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On the Move Systems nears acquisition of trucking firm

App-based trucking platform would compete with major LTL carriers, company says.

Ben Ames
By Ben AmesJan 13, 2016
Ben Ames
Ben Ames has spent 20 years as a journalist since starting out as a daily newspaper reporter in Pennsylvania in 1995. From 1999 forward, he has focused on business and technology reporting for a number of trade journals, beginning when he joined Design News and Modern Materials Handling magazines. Ames is author of the trail guide "Hiking Massachusetts" and is a graduate of the Columbia School of Journalism.
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The shared-economy logistics firm On the Move Systems Inc. (OMVS) is in the market to acquire an unnamed trucking firm in a bid to compete with LTL carriers like Old Dominion Freight Line Inc. and Saia Inc., the company said Thursday.

Henderson, Nev.-based OMVS, which is currently developing app-based platforms for LTL trucking and for rapid courier service, is in the process of evaluating the trucker for acquisition, it said. It did not provide details in a statement.

When it goes live, this "Uber for trucking" approach will provide on-demand service for shippers as they try to balance the tension between rising freight volumes and a forecasted capacity crunch, OMVS CEO Robert Wilson said in the statement.

"Our shared-economy research indicated strong potential for an on-demand platform and a trucking firm as well," Wilson said in a release. "We've found several potential opportunities well suited to begin operations and are conducting preliminary due diligence on one of them now. With freight contacts made during our shared-economy platform development, we believe we can quickly hit the road and generate a new, diverse revenue stream in a short time."

OMVS is also leveraging its ISTx platform technology to develop a shared-economy app for the rapid-courier market, building an online network that could enable customers to have their packages and papers delivered in hours via a flexible workforce of independent drivers, according to Wilson.

That platform will compete with Memphis-based FedEx Corp., Atlanta-based UPS Inc., and the U.S. Postal Service to provide "last mile" services for online retailers sending goods to customers, the company said.

ArticleTruckingTransportation
upson the move systems (omvs)saia inc.usps - united states postal servicefedexold dominion freight line
ArticleTruckingTransportation
upson the move systems (omvs)saia inc.usps - united states postal servicefedexold dominion freight line

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