Trucking news and briefs for Tuesday, July 29, 2025:
Hyway Transportation parent acquiring Michigan carrier
OneCompass Holdings has entered into a definitive agreement to purchase all the assets of Koleaseco Inc., a respected asset-based transportation provider with over 30 years of operational excellence.Koleaseco Facebook
Hyway Transportation parent OneCompass Holdings is acquiring Koleaseco Inc., a 128-truck Michigan-based for-hire carrier. Koleaseco will operate as a part of Hyway Trucking, a division of Hyway Transportation.
The transaction is expected to close on or before August 22, 2025. Upon finalization of the deal, branding updates will roll out under the Hyway Trucking name.
"We're excited to welcome the employees and customers of Koleaseco to the OneCompass family and the Hyway Transportation platform. They possess a strong legacy of operational excellence, customer dedication, and a culture that aligns well with our values," said Matt Hartman, Chairman and CEO of OneCompass Holdings. "Their team and capabilities are a great addition to the Hyway network and will play a key role in speeding up our shared vision for national growth. We're especially pleased to integrate their people into our employee ownership model, where they can help shape the future and share in the success they contribute to."
The proposed acquisition also presents natural synergies, including overlap with several large customers and a shared approach to asset-based operations. These connections will create efficiencies, increase flexibility, and accelerate the combined company's ability to compete and grow on a national scale.
WEX fuel card adds bp as new partner
WEX has announced a new partnership with bp to provide fleet drivers access to fuel savings through the earnify fleet fuel card program in the U.S. Moving forward, earnify fleet cards can be used for fuel and vehicle-related purchases at merchants that accept WEX and Mastercard with on-going fuel rebates available at over 8,000 stations across the bp family of brands.
Designed for small businesses and large fleets, this partnership will expand the program’s fuel rebates to bp, Amoco, TravelCenters of America, TA Express and Petro stations across the country.
Drivers can use their earnify fleet card to pay for parts and service, tolls, car washes, parking, and roadside assistance. Business owners and fleet operators can set purchase controls on employee spending based on product type, dollar amount, time of day, and more.
