RTT Logistics LLC | Application Preview
RTT Logistics LLC is seeking government grants to support its expansion in Alaska, specifically targeting Fairbanks and Anchorage to enhance its cold and dry storage services. The funds will primarily be used to expand their business locations and increase their vehicle fleet by adding reefer and dry trailers, as well as trucks.
The company is experiencing growth driven by a contract with a customer that plans to open stores in five areas of Alaska. This expansion will enable RTT Logistics to transport goods more efficiently and acquire additional customers over the next five years, particularly in Fairbanks, Anchorage, and Soldotna.
The rationale for funding approval includes RTT's 25 years of experience in transportation across Alaska and the lower 48 states, particularly in the grocery and fishing sectors. The company aims to provide affordable third-party logistics services to small businesses in Alaska, addressing the shortage of accessible cold and dry storage in the Matanuska Valley. Currently, businesses must travel an hour to Anchorage for these services, which poses a challenge for local operations. RTT has rapidly grown from zero revenue to $100,000 in its first year and anticipates an increase in demand.
In terms of competition, RTT identifies a lack of competitors in Wasilla, giving them a unique advantage. Their competitive edge lies in being a small, family-owned business that prides itself on personalized service and facility upkeep. They offer 24/7 availability, allowing customers to access their products or request services at any time, unlike larger companies that have fixed operating hours. This commitment to customer service is a key differentiator for RTT Logistics.
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General Information
Business Registration Number: 83-1295373
Location: Wasilla, AK, United States
Length of Operation: 1.5
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
Expansion of business locations into Fairbanks and Anchorage to better provide our cold and dry storage services to our customers. Expansion of our vehicle fleet - Add reefer and dry trailers along with trucks
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Business Plan
Our business is growing and we are expanding with one of our current contracted customers that will have stores in 5 areas of Alaska. Our Transportation of goods will increase over the next 5 years to service the Fairbanks, Anchorage and Soldotna areas. Along with being able to add more customers With over 25 years experience in transportation from AK to the lower 48 and Distribution in the grocery and fishing industries we wanted to offer 3rd party logistics at an affordable rate to the small businesses of Alaska. We saw a need for dry and cold storage that isn't readily accessible for business in the Matanuska Valley. Most business have to go to Anchorage which if an hour away. With making that possible we have maxed out our cold storage and will need more space for the upcoming influx of product we have coming in for our contracted customer in the next month. We started this business on a hope and a dream and in a year we have gone from ZERO to 100K and this is only just the beginning.
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Self Identified Competition
We have no competitors in Wasilla. Being a small family owned and operated business we take pride in our facility and our quality of services we provide to our customers. We are available 24/7 - Our customers can call on us anytime they need access to their products or need to request any additional services or even just to talk. Most larger companies can't offer that.... when they are closed they are closed.
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Contact Applicant
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