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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