Odyssey Logistics acquires Optimodal Inc
Jan 18, 2011 2:57 PM
Odyssey Logistics & Technology Corporation (OL&T) has acquired Optimodal Inc, an intermodal company specializing in multi-modal transportation of ISO tanks and related services throughout North America. Optimodal is the largest intermodal chemical sector service provider in the United States. The purchase allows OL&T to offer clients an extensive rail network of intermodal transportation services while lowering their carbon footprints approximately 50% compared with over-the-road transportation services.
“OL&T continues to make acquisitions that augment its ability to offer a complete portfolio of managed services as well as expand its client base. The purchase of Optimodal meets these objectives and at the same time provides Optimodal employees with additional opportunities within a larger organization,” said Robert H Shellman, president and chief executive officer of OL&T.
Optimodal will become part of the OL&T enterprise immediately and operate as Optimodal Inc, a wholly owned subsidiary of Odyssey Logistics & Technology. All current Optimodal customers will continue to be served without any changes in personnel or service. OL&T will also continue to utilize the current Optimodal Inc facility in West Chester PA.
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