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GST buys Vexure

Published Tuesday, October 14, 2003

Memphis, TN-based logistics company GST Corp., a subsidiary of NYK Logistics, has acquired third-party trucking and intermodal logistics provider Vexure. Terms of the acquisition were not disclosed. Vexure spokesman Russ Dixon told Fleet Owner that the main reason for the deal was for Vexure to gain access to more working capital to fund technology upgrades and to widen its offerings to include domestic LTL and international shipping services. “Technology is such a huge piece of the third party logistics business that we needed to find a way get the investment capital we needed to keep growing,” he said. “Our ...

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