Innovation in the world of trucking isn’t something you hear
about every day, but it should be, given that if the American economy were a
human body, trucking would be its veritable lifeblood. American Trucking
Associations (ATA) data shows that roughly 68.8 percent of all domestic freight
tonnage is handled by over-the-road trucking, and that overall industry
revenues were up in 2014 by 2.6 percent, breaking the $700 billion mark for the
first time in history. Moreover, 1.6 million Americans are employed by the
industry, earning around $43,000 a year on average, and they moved just under
10 billion tons of freight last year. The ATA’s For-Hire Truck Tonnage Index
was up 1.8 percent YOY in June, near the January 2015 all-time high of 135.8,
at a seasonally-adjusted 132.1, despite factory output having been relatively
soft, and an inventory reduction throughout the supply chain that was hampering
throughout until summer kicked in.
Transportation and supply chain management is the core of
this massive, logistical engine of over-the-road trucking. In this arena,
real-time supply chain situational awareness is key, requiring both visibility
and flexibility of what is being shipped and how it is being shipped, in order
to optimally execute on any given transportation objective. That is why
technological innovation in this area of the trucking industry (and broader
intermodal freight transportation industry) is of such importance to investors
who are looking to get in on the ground floor, with companies that represent
disruptive potential. Companies like full-service transportation logistics
outfit, On the Move Systems, Inc., which is developing a proprietary ISTx
Platform for creating solutions that increase cost-effectiveness, convenience
and ultimately real-time supply chain transparency, in order to ultimately
bring forth a sharing economy-based revolution in the trucking industry as
we’ve known it. The ISTx Platform will not only allow for real-time situational
awareness of the supply chain, but enable rapid computation of minimal-cost
routing, and provide a powerful delivery assurance framework.
Using information technology to revolutionize an industry
like trucking – which is still hamstringed by legacy systems and antiquated
methodologies, and thereby significantly optimize overall logistical efficiency
and operational cost-effectiveness through a more complete utilization of
resources, as well as the sharing/reuse of excess capacity – constitutes a new
and more complete vision for the future of the industry. This is the central,
driving vision at OMVS, which is creating a shared economy business model
powered by its ISTx software platform, which is essentially Uber for the
trucking world. Uber’s meteoric rise has been due to its focus on a shared
economy business model, powered by the Uber mobile app, which lets end-users
submit cab trip requests themselves, before those requests are intelligently
and automatically routed in real-time to Uber drivers using their own vehicles.
Applying this same logic to the world of trucking is a
concept that is overdue for emergence and the enthusiasm of the reception by
markets has been as wild as a revolutionary tech startup for OMVS. From
strategically-based regional trucking fleets tailored to meet specific demands
in key markets and an open scheduling/pricing platform, to specialty brokerage
services dovetailed into the national and North American carrier network, OMVS
emphasizes on attentive customer service and a personnel pool packed with
knowledgeable, helpful people.
The task of creating an “Uber-for-Trucking” shared economy
platform for the industry is in good hands, as OMVS empirically possesses both
the technical capabilities (demonstrated by the creation of its ISTx Platform),
and real-world industry experience needed in order to tie together all the
perfect features that a truly captivating solution requires. Having tapped a
top Houston-area software design firm known for its success making similar
shared economy platforms back in mid-July, and having plowed months of research
and engineering into optimizing the customer interface, OMVS is now floating JV
potential, testing the waters for freight brokerage and paralleled industry
operators to partner up with, as the debut of this revolutionary new online
platform looms large on the horizon.
To take a closer look, visit www.onthemovesystems.com
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