OMVS: Shared Economy Platform Could Fuel Additional Trucking Industry Growth

HENDERSON, Nev.--()--The nation’s trucking industry is in the midst of an impressive growth spurt and On the Move Systems’ (OMVS) upcoming “Uber-for-Trucking” on-demand platform offers freight haulers a cutting-edge technology based solution to keep the good times rolling.

The American Trucking Associations (ATA) recently published its U.S. Freight Transportation Forecast, which boldly predicted the industry will enjoy a robust 29 percent increase in freight volumes by 2026. “The outlook for all modes of freight transportation remains bright,” said ATA Chief Economist Bob Costello. “Continued population growth, expansion of the energy sector and foreign trade will boost trucking, intermodal rail and pipeline shipments.”

While the industry outlook appears stunningly bright, there is one potential dark cloud on the horizon: a continuing driver shortage. Reports estimate trucking companies currently face a shortage of 35,000 drivers.

“These two news items definitely indicate a real opportunity for a technology solutions company like ours,” said OMVS CEO Robert Wilson. “The predicted freight volume increase should drive demand for our shared economy platform, as firms will want to optimize these additional loads and routes. However, they’ll need drivers to haul these additional loads and our app can help there as well in connecting companies with local independent drivers wanting to contract with carriers. Our innovative platform looks like it will debut at a very opportune time.”

A recent industry outlook from Frost & Sullivan predicted trucking will soon see an Uber-style transformation, where shared economy platforms and apps, like the one now under development by OMVS, will play a major role in operations and revenue-generation.

For more information on OMVS, please visit www.onthemovesystems.com.

About On the Move Systems, Inc.

On the Move Systems, Inc. (OMVS) is focused on the development of cutting-edge technology across a broad spectrum of industries. The company is currently exploring new online tools to reduce costs and increase convenience in the tourism and travel industry and exploring new opportunities in trucking. For more information, please visit our website at www.onthemovesystems.com.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipates” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contacts

On the Move Systems, Inc.
Robert Wilson, 702-990-3271
President and CEO

Contacts

On the Move Systems, Inc.
Robert Wilson, 702-990-3271
President and CEO