MGN Logistics has acquired Fast Service LLC, marking its ninth self-funded acquisition, to expand its full truckload network by integrating Fast Service's capacity with MGN's technology. This deal adds over 80 dedicated owner-operators and enhances the MyMGN Marketplace, focusing on visibility and execution excellence, while offering improved logistics solutions through a cloud-based Transportation Management System.
MGN Logistics Expands Full Truckload Network with New Acquisition
MGN Logistics has announced its acquisition of Fast Service LLC, marking its ninth self-funded acquisition. This strategic move is set to expand MGN's full truckload network by integrating Fast Service's capacity with MGN's existing technology.
Integration of Fast Service's Expertise
Fast Service is known for its specialization in time-critical shipments, providing a specialized expedited cargo van network. With the acquisition, MGN Logistics gains access to over 80 dedicated owner-operators, enhancing its ability to manage nationwide shipments. This integration aims to bolster MGN's logistics solutions by merging Fast Service's expertise in expedited transportation with MGN's technology-driven approach.
Enhanced Capabilities with MyMGN Marketplace
The acquisition significantly enhances the MyMGN Marketplace, a platform pivotal to MGN's operations. By incorporating Fast Service's asset-based expedited capacity, MGN is poised to offer improved logistics solutions. The MyMGN Marketplace technology is central to MGN's strategy, offering access to a private network of vetted full truckload providers, thus ensuring efficient and reliable service execution.
Focus on Technology and Execution
MGN Logistics utilizes a cloud-based Transportation Management System (TMS) that combines AI-driven decision-making with asset-backed execution. This system is designed to improve supply chain visibility and cost control, supporting multiple modes of transportation. The integration of Fast Service's capacity is expected to further enhance MGN's focus on visibility and execution excellence, reinforcing its commitment to delivering superior logistics solutions.
Impact on Customers and Industry
By expanding its full truckload network and integrating advanced technology, MGN Logistics aims to provide enhanced logistics solutions for its customers. The acquisition of Fast Service aligns with MGN's strategy to support supply chain visibility and execution excellence. As the logistics industry continues to evolve, the combination of Fast Service's capacity with MGN's technological infrastructure is likely to set a new standard in the provision of time-critical and expedited shipping services.
"MGN Logistics' acquisition of Fast Service LLC represents a significant step in expanding our full truckload network and enhancing our logistics capabilities," said a representative from MGN Logistics.