OMVS: Trucking Headed for Another Strong Year, Boosting Prospects for Shared Economy Platform

HENDERSON, Nev.--()--As the calendar shifts to a new year, industry analysts are busy making their annual forecasts, and when it comes to trucking, those forecasts point to another good year ahead. That’s welcome news for On the Move Systems (OMVS), which continues development of its revolutionary shared economy platform that promises to help truckers optimize their operations and network with potential drivers.

“see(s) no scenario, no outcome on the horizon that is anything but great for this industry.”

Bill Graves, President and CEO of the American Trucking Associations (ATA), says he “see(s) no scenario, no outcome on the horizon that is anything but great for this industry.” The ATA is predicting overall industry revenue will jump 72 percent by 2022 and tonnage moved will climb nearly 24 percent in that same timeframe. Truckload volume, meanwhile, will grow 3.5% a year through 2019.

Robert Wilson, OMVS’s CEO, said these positive forecasts continue to bode well for the company and its upcoming shared economy platform. “The overall outlook is encouraging and promises long-term, steady growth. This means trucking firms will be willing and able to spend money on additional technology and resources like our on-demand platform to maximize their efficiencies and help them solve the ongoing driver shortage, which is a result of increased demand. The outlook for trucking is good and so it is for our platform as well.”

The outlook for trucking is so promising OMVS is conducting due diligence on acquiring a trucking company to expand its portfolio. OMVS’s proposed new trucking firm would allow the company to compete alongside Con-way Freight (CNW), SAIA Inc. (SAIA) and Old Dominion Freight Lines (ODFL).

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.

Contacts

On the Move Systems, Inc.
Robert Wilson, 702-990-3271
President and CEO

On the Move Systems, Inc.