On the Move Systems this morning updated shareholders on progress of the company’s preliminary design work on its revolutionary shared economy trucking app, and says it continues to aggressively seek partners and logistics firms to join its growing network.
“We’ve been working quite closely with our design firm and the progress so far has been amazing,” said OMVS CEO Robert Wilson. “In addition, the logistics and shipping firms we’ve talked to understand and like our concept and have shown great interest in becoming a part of our system once we go online. A lot of work remains to be done, but we’ve accomplished a great deal in a very short amount of time.”
Amid ongoing preliminary design work, OMVS is encouraged by market information revealing that trucking companies are spending millions of dollars on technologies, such as the upcoming shared economy app, that streamline and increase operations efficiency. OMVS reports that in 2014 alone, logistics firms invested nearly $100 million in new technologies to improve their businesses.
OMVS says demand for trucking services, along with an ongoing driver shortage and “a looming related capacity crunch” demonstrate the need for a service such as the one OMVS is now developing, which could help companies “profitably navigate increasingly bumpier business roads.”
For more information, visit www.onthemovesystems.com
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