Odyssey Logistics & Technology posts good earnings growth

Logistics software company Odyssey Logistics & Technology Corporation announced today that their earnings grew by 18% in 2015, continuing a trend of double digit growth that has been happening for the last eight years. It has managed this by holding a leadership position in complex verticals with a focus on driving significant technology advances and realising operational efficiencies, and these in turn have sped up its growth.

Bob Shellman, president and CEO, Odyssey said, “Our earnings growth is a direct result of our acquisition strategy and technology advancements, as well as leveraging our global network to expand the offerings in our portfolio. We continue to seek opportunities that not only expand the breadth of Odyssey’s services, but also satisfy the increasing needs of our global client base.”

In late 2015 the company launched WIN™ (Web Integrated Network), a no cost / no fee cloud based transportation solution that offers shippers and efficient, single source system to make logistics transportation management easier, faster and more cost effective.

In addition Odyssey opened a new managed services chemical sampling facility in Shanghai, China and launched global services that had previously only been available to customers domestically. The company has entered the global metals transportation market, providing international door-to-door service inclusive of ocean movement for both ferrous and non-ferrous metals. Odyssey has also expanded its automated ShipRite on Demand™ (SROD?) LTL services in Europe.

Cosmo Alberico, chief operating officer and CFO, Odyssey said, “In addition to offering new services, we are experiencing overall operational improvements stemming from a culture that has a focus on driving efficiencies that lead to profit improvement throughout the company. These profit improvements have come through further automation and implementation of best-in-class work processes across the organization.”