Trecora teams up with Odyssey for logistics services in North America
Trecora, a provider of specialty hydrocarbons and waxes, has signed a multi-year managed logistics service agreement with logistics solutions provider Odyssey Logistics and Technology.
Trecora initially entered into a supply chain consulting agreement with Odyssey to evaluate logistics costs in ISO tank shipments, liquid bulk truck and rail operations. The agreement provided benchmarking data on Trecora’s operations, distribution network, infrastructure and offered metrics including total spend, vendor costs and productivity performance.
"Our supply chain engineers spent two months aligning with Trecora on its efforts to achieve continuous process improvements and cost savings," said Bob Shellman, president and CEO of Odyssey. "Through our technology and efficiency roadmap, Trecora will utilize a full suite of data analytics and reporting tools to create cost transparency and performance enhancements."
"Trecora manufactures high-purity specialty petrochemicals and synthetic waxes,” added Patrick D. Quarles president, CEO and director of Trecora. “The quality of our products and the integrity of our supply chain are critically important to our customers. Together with Odyssey, we aim to maintain our performance profile at a lower cost by seamlessly integrating Odyssey's technologies into our business without disruptions to service. We look forward to continuing our work together with Odyssey to drive further improvements and long-term value for Trecora, our customers and shareholders."
Trecora, which manufactures specialty petrochemical products and synthetic waxes, as well as providing custom processing services, will leverage Odyssey’s managed logistics services to optimise its transportation management strategy.
This includes Odyssey's supplier network and team of supply chain engineers to drive cost savings, shipment visibility, insightful data reporting, continuous improvements and sustainability developments.
Trecora initially entered into a supply chain consulting agreement with Odyssey to evaluate logistics costs in ISO tank shipments, liquid bulk truck and rail operations. The agreement provided benchmarking data on Trecora’s operations, distribution network, infrastructure and offered metrics including total spend, vendor costs and productivity performance.
"Our supply chain engineers spent two months aligning with Trecora on its efforts to achieve continuous process improvements and cost savings," said Bob Shellman, president and CEO of Odyssey. "Through our technology and efficiency roadmap, Trecora will utilize a full suite of data analytics and reporting tools to create cost transparency and performance enhancements."
"Trecora manufactures high-purity specialty petrochemicals and synthetic waxes,” added Patrick D. Quarles president, CEO and director of Trecora. “The quality of our products and the integrity of our supply chain are critically important to our customers. Together with Odyssey, we aim to maintain our performance profile at a lower cost by seamlessly integrating Odyssey's technologies into our business without disruptions to service. We look forward to continuing our work together with Odyssey to drive further improvements and long-term value for Trecora, our customers and shareholders."
Trecora, which manufactures specialty petrochemical products and synthetic waxes, as well as providing custom processing services, will leverage Odyssey’s managed logistics services to optimise its transportation management strategy.
This includes Odyssey's supplier network and team of supply chain engineers to drive cost savings, shipment visibility, insightful data reporting, continuous improvements and sustainability developments.
