Downtown Business Acquired
January 11, 2011
West Chester, PA -- Optimodal, Inc., an intermodal company specializing in the multi-modal transportation of ISO tanks and related services throughout North America, located at 119 North High St, has announced it has been acquired Odyssey Logistics & Technology Corporation (OL&T) according to Optimodal president Greg Snyder. 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 to over-the-road transportation services.
“Now is the right time to partner with Odyssey because there is a huge opportunity to leverage each other’s strengths and move faster towards our long term vision,” said Snyder. “We are excited about joining Odyssey as a wholly-owned subsidiary for several reasons, among them the growth prospects, our mutual customer-centric quality culture and the ability to leverage our mutual strengths and technologies.”
“OL&T acquired Optimodal, Inc. to add improved rail shipping services to our portfolio and to drive down the carbon footprint related to moving cargo,” said Robert H. Shellman, president and chief executive officer of Odyssey Logistics & Technology. “Optimodal offers the flexibility of local, short-distance truck transport combined with the efficiencies and security of long-haul rail transport.”
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.