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OMVS: Mid-Market Shippers Good Fit for Upcoming On-Demand Trucking Market
HENDERSON, Nev.--(BUSINESS WIRE)-- As development work continues for On the Move Systems’ (OMVS) “Uber for Trucking” portal, the company has focused its sights on mid-market haulers as the best potential users of the revolutionary shared economy online app.
Firms in this range often lack sophisticated transport management systems (TMS) to administer efficiently ever more complicated freight networks. A recent survey conducted by Logistics Management revealed that only 35 percent of shippers, including truckers, are using TMS in their daily businesses. That usage figure drops even lower when broken down by company size, Logistics Management said, with mid-size and small-size shippers having the lowest TMS adoption rates.
“This survey shows there is great market potential for a portal like ours that will help truckers better manage their operations,” said OMVS CEO Robert Wilson. “And it also indicates potential new markets for our shared economy platform we can expand into down the line. We’ve been focused entirely on trucking thus far. However, there’s no reason why our portal can’t be just as effective for other logistical companies that move freight.”
A TMS helps logistics firms to more effectively manage scheduling, routing, carrier selection, and load forwarding. Companies utilizing a TMS can make better use of their assets and labor, giving them an advantage over firms that don’t have such a system. As a result, leading trucking companies are spending large sums on technology to maximize equipment utilization and more effectively price their services.
OMVS’s revolutionary portal can improve efficiency and cost-control by bringing together independent freight haulers and trucking companies into a user-friendly, shared-economy platform.
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.
OMVS Finding Strong Market Potential for Shared Economy Courier Service
HENDERSON, Nev.--(BUSINESS WIRE)-- Market research conducted by On the Move Systems (OMVS) shows that a shared economy courier service offers clear and distinct advantages over companies built on more traditional business models. These findings bolster and strengthen OMVS’s proposed service, for which the company is now actively scouting possible locations.
“We’ve found several compelling stats that lead us to believe a shared economy courier service would prosper in the right situation,” said OMVS CEO Robert Wilson. “For example, such a service would have a tremendous competitive advantage thanks to lower capital and labor costs compared to someone like FedEx or a local ‘hot-shot’ company. We’d have a flexible workforce driving their own vehicles, eliminating the need for any brick and mortar facilities and dramatically cutting overhead.”
Thanks to lower overhead, OMVS could offer very competitive rates and with a flexible workforce available at a moment’s notice, the new shared economy courier service could also provide faster deliveries than traditional companies. With an online, on-demand service, OMVS would not have to open and operate costly call centers or drop-off locations, nor hire ground and administrative staff, or loading crews. This would free OMVS from incurring debt, a problem for many traditional courier companies.
Courier service revenues have been climbing steadily in recent years, up almost 15 percent to nearly $95 billion in 2014 from $80 billion in 2009. A survey of courier companies reported most enjoyed double-digit revenue growth in 2014 and that they expect similar results this year.
Market analysts peg the courier industry as a $216 billion market overall.
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.
On the Move Systems, Inc. (OMVS) specializes 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.
Logistics are critical to the success of any operation. OMVS's Trucking Logistics division operates as one of the most competitive, full-service transportation logistics providers in the United States. Utilizing the company's ISTx Platform, this division helps customers strategize how to get from one point to another, as well as solves some of the toughest logistics challenges on the road today. OMVS's Trucking Logistics technology provides customers increased visibility, minimal-cost route effectiveness, and delivery assurance.
OMVS's Intermodal Freight division offers seamless cargo continuation, tracking, shipping and receiving of goods anywhere in the world. The company's customer service teams and drivers communicate through the ISTx Platform allowing for flexibility, control and monitoring of each freight shipment. OMVS continues to research and explore the most effective and resourceful tools in order to effectively serve customers with unique shipping requirements in the billion dollar trucking industry.
In his more than 20 years of experience, OMVS president and CEO Robert Wilson has cultivated vast expertise as an executive and financial consultant for companies in aviation, energy, oil and gas, IT and healthcare. In addition to his work valuing and assessing small-to-middle market companies, Wilson has also served as both an officer and director of such client companies. Wilson applies his expertise in the transportation business and investment banking to spearhead OMVS's new initiative to create a new kind of online transportation platform to an international market.
Investment Highlights
Broad Portfolio of Transportation, Logistics, Truckload Services
Proprietary Platform Transforms Freight Supply Operations
Versatile Platform Enables Truckers to Exploit Big Data Analytics
Exploring the Most Effective Tools & Assets for Optimal Efficiency
Premier Group of International Providers Maximizes Transport Options
Targeting Additional Shared Economy Trucking Partnerships
Trucking Logistics
On the Move Systems specializes in roadmaps, successfully plotting how to get from one point to another, as well as solving some of the toughest logistics challenges on the road today. Leveraging these capabilities, OMVS is quickly expanding as one of the most competitive, full service transportation logistics companies in the United States.
Another hefty contributing growth factor is the company's service and people - focusing 100% on customers' needs in the areas transportation and supply chain management. In addition, OMVS's ISTx platform provides increased visibility, minimal-cost route effectiveness and delivery assurance.
Regional
We know the territory. It's where we live.
The team at OMVS is driven by the company's inspired commitment to service – both on the road and with its customers. Each driver has the windshield experience and the tools to exceed expectations with every mile marker they pass. Customers have access to a fleet when and where they need them.
Wherever, whenever, however:
Strategically-based fleets assigned to regional routes ensuring capacity and drivers for demand in specific areas
Open scheduling and pricing platform ensuring responsiveness and on-time performance
Customer service teams providing a single point of contact for all service needs
Logistics
We see the horizon – and all the way points.
Logistics is driven by two key elements: visibility and flexibility. OMVS has the technologies and transportation asset management capabilities to control costs at each stage of the supply chain. Simply said – OMVS manages value, not just trucks.
Each day, OMVS customer care group works with company clients to not just manage product throughout the delivery cycle, but to operate with precision. Each handoff between partners and providers will be tracked through the ISTx Platform which allows for visibility and agility.
OMVS views every day challenges as opportunities to deliver on the promises for its clients. It doesn't matter what is being delivered – it matters who is the one delivering.
Brokerage
One call can really take the weight off.
The brokerage team at OMVS can place expedited, traditional, refrigerated, less-than-truckload freight, and heavy haul loads with national and North American carriers. The company not only picks the best partners and providers that will share its commitment to safety, reliability and compliance – it also brings together the best people and tools to get your product on the move – on time.
Purchasing power saves you on every load. OMVS looks at minimal-cost routing and optimized provider choices automatically within its system. Using preferred partners and providers means customers get the best rates and priority – every time.
There's only ONE NUMBER needed. With a single call, OMVS customers can move just about any kind of freight anywhere in North America. OMVS will take care of the details.
Eyes on the prize. The OMVS team knows when and where each shipment is 24 hours a day, seven days a week. OMVS partners and carriers have to meet tough criteria and guidelines to be trusted with the shipments of the company's clients.
Refrigerated
Temperature-controlled transportation requires a high degree of expertise. We've got that, too.
Frozen, chilled or simply temperature controlled, OMVS recognizes the importance of every detail. From the load time to local weather forecast, the margin for error is difference between ice cream and "no green."
OMVS helps clients optimize their supply chain with a unique approach to the service and the planning. OMVS's equipment sets the standard in temperature-controlled transportation, and with a growing network of partners in the space, the company provides flexible options throughout North America.
On-Budget. On-Time. On-Temp.
Like the rest of OMVS services, one call to the service team provides access to the trucks and team that will deliver the products.
The company's responsiveness is unmatched because its carefully selected partners know the importance of temperature controlled freight. OMVS only works with the best in the industry.
Inter-Modal Freight
We're both the "Go" and "Between"
OMVS leverages its experience as an asset-based provider and relationships with other providers of transportation services to provide a seamless cargo continuation – no matter where it needs to go.
The company tracks, ships, and receives goods, backed up by customer service teams and drivers which communicate through the ISTx Platform allowing for flexibility and control of all cargo. With a goal of exceeding expectations, OMVS monitors each freight shipment to ensure the highest level customer satisfaction.
On The Move Systems Provides:
Simplicity of Service: A single point of contact that provides a "chain of custody" for customer shipments – managing the entire chain of providers – from start to finish.
Peace of Mind: Monitoring the GPS location and "real-time" tracking of OMVS asset throughout transit.
Uber-for-Trucking Platform
According to GE Capital's recently released "Trucking Industry Economic Outlook Survey," national and local carriers are finding fewer idle trucks available for capacity, and as a result, "companies have gotten smarter about the contracts and the routes that they take, and how they match those with the businesses available."
The survey reveals that truckers are actively looking for ways to increase route optimization, a major selling point of the company's upcoming "Uber-for-Trucking" platform.
The GE Capital survey also revealed other encouraging industry signs that bode well for OMVS's shared economy model. Just under half of all respondents believed the trucking business will expand in the next 12 months. More than a third expected to increase their capital spending in the next year and just under 50 percent planned to add new equipment.
OMVS CEO Robert Wilson said this important finding plays right into the shared economy business model now under development. "The GE Capital survey shows truckers are putting more time and effort into selecting routes in order to optimize their business and profits. And our own market research matches the survey's results. Both show there is a great need in the industry for our shared economy model and when it is released, we're optimistic our revenues will throttle up quickly as truckers discover how this unique platform will positively impact their business."
OMVS's innovative online, on-demand trucking platform aims to take advantage of America's growing national interest in sharing economy services, sales of which could grow to $335 billion by 2025. The company is currently growing its network of local freight carriers and is working closely with software developers to refine and enhance the app's power and versatility.
Management
OMVS has a defined a clearly structured corporate governance system used as the foundation for all decision-making, corporate controls, and engagement with peers and partners. This structure includes the following:
A strong, value-based management that is responsible for long-term success,
A goal-oriented and respectful cooperation between the executives and management,
A clear focus on the interests of company shareholders, employees and other key stakeholders
A risk management system that provides visibility and accountability to all entrepreneurial decisions; and
Adhering to the corporate mission to create lasting value for shareholders, partners and customers through exceptional service and integrity.
Robert Wilson – CEO
Over the past two decades, OMVS president and CEO Robert Wilson has cultivated a wealth of diverse knowledge and expertise as an executive and financial consultant. His comprehensive business experience includes consulting with companies in aviation, energy, oil and gas, IT and healthcare. In addition to his work valuing and assessing small-to-middle market companies, he has also served as both and an officer and director of such client companies. Wilson will utilize his expertise in the transportation business and investment banking to spearhead OMVS's new initiative to create a new kind of online transportation platform, forging strong partnerships to bring innovative service to an international market.
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