Odyssey Logistics & Technology Corp. (OL&T) Announces Significant Intermodal / Trucking Acquisition : 1/21/14
DANBURY, Conn. (Jan. 20, 2014) – Odyssey Logistics & Technology Corporation (OL&T), a global supply chain logistics services provider, today announced the acquisition of both CMI Freight-Trans and Steel Wheel Transfer, 25 year old companies headquartered in Orland Park, Illinois (www.cmio.com). Now operating together as CMI Logistics, they are a leading intermodal distribution company with a special focus on the metals markets. Through its strategic network of transload facilities, CMI designs customized distribution programs, utilizing the specialized Load and Roll Pallet (LRP) originally developed by CMI, to provide efficient and expedient low-cost transportation into various gateways in the U.S., Canada and Mexico.
“Bringing CMI into the OL&T family is a significant win for our clients and Odyssey’s continued expansion across different verticals within the NAFTA region,” said Bob Shellman, president and CEO “We are also happy to report that Jim Darnell, Fred Brandt, and Paul Sever, along with the entire management team, will remain with the company.”
The CMI acquisition bolsters OL&T’s existing and vast intermodal network of containers and ISO tanks. However, Intermodal is just one facet of their services as CMI provides complete supply chain solutions utilizing its network of import/export transload facilities along with commercial and “in-house” trucking services to handle drayage and deliveries to railroads and various termination points.
“I believe that Odyssey is the perfect partner to facilitate the continued expansion of our business,” said Jim Darnell, founder and president of CMI Freight-Trans and Steel Wheel Transfer. When combined with Odyssey’s existing intermodal network, we will now have an even more comprehensive and seamless solution to offer our customers.”
Odyssey Logistics & Technology Corporation (OL&T) is a global lead logistics provider offering a broad array of services to support the shipment of cargoes, estimated at over $60B, moving both domestically and internationally to over 100 ports around the world. With operations in North America, Europe and the Far East, OL&T operates in all modes of transport with TL/LTL trucking, containership, rail, air, and the more complex areas of bulk transport including bulk truck, ISO Tank, railcar and tanker, as well as food-grade product lines. OL&T leverages four main components to drive process improvements and savings for clients: supply chain network evaluation and design; a patented, web-based information technology infrastructure; proven operational processes; and, volume aggregation that provide economies of scale for greater efficiencies. In addition to fully-managed logistics services, OL&T also offers individual 3PL services that include truck brokerage, intermodal transportation, customs brokerage, freight forwarding, facilities management, rail fleet 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.