URBANA – When Roberson Transportation sold most of its assets a year ago, many employees of the Mahomet-based trucking company had to look for jobs elsewhere.
Three executives in the company's Worldwide Logistics Solutions division ended up forming their own company. Among them was Brian Griffin, the son-in-law of Roberson Transportation Chairman Roger Roberson.
Griffin, Paul McCreary and Brian Malec formed Order Logistics, a company with offices at 2710 S. Boulder Drive in Urbana's Stone Creek Commons office park.
According to its Web site, Order Logistics helps businesses handle product and inventory movements. The company says it helps clients improve customer service, decrease transportation costs and reduce inventory.
As part of Roberson's sale of assets, Worldwide Logistics Solutions was sold to Annett Holdings, an Iowa-based company that also acquired the PFT Roberson flatbed trucking division. After that sale, Griffin, McCreary and Malec found themselves working for Annett.
But, as Griffin explained in a brief phone interview last week, "When we went over to Annett (Holdings) after the sale of the company, we ended up deciding to go out on our own."
Order Logistics was founded in early spring and moved into its Urbana office in June, he said.
The company also has a technical center in Chicago, McCreary said in an e-mailed response to questions from The News-Gazette.
McCreary said that in founding Order Logistics, he and his colleagues moved to fill a perceived gap in the market.
"With our technology and logistics experience, we saw what the market and users were demanding, and we observed the existing market and gaps within that market," he said.
Today the company's services include: logistics data and financial management, freight bill audit and payment, load optimization control, and transportation and freight management services.
In the last month, Order Logistics stock has been listed on the Pink Sheets, a service that provides pricing information for over-the-counter securities. Order's ticker symbol is ODLG.
As of Thursday morning, the most recent sale price for the stock was $1.10 per share. As might be expected for a new company, Order Logistics stock is still thinly traded.
"We just started trading in 2006," McCreary said. "We listed (the stock) as part of our original business plan in order to take us to the next level in terms of potential acquisitions, mass marketing and financing."
In December 2005, Order Logistics announced it was making a Web-based "logistics information system" available for midsized manufacturing and distribution companies. Businesses can use the system as a "communication gateway" to supply-chain partners.
Griffin said such a tool was sorely needed.
"The midmarket has been clamoring for affordable and easy-to-use supply-chain execution tools to help them reduce operating costs (and) improve productivity and customer service," he stated in a press release.
The system helps with collaboration of orders, order confirmations and resulting shipments among suppliers, manufacturers, distributors and carriers.