The acquisition represents the newest strategic addition in a series of growth initiatives by MGN to expand its freight management business and accelerate adoption of its proprietary technology platform, MyMGN Marketplace, an award-winning Transportation Management System (TMS).
Fast Service brings a rare combination of real-world expedited capacity and disciplined execution, including:
- 80+ dedicated drivers supporting time-critical shipments nationwide
- A specialized expedited cargo van network built for speed, reliability, and service
- Access to a private, vetted network of full truckload providers, enabling faster coverage, reduced fraud exposure, and consistent execution beyond public load boards
“This acquisition is about control, speed, and scale,” said Matthew Telesca, Founder and CEO of MGN Logistics. “We’re pairing real assets with AI-driven decisioning to build a freight platform that performs when the market is stressed and wins when it’s growing.”
The acquisition further accelerates MGN’s technology roadmap, including advanced AI initiatives under AI Logistics, LLC, based in San Juan, Puerto Rico, focused on automated LTL and TL pricing, intelligent coverage, and real-time execution control across the MyMGN Marketplace.
A Platform Built for the Next Generation of Freight
MyMGN Marketplace is a fully transparent, multi-source freight pricing and execution platform that allows shippers to see, compare, and select real pricing from multiple capacity sources in real time—without hidden fees, percentage markups, or opaque brokerage spreads. It is designed to replace the traditional broker model with truth in pricing, accountability in execution, and trust by design.
MyMGN displays live, side-by-side pricing from customers’ own negotiated carrier rates, MGN’s private carrier networks, the country’s largest 3PLs, real-time spot market and dynamic carrier pricing, enhanced with historical lane intelligence. What shippers see is the true executable price—no hidden fees, no bundled margins, and no post-delivery surprises—enabling faster, more confident decisions as supply chain conditions change.
The acquisition of Fast Service accelerates this mission by embedding asset-based expedited capacity directly into the MyMGN Marketplace, strengthening execution when it matters most, especially in mission-critical shipping environments where delays, capacity gaps, and unreliable coverage are unacceptable.
“AI without assets is theory. Assets without AI are inefficient,” added Telesca. “We’re building the rare combination of AI-driven decisioning and asset-backed execution. That’s the type of platform customers rely on—and competitors struggle to replicate.”
About MGN Logistics
MGN Logistics, Inc. is a premier supply chain and Transportation Management System (TMS) provider and a leading provider of technology solutions in freight and transportation management. MGN’s cloud-based TMS supports multiple modes of transportation and provides customers with a powerful, easy-to-use platform for supply chain visibility, cost control, and execution. Driven by proprietary technology and deep industry expertise, MGN continues to expand its freight management business through strategic growth initiatives and acquisitions.
Press Release Distributed by PRLog
Source: The NewsRoom
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