Odyssey Logistics & Technology Archives

Odyssey Logistics gets better outlook from Moody’s than some peers

17 July 2023

Debt ratings agencies may recently have cast a negative view of brokerage houses, but Moody’s has increased the outlook on Odyssey Logistics & Technology from stable to positive.

The 3PL’s debt rating was affirmed at existing levels.

RXO (NYSE: RXO) last month held on to its debt rating of BB+ from S&P Global Ratings (NYSE: SPGI) but saw its outlook drop from positive to stable. C.H. Robinson (NASDAQ: CHRW) last month had a similar review with S&P Global Ratings in that its investment-grade...

https://www.freightwaves.com/news/odyssey-logistics-gets-better-outlook-from-moodys-than-some-peers

Odyssey Logistics’ publicly traded debt upgraded by key ratings agency

6 September 2022

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...

https://www.freightwaves.com/news/odyssey-logistics-publicly-traded-debt-upgraded-by-key-ratings-agency

Odyssey Logistics’ sustainability program targets emissions, inefficiency in supply chain

6 September 2021

Odyssey released its Cloverleaf sustainability program for customers.

With the recent launch of its Cloverleaf program, Odyssey Logistics and Technology Corp. has joined the ranks of companies offering customers a sustainability tool to reduce emissions and costs along their supply chains.

“The program offers technical and consultative resources that both shippers and carriers can use to reduce their carbon footprints, while improving the speed, resilience and efficiency of their supply chains. Real-time analytics provide the insights required to make optimal...

https://www.freightwaves.com/news/odyssey-logistics-sustainability-program-targets-emissions-inefficiency-in-supply-chain

Odyssey Logistics gets better outlook from key ratings agency

19 August 2021

The debt ratings of Odyssey Logistics & Technology Corp. were held steady by Moody’s Investors Service in a recent review, a little more than a year after the ratings agency downgraded them.

However, the outlook for the Connecticut-based company was changed to stable from negative. While that change has no impact on the actual rating, it does signal that the company’s finances are at a level where the rating does not have the short-term possibility to be downgraded — a negative outlook — or the...

https://www.freightwaves.com/news/odyssey-logistics-gets-better-outlook-from-key-ratings-agency

Borderlands: Odyssey Logistics expands into Laredo

4 April 2021

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Odyssey Logistics opens facility in Laredo; CBP beefs up border security; Rockport Terminals acquired by Jones Capital; and train collides with tractor-trailer in Houston.

Odyssey Logistics expands into Laredo

Danbury, Connecticut-based Odyssey Logistics & Technology Corp. recently opened a trucking and logistics facility in Laredo, Texas.

Odyssey Logistics said the...

https://s29755.pcdn.co/news/odyssey-logistics-expands-into-laredo

Best transportation companies for female employees named

5 October 2020

The Women In Trucking Association (WIT) has released its 2020 list of the top transportation companies for females.

The annual Top Companies for Women to Work for in Transportation list was created by WIT magazine Redefining the Road in 2018 as part of its mission to promote the accomplishments of businesses focused on the employment of females in the trucking industry.

Companies making the list this year were listed alphabetically, beginning with AGT Global Logistics, founded and led by Angela...

https://s29755.pcdn.co/news/best-transportation-companies-for-female-employees-named