HENDERSON, Nev.--(BUSINESS WIRE)--On the Move Systems (OMVS) is conducting due diligence on a trucking firm, an acquisition that, if completed, would enable the company to expand its revenue base beyond its shared economy platform and courier service, both currently under development.
“Our shared economy research indicated strong potential for an on-demand platform and a trucking firm as well,” said OMVS CEO Robert Wilson. “It’s a great way to grow the company and build shareholder value. We’ve found several potential opportunities well suited to begin operations and are conducting preliminary due diligence on one of them now. With freight contacts made during our shared economy platform development, we believe we can quickly hit the road and generate a new, diverse revenue stream in a short time.”
The American Trucking Associations’ (ATA) U.S. Freight Transportation Forecast projects freight volumes will jump nearly 29 percent by 2026. Meanwhile, GE Capital’s respected Trucking Industry Economic Outlook Survey revealed that nearly half of all trucking executives polled reported solid revenue growth and that they expect the industry to grow substantially in the coming years.
In addition, other recent studies are forecasting a coming shipping capacity shortage that could spell opportunity for new entrants into the trucking industry.
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.
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