Press Release
OL&T becomes recognized trusted trader by the EU
Danbury, Conn., September 7, 2012 – Odyssey Logistics Europe BVBA, a subsidiary of Odyssey Logistics & Technology Corporation (OL&T), has received certification as an Authorized Economic Operator (AEO) in response to the European Union’s need to secure international supply chains and the introduction of Customs-Trade Partnership Against Terrorism (C-TPAT) in the USA.
Odyssey Logistics Europe BVBA received the highest level of certification, the status of AEO-Full. OL&T customers will benefit from the certification as fewer inspections on goods will be necessary which ensures that goods move faster resulting in improved supply chain efficiency. Odyssey is fit to let customers make full use of new opportunities like simplified customs practices and contribution towards Green Lane procedures.
The European Union and the United States of America formally agreed to recognize traders who have been certified as trusted traders, allowing companies to benefit from a smoother flow of goods, financial savings and quicker delivery times. Odyssey Logistics Europe BVBA has joined more than 5,000 companies approved as AEOs in the EU. The certification demonstrates that Odyssey fulfills the requirements regarding management, systems, solvency and lawful conduct and that it has been a safe and reliable business partner. AEO is based on, and is compatible with, the World Customs Organization’s SAFE Framework of Standards which is being implemented by customs authorities across the globe.
“As more businesses receive AEO certification, the more efficient customs clearance will be,” said Bob Shellman, President and CEO, OL&T. “Since global expansion is essential to our business plan, this will help further our focus on providing broader service offerings, a larger transportation network and lower costs for our customers.”
“Our customers benefit from a recognized hallmark of quality and safety such as AEO certification in customs and supply chain management,” said Toine Matthijssen, Managing Director of Odyssey Logistics Europe. “The certification promotes synchronization of customs practices and worldwide procedures. It will be incredibly beneficial to our customers, and it allows customs officials to focus their attention on real risk areas.”
About OL&T
Odyssey Logistics & Technology (OL&T) is a global lead logistics provider that empowers global logistics professionals with technology, processes and information for better decision making. OL&T leverages four main components to drive cost savings for clients and generate better service from transportation suppliers: supply chain network evaluation and design; a patented, Web-based information technology infrastructure; proven operational processes; and volume aggregation to provide economies of scale for greater efficiencies. In addition to fully managed logistics services, OL&T also offers individual 3PL services that include truck brokerage, intermodal transportation, customs brokerage, freight forwarding, facilities management, sample and small order distribution, and more.
The Odyssey Global Logistics Platform SM features a transportation management system that supports the safe, reliable and efficient delivery of client products throughout the world. For more information, please visit www.odysseylogistics.com
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