Odyssey Logistics & Technology Continues Aggressive Growth Trend
By Odyssey Logistics Technology, PRNESunday, June 5, 2011
DANBURY, Connecticut, June 6, 2011 -
- Year-over-year revenues through May up 93 percent with profitable
earnings increasing three fold
Continuing on a rapid growth strategy, Odyssey Logistics & Technology
Corp. (OL&T) (www.odysseylogistics.com), a leading global logistics
and transportation service provider, today announced that top line revenues
in 2011 grew 93 percent through May when compared with the same period a year
ago.
According to company CEO and President, Bob Shellman, OL&T's expansion is
being attributed to continued double-digit organic growth as well as the
successful execution of its acquisition plan. "OL&T has completed four
strategic acquisitions over the past 14 months. Our continued global
expansion also is a factor in OL&T's growth as we have expanded beyond our
North American and European offices with new customer service centers in
Shanghai and Tokyo. This now allows us to efficiently service the Asian
market," said Shellman.
With these acquisitions, OL&T has been able to broaden its service
capabilities well beyond servicing the chemical and process industries. "As a
result of our recent investment in acquisitions and expanding our operations,
customers of all sizes and industries will benefit from Odyssey's vast
portfolio of managed logistics and transportation services. Our services
provide clients with enhanced control, improved service quality and bottom
line benefits within a company's delivery component of their supply chain,"
said Cosmo Alberico, executive vice president and chief financial officer,
OL&T.
"Our continued focus in growing and expanding OL&T operations in the U.S.
and abroad as well as acquiring high-value, service-oriented companies within
the logistics space better positions OL&T to deliver a wide range of
cost-effective logistics services to our customers," added Shellman.
About OL&T
Odyssey Logistics & Technology (OL&T) delivers a comprehensive portfolio
of managed logistics, international freight forwarding, carrier management,
supply chain consulting, and third-party services. The Odyssey Global
Logistics Platform (SM) is OL&T's technology infrastructure, and features a
proprietary net-native transportation management system that supports the
safe, reliable and efficient delivery of client products throughout the
world.
With double-digit average annual revenue growth for the last five years,
OL&T moves products with more than $55 billion in value between 185,000
origins and destinations and 220 ports worldwide. The company has received
recognition as a SmartWay Partner by the EPA and is a Partner in the American
Chemistry Council's Responsible Care(R) Initiative. For more information,
visit www.odysseylogistics.com.
Francis Onofrio, +1-203-393-1101, Ext. 169, fonofrio at mason23.com
Tags: China, Connecticut, Danbury, Japan, June 6, Odyssey Logistics & Technology