On The Move Systems Corp (OTCMKTS:OMVS) has been progressing well with its “Uber for Trucking” portal. With this, the company focus now shifts on mid-market haulers as the potential users of the ground-breaking shared economy online app. The company considers mid-markets shippers as a good fit for the on-demand trucking market.
The rationale
The companies in this range do not have a well-managed and sophisticated transport management system to administer complicated freight networks. A survey performed by Logistics Management highlighted that only 35% of shippers are utilizing TMS in their daily operations. The usage figure falls even lower when categorized by company size, with small-size and mid-size shippers showcasing the lowest TMS adoption rates.
The management speaks
Robert Wilson, the CEO of On the Move System said that the recent survey report indicates that there is a huge market potential for the designed portal. The innovative portal will act as an efficient tool to help truckers in managing their operations. Logistics Management survey also highlights potential new markets for company’s shared economy platform that it can enter into in the near future. As of now, the focus has been only on trucking segment.
The app
A transport management system helps logistics companies to better manage scheduling, loan forwarding, routing and carrier selection. The companies using a TMS can make effective use of their labor and assets. It can provide the firms with a leading competitive edge over the peers that don’t use such a system. For the same reason, leading trucking firms are spending large amount of funds on technology to enhance equipment utilization.
On The Move Systems’ radical portal can help in cost-control and efficiency enhancement by bringing together trucking firms and independent freight haulers on a shared-economy platform.
In last trading session, the stock price of On The Move Systems Corp (OTCMKTS:OMVS) surged more than 22% to close the trading session at $2.25. The gains came at a share volume of 334,577 compared to average share volume of 35,492.
