upgrade our fleet compared to the $14.8 million spent during the two years before we bought the company, a 65% increase in the investment in our fleet. The increased investment combined with the early adoption of electronic logging, safer tractor speeds, and a culture of Doing It Right resulted in the best CSA score in the company's history as of December 31. This trend has continued into 2015. In addition, we have applied this same tenacity toward our (customer) service and are pleased with our record setting performance during the fourth quarter of 2014. We believe the pursuit of perfection will make A&R an excellent company."