The nation’s trucking industry is facing a critical driver shortage, and On the Move Systems (OTCBB: OMVS) is developing a novel solution to solve the problem.
The shortage of drivers is attributed to numerous factors, including rising demand for freight services coupled with low oil prices, federal rules regarding the amount of time a driver can spend behind the wheel, and changing public opinion on the profession. The problem is causing costs to rise and trucking companies face high turnover rates and spiraling salaries.
OMVS’ innovative “Uber for trucking” platform could soon help solve these issues. The Company’s platform seeks to adapt the massively successful “sharing economy” model to connect carriers with local freight for efficient booking and quick turnaround on delivery. This allows independent drivers and brokers access to an economy service previously exclusive to larger companies.
“We’re giving truckers and brokers the opportunity to decide when and where to depart on their own terms,” said OMVS CEO Robert Wilson. “Determining exactly who is handling your load and building that connection is an important process for small enterprises. Freights staying within the general area is a novel concept that we’re spearheading in the industry.”
OMVS is currently in talks with local freight carriers to join the emerging on-demand platform and looking to software developers to create the app-based technology as a clear and suitable solution. The groundbreaking technology will allow the company to compete alongside Con-way Freight (NYSE: CNW), SAIA Inc. (NASDAQ: SAIA) and Old Dominion Freight Lines (NASDAQ: ODFL), establishing the Company as a major player in freight.