Odyssey Logistics & Technology Corporation recently created four new operating divisions comprised of the following supply-chain components: Intermodal, Transport & Warehouse, Freight Forwarding, and Managed Services.
The company said that, given the size and diversity of its business structure today, the new alignment underscores its value proposition across a global platform and aligns existing units across common markets, modes, and services.
“By consolidating into operating divisions in market-based modal alignment, Odyssey is uniquely positioned to drive synergy, optimization, and organic growth from the bottom up,” said Keith Hancock, Odyssey CEO. “We are creating a combined and concise value proposition that is further enhanced by targeted acquisitions and efficient support structures worldwide.”
Since its inception, Odyssey has acquired 16 companies that form the basis of its current global service platform. As a provider of multi-modal services and supply-chain solutions, Odyssey transacts more than $3 billion in freight each year for customers worldwide, the company said. The new operational alignment reflects its continued focus on its service offerings and accretive acquisition strategy. Through synergistic acquisitions and organic investment, Odyssey has amassed expertise and capabilities across a range of sectors, including chemicals, metals, food and beverage, and freight of all kinds.
“This new division structure enables us to more effectively manage our collective business, simplifies our logistics market message, streamlines operational reporting, and creates business combinations that can more effectively react to growth opportunities given common mode and service platforms within each division,” said Cosmo Alberico, president and COO at Odyssey.
In tandem with the new divisional structure, Odyssey announced several promotions and new assignments across its executive team intended to drive the company’s new strategy forward. Glenn Riggs assumes the role of chief strategy officer, Michael Pozzi was promoted to chief financial officer and Laura Sheehy was promoted to chief human resources officer. The company also said each division will be led by a division president, naming Ken Stratton (Intermodal), Bill Ritter (Transport & Warehousing), Kevin Kelly (Freight Forwarding), and Charlie Midkiff (Managed Services) to these key roles supporting the new operational alignment.