Press Releases: 07/19/2005

Odyssey Logistics & Technology Launches Robust Tank Truck Service Offering

DANBURY, Conn. – July 19, 2005 – Odyssey Logistics & Technology, a provider of global transportation and logistics services for chemical and process manufacturers, today announced an enhanced service offering that will provide greater efficiencies for all clients on all modes of transport, including tank trucks, the leading method of delivering chemical goods to market. Chemical manufacturers and distributors are constantly seeking ways to streamline their logistics processes and cut transportation costs. Odyssey’s offering which includes continuous movements and advanced outbound and inbound load rack scheduling for liquids as well as scheduled pick-up and drop off appointments for truckload and LTL, enables chemical manufacturers to streamline cargo movements, save money and maximize utilization of carriers’ equipment.According to an Odyssey customer and global manufacturer of chemicals, “as a chemical manufacturer today, we must ensure and maintain the highest levels of efficiency in the transport of our goods. In order to keep our competitive edge in the market, we’ve turned to Odyssey to manage the transport of our raw materials and finished products. As both an industry leader and a chemical expert, Odyssey has given us unparalleled services and support.”With this launch, Odyssey provides process and chemical manufacturers a solution for tank truck logistics and transportation efficiencies, translating directly into cost savings for all members of the supply chain.Through Odyssey’s technology platform, customer orders with compatible materials that can be sequenced one after the other are scheduled into continuous movements to maximize overall network utilization and reduce transportation costs. This provides shippers with cost savings while at the same time presenting carriers with new opportunities to improve their fleet utilization due to Odyssey’s technology and network density across multiple shippers.

Through Web-based access, carriers can easily schedule pick-up appointments, ensuring that loading and unloading rack resources are efficiently used and providing carriers with the ability to select the time slots that are most suitable. Plant personnel and customer service staff have convenient access to each loading rack’s daily schedule over the web. Business rules such as rack operating hours and restrictions on which chemicals can be loaded on each rack are enforced. Odyssey staff members oversee the process and resolve any conflicts that may arise. This service allows chemical companies to reduce the workload required at each plant to manage rack schedules. Additionally, the new tool replaces ad-hoc methods, such as spreadsheets, providing the shipper with a leading edge tool for managing rack appointments directly linked to the shipper’s orders.

In February 2004 Odyssey announced the acquisition of assets and business of Omni Logistics, the market leader in bulk trucking services in the United States, making Odyssey the largest non-asset owning bulk trucking company in the country. The acquisition added a sophisticated bulk transportation network to Odyssey’s existing service offering, creating new logistics and transportation efficiencies for its customers.

“Odyssey’s highly sophisticated bulk truck offering enables us to provide our customers with exceptional service, delivering materials and product faster, more accurately and in compliance with industry rules and regulations,” said Bob Shellman, CEO of Odyssey Logistics & Technology. “Odyssey’s chemical industry expertise paired with cutting edge solutions allows our customers to become leaders in their industry.”

About Odyssey Logistics & Technology
Odyssey Logistics & Technology provides global logistics management services to the chemical industry and other process manufacturers. Odyssey enables its customers to outsource any part of the management and transportation of their raw materials and finished goods, helping these companies save money through reduced transportation and infrastructure costs, measurable customer service and process improvements, and enhanced data quality and management. The Odyssey team of chemical engineers and logisticians brings unparalleled expertise to the logistics supply chain in all modes of transport. The Odyssey Global Logistics Platform is a first-of-its kind transportation management infrastructure that serves as the technology backbone to its service offering. Odyssey International is a licensed export freight forwarder and wholly owned subsidiary of Odyssey Logistics & Technology, managing exports to more than 80 countries. The company is backed by investors Trident Capital, LogiSpring, Boston Millennia Partners, CMEA Ventures and RRE Ventures. For more information, visit on the Web.

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