DANBURY, Conn.--(BUSINESS WIRE)--Odyssey Logistics & Technology Corporation (Odyssey) today broke ground on the construction of a new 121,680-square-foot metals transload facility in Joliet, Illinois. The facility will be operated by Odyssey’s subsidiary CMI Logistics LLC (CMI).
Situated on 17 acres in the CenterPoint Intermodal Center - Joliet (CIC-Joliet)/Logistics Park Chicago (LPC), it provides easy access to the BNSF intermodal rail yards through the park’s private, heavyweight road system. The site also provides easy access for flatbed motor carriers bringing metal products into CMI from Interstate 55 and Interstate 80. Dan Leahy and Adam Roth of NAI Hiffman represented CenterPoint in the transaction.
“This is an investment in the future of our business and will better serve our metals industry clients,” said Bob Shellman, president and CEO, Odyssey. “The additional square footage over our current facility will increase our throughput by 20 percent, provide for a larger container staging area and improve operational efficiencies.”
“The location of CIC-Joliet/LPC provides direct access to the BNSF intermodal rail yards and the interstate system,” said Brian McKiernan, senior vice president of development, CenterPoint. “Developing a build-to-suit facility for CMI and offering heavy overweight shipping options is ideal for their growing operations.”
Shellman also added that moving its operation from Chicago to Joliet offers a route that is less congested. “The new facility makes it much easier for our partner-carriers to get in and out and is something that will have a positive impact on our customers’ logistics and shipping needs.”
The new facility features ten docks, six drive-through doors, 16 trailer positions, nearly 6,000 square feet of office space, 51 car parking spots, and reinforced slab floors. The facility is expected to be operational by the early second quarter of 2017.
CMI is a wholly owned subsidiary of Odyssey and is North America’s leading intermodal service provider for metal products, including heavy coils. The company moves approximately 35,000 containers annually throughout North America and abroad.
“Our business is focused on the intermodal movement of metals and it is crucial for us to be strategically located near intermodal rail ramps and highway infrastructure,” said Paul Sever, EVP and general manager, CMI. “Having several shipping solutions and a state-of-the-art facility developed in CIC-Joliet is the perfect fit for our business.”
“This facility not only will allow us to continue to grow our domestic intermodal business, it will enhance our international capabilities, serving both our import and export metals customers,” added Shellman.
About Odyssey
Odyssey Logistics (Odyssey), is a global logistics solutions provider with an over $2B freight network. Odyssey’s services include international transportation management, intermodal services, trucking services, and managed services and consulting. With operations in North America, Europe and the Far East, Odyssey operates in all modes of transport with TL/LTL trucking, containership, rail, air, and bulk transport including bulk truck, ISO Tank, railcar and tanker, as well as food-grade product lines.
The Odyssey Global Logistics PlatformSM features a transportation management system that supports the safe, reliable and efficient delivery of client products throughout the world. WIN (Web Integrated Network) offers a scalable technology solution with an accelerated deployment and faster time to value.
For more about Odyssey, please visit www.odysseylogistics.com and www.winthruolt.com.
About CenterPoint Properties
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint‘s portfolio includes 54.9 Million square feet and 3,146 acres under development in the company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit www.centerpoint.com or follow @centerpointprop on Twitter.
