Odyssey Logistics and Technology Corp.

However, we believe that results will continue to improve somewhat as industrial activity picks up in 2021, after severe winter weather early in the year. Odyssey should also benefit from higher pricing for freight transportation, especially for its largest segment, intermodal transportation, which consists of the movement of shipping containers using more than one mode of transportation. According to the Assn. of American Railroads, U.S. intermodal volumes have increased approximately 17% through the end of April from 2020 levels, as trucking capacity remains constrained and import volumes at U.S. ports remain high. Therefore, we forecast revenues to increase in the high-single-digit percent area in 2021, following a decline in the high-single-digit percent area in 2020. The stable outlook on Odyssey

...We expect operating results to improve in 2021, as the operating environment strengthens following a difficult 2020. Compared to other logistics peers we rate, Odyssey Logistics And Technology Corp. has higher exposure to industrial freight, with a large portion of its customers operating in the chemical and metal industries. The industrial economy experienced a more acute impact from the COVID-19 pandemic. Social distancing measures and economic restrictions led to temporary factory closures and lower pricing on certain commodities, such as steel and aluminum. Although demand for freight transportation and logistics services improved beginning last summer, we believe most of this higher demand came from increased consumer spending and restocking activity. However, we believe that results will continue to improve somewhat as industrial activity picks up in 2021, after severe winter weather early in the year. Odyssey should also benefit from higher pricing for freight transportation, especially...

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