Scottsdale 8/12/2015 8:00:00 PM
News / Stocks

QualityStocks News - On The Move Systems (OMVS): Survey Shows Shared Economy Platform Triggering Uber-style Trucking Platform

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 is highlighting a new industry forecast that the trucking industry will soon experience an Uber-style transformation, where shared economy platforms and apps, like the one now under development by OMVS, will play an integral component of operations and revenue-generation.

The Frost & Sullivan report predicts that by 2025 such platforms will generate $26.4 billion in freight movement revenues as trucking companies take advantage of online, on-demand offerings such as route optimization. This key advantage will enable companies to more effectively utilize equipment and human resources to ensure mileage driven produces revenue rather than hauling an empty trailer.

OMVS also points to a article co-written by Frost & Sullivan’s Wallace Lau, who writes that smartphone-enabled shared economy apps, “will also help the driver locate nearby freight and carry it to its destination if the truck is also headed there. At the heart of this change will be mobile devices like smartphones that will enable people to connect freight to trucks, with spare freight-carrying capacity on an on-demand, ad-hoc, networked manner.”

OMVS CEO Robert Wilson agrees, noting his growing confidence in the company’s impending platform.

“Mr. Lau is certainly speaking our language and his market research hits right on target, backing up what we’ve found and validating our business model. The shared economy is going to transform logistics, from scheduling and route optimization to the hiring of drivers. This survey shows why we’re confident of the revenue potential of our upcoming platform, now under development,” says Wilson.

OMVS recently signed a letter of intent for development for its online, on-demand trucking platform, patterned on Uber’s cutting-edge shared economy model.

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