Moody’s cuts Odyssey rating amid weak freight market

Odyssey Logistics had its debt rating lowered by Moody’s Ratings Tuesday, following a similar move by S&P Global in June, with Moody’s seeing no signs of an improved freight market coming to boost the company’s economic fortunes. 3PL Odyssey is unique in that it is a rare logistics company that is privately-held but has publicly-traded debt rated by an agency such as Moody’s. Echo Global Logistics is another example of a 3PL that falls into that category, while C.H. Robinson (NASDAQ: CHRW)  and RXO (NYSE: ...