Benefiting from solid domestic and international organic growth, as well
as successfully integrating an intermodal acquisition, global lead
logistics provider Odyssey
Logistics & Technology Corporation (OL&T) announced today that
earnings grew more than 50 percent in 2012. The company also continued
to add new employees across all its businesses.
"We are continuing our expansion in both the domestic and international
market to support our global customers," said OL&T President and Chief
Executive Officer Bob
Shellman. "In addition, OL&T has a special focus on domestic
intermodal services to drive efficiency and enable a greener footprint."
"As a result of continued investment in our global technology platform
in 2012, OL&T has delivered transportation management solutions which
have produced supply chain efficiencies and lower costs through improved
actionable data," added Cosmo
Alberico, OL&T executive vice president and chief financial officer.
"This directly translates into a greater competitive advantage for our
OL&T is continuing its strategy of combining organic growth with
strateic acquisitions that fit into the portfolio to spur growth on the
top and bottom lines. Discussions are continuing with both domestic and
During 2012, OL&T completed the acquisition of Palos Heights, Ill.-based
Interdom Partners, one the largest railway intermodal companies in the
U.S. Interdom Partners serves the domestic and international shipping
community, and this business unit manages a significant railroad network
that produces efficiency and a greener carbon footprint.
The OL&T logistics
network spans throughout North America into Europe and Asia serving
all modes of transport with coverage in more than 200,000 transportation
lanes and 250 ports worldwide. OL&T deploys a proprietary technology
platform for its clients and suppliers, facilitating collaborative
activities that drive significant cost savings from the network while
improving visibility of cargo movements and customer service.
Global Logistics PlatformSM is a patented technology
infrastructure that supports all modes of transport and global shipping
scenarios in a secure, hosted environment. The platform provides
comprehensive planning, execution, visibility, event management and
analytics functionality over a scalable data management and integration
base. The technology also provides a holistic view of a client partner's
multiple enterprise resource planning (ERP) systems for greater
interactivity, control and visibility.
Logistics & Technology (OL&T) is a global lead logistics
provider that empowers global logistics professionals with technology,
processes and information for better 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 truck brokerage, intermodal transportation,
customs brokerage, freight forwarding, facilities management, sample and
small order distribution, and more.
The Odyssey Global Logistics Platform SM features a
transportation management system that supports the safe, reliable and
efficient delivery of client products throughout the world. For more
information, please visit www.odysseylogistics.com
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