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FST Logistics acquired Hyway Trucking, marking a significant milestone in FST Logistics' growth strategy and strengthening its position in the logistics industry.
"FST Logistics proudly welcomes Hyway Trucking and its valued customers to our family. As a 100% employee-owned company, we are committed to delivering excellence to our partners (customers and vendors), community, and shareholders. With the addition of Hyway Trucking and its asset-based truckload model, we are now uniquely positioned to offer unparalleled transportation and logistics full-service solutions to our customers, ensuring our ongoing commitment to the success of FST,” says Matt Hartman, chairman and CEO of FST Logistics.
Key takeaways:
- This acquisition brings together two Ohio-based companies with a shared vision of delivering excellent service and partnerships to their customers.
- By integrating Hyway Trucking's operations, FST Logistics can extend its reach and strengthen its transportation and logistics industry presence. This move promotes diversification within FST Logistics, and allows the company to broaden its customer base and offer extended services through dry and full-truckload assets.
- The acquisition provides access to Hyway Trucking's skilled workforce and industry-specific knowledge.
