Odyssey Logistics & Technology
Acquires Hawaii Intermodal Tank Transport: 5-28-2013
Strategic acquisition expands OL&T’s
intermodal, global ocean and bulk liquids transportation capabilities
DANBURY, Conn. (May 28, 2013) – Global lead logistics provider, Odyssey Logistics & Technology Corporation (OL&T), announced today that, through its affiliate, OL&T FoodTrans LLC, OL&T has acquired the bulk liquid food products transportation business of Palmetto, FL-based Hawaii Intermodal Tank Transport (HITT). HITT is a world-leading operator of intermodal tanks operating the largest fleet of double insulated and refrigerated ISO Tanks exclusively dedicated to moving food-grade products (www.HawaiiTank.com).
“It is HITT’s ability to deliver environmentally-responsible and sophisticated temperature controlled, high purity logistics solutions for road, rail and ocean transport that earned them the competitive edge and impressive growth that drew OL&T’s attention,” said Robert Shellman, OL&T president and chief executive officer.
As part of the transaction, OL&T will acquire rights to the well-established Hawaii Intermodal Tank Transport brand. The new business will be integrated with the intermodal tank services of OL&T’s Optimodal business unit under the leadership of Greg Snyder, president of Optimodal, Inc. Following the acquisition, the seller will continue to provide exclusively aseptic transportation of food grade products under the “AsepTrans” name.
Shellman said, “We are very happy to also announce that HITT’s founder, Bahman Sadeghi, will join the Odyssey leadership team as we drive to increase business globally.” Bahman added, “We are very excited about the additional capability that OL&T brings, and my team looks forward to the accelerated growth this will deliver.”
OL&T’s logistics network crosses North America, Europe and Asia, serves all transport modes, and moves $65 billion in cargo through 200,000 transportation lanes and 250 ports using its proprietary global technology platform to improve efficiency, to reduce transportation costs, and to provide the information that empowers logistics professionals’ decision making.
Shellman expects OL&T to complete additional acquisitions in 2013.
Odyssey Logistics & Technology Corporation (OL&T) is a global lead logistics provider that empowers global logistics professionals with technology, processes and information for improved decision making. OL&T leverages four main components to drive cost savings for clients and generate better service from transportation suppliers: supply chain network evaluation and design; a patented, Web-based information technology infrastructure; proven operational processes; and, volume aggregation to provide economies of scale for greater efficiencies. In addition to fully managed logistics services, OL&T also offers individual 3PL services that include rail, truck brokerage, intermodal transportation, customs brokerage, freight forwarding, facilities management, sample and small order distribution, and more.
The Odyssey Global Logistics PlatformSM features a transportation management system that supports the safe, reliable and efficient delivery of client products throughout the world. WIN (Web Integrated Network) offers a scalable technology solution with an accelerated deployment and faster time to value. For more information, please visit www.odysseylogistics.com and www.winthruolt.com.