Odyssey Logistics & Technology Posts Earnings Growth of 18 Percent
Investments in technology, acquisitions and new services fuel growth
Danbury, Conn. (Feb. 9, 2016) — Odyssey Logistics & Technology Corporation (Odyssey) announced today that earnings grew 18 percent in 2015, continuing an eight year trend of consecutive double digit earnings growth. Holding a leadership position in complex verticals, with a focus on driving significant technology advancements and realizing operational efficiencies, has facilitated this growth.
“Our earnings growth is a direct result of our acquisition strategy and technology advancements, as well as leveraging our global network to expand the offerings in our portfolio,” said Bob Shellman, president and CEO, Odyssey. “We continue to seek opportunities that not only expand the breadth of Odyssey’s services, but also satisfy the increasing needs of our global client base.”
In late 2015, Odyssey launched WIN™ (Web Integrated Network), a no-cost/no-fee cloud-based transportation management solution that offers shippers an efficient, single-source system to make logistics transportation management easier, faster and more cost effective.
Additionally, Odyssey opened a new managed services chemical sampling facility in Shanghai, China and launched global services that had previously only been available to customers domestically. The company has entered the global metals transportation market, providing international door-to-door service inclusive of ocean movement for both ferrous and non-ferrous metals. Odyssey has also expanded its automated ShipRite on Demand™ (SROD℠) LTL services in Europe.
“In addition to offering new services, we are experiencing overall operational improvements stemming from a culture that has a focus on driving efficiencies that lead to profit improvement throughout the company,” said Cosmo Alberico, chief operating officer and CFO, Odyssey. “These profit improvements have come through further automation and implementation of best-in-class work processes across the organization.”
Odyssey Logistics & Technology Corporation (Odyssey) is a global logistics solutions provider with a nearly $2B freight network. Odyssey’s services include international transportation management, intermodal services, trucking services, managed services, consulting, and sample fulfillment. With operations in North America, Europe and the Far East, Odyssey operates in all modes of transport with TL/LTL trucking, containership, rail, air, and bulk transport, including bulk truck, ISO Tank, railcar and tanker.
The Odyssey Global Logistics Platform℠ 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 no cost/no fee transportation management solution.