Odyssey Logistics Purchases Two Companies
January 23, 2014
Supply chain logistics service provider Odyssey Logistics & Technology Corporation, based in Conn., has purchased both CMI Freight-Trans and Steel Wheel Transfer, 25 year-old companies headquartered in Orland Park, Ill.
Now operating together as CMI Logistics, they are an intermodal distribution company with a special focus on the metals markets. Through its network of transload facilities, CMI designs customized distribution programs moving freight into various gateways in the U.S. Canada and Mexico.
OL&T says the CMI acquisition bolsters its existing intermodal network of containers and ISO tanks while its trucking services handle drayage and deliveries to railroads and various termination points.
“Bringing CMI into the OL&T family is a significant win for our clients and Odyssey’s continued expansion across different verticals within the North American Free Trade Agreement region,” said Bob Shellman, president and CEO of OL&T.
Existing CMI and Steel Wheel management will remain with the company.
Terms of the deal have not been disclosed.