Odyssey Logistics And Technology Corp.

Overview Key strengths Key risks Largely asset-light model requiring low capital spending. Small participant in the large and highly fragmented third-party logistics industry. Some exposure to shipping routes protected under the Jones Act, which provides some stability. Significant exposure to the cyclical trucking and freight markets. Serves markets with complex regulatory and safety requirements. Largely niche-focused, with fairly high exposure to chemicals and metals. We forecast revenue growth of 3%-5% in 2024 (compared with our previous forecast for revenue growth of 7%-8%). Our revised forecast is only slightly lower than previously assumed. However, it is also relative to a lower-than-expected revenue base in 2023, with an actual revenue decline of nearly 29% compared with our forecast for revenue decline of

...While we expect global freight demand to grow in 2024, it remains weaker than expected, and the timing of recovery remains uncertain, driving weaker revenue and EBITDA margins for Odyssey in the near term. We forecast revenue growth of 3%-5% in 2024 (compared with our previous forecast for revenue growth of 7%-8%). Our revised forecast is only slightly lower than previously assumed. However, it is also relative to a lower-than-expected revenue base in 2023, with an actual revenue decline of nearly 29% compared with our forecast for revenue decline of...

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