Scottsdale 7/17/2015 8:00:00 PM
News / Finance

QualityStocks News - On the Move Systems (OMVS) Considers Creating Uber-Style Shared Economy Courier Service

QualityStocks would like to highlight On the Move Systems, Inc. (OMVS), specializing in the development of cutting-edge technology to transform and synchronize freight supply chain operations for a broad range of industries. The company is exploring new online tools to reduce costs and increase convenience in the tourism and travel industry, as well as new opportunities in trucking. OMVS works with a premier group of international providers to offer its services in two key divisions: Trucking Logistics and Inter-modal Freight.

In the company’s news,

On the Move Systems said it is mulling the start of a shared economy, same-day courier service and has been conducting extensive market research into determining the feasibility and ideal location for such an operation.

Initial design of the courier service would use a shared economy business model similar to the highly successful Uber, Lyft and Airbnb in which local drivers would deliver packages or documents on-demand from customers to the destination of their choice within a pre-determined length of time – usually a few hours.

“This is the next logical step in our company’s continued evolution,” OMVS CEO Robert Wilson stated in the news release. “Now that we’ve successfully reached the design stage on our trucking platform, it’s the perfect time to look for new markets that can generate additional revenues for OMVS and its investors. Our research shows the shared economy is a market ripe with possibilities. Foremost are courier services. We’re going to pursue this exciting new opportunity with great vigor.”

OMVS said it believes a shared economy courier service offers the potential for exponential growth in a $216 billion market on demand for fast and cost-effective local, same-day solutions to large, national couriers such as FedEx and UPS.

Analysts estimate the shared economy services to be $450 billion market, and OMVS notes that there exists a ready pool of drivers who are already familiar with a shared economy business and would use this to supplement their income, as well as people who would like to earn additional pay but don’t want to use their vehicles to transport strangers in a ride-sharing model.

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