Odyssey Logistics has had its debt rating upgraded by Moody’s Investors Service, with its commentary offering a small window into the current market for 3PLs.
There are few publicly traded 3PL companies; C.H. Robinson (NASDAQ: CHRW) is easily the largest. And there aren’t many 3PLs with publicly traded debt that receive ratings from the main ratings agencies such as Moody’s.
Conditions are good enough for Odyssey, which is owned by private equity firm The Jordan Co., that it led Moody’s to...