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Mi Way operates low floor, wheelchair accessible buses.The last high-floor bus was retired December 1, 2011.Public transit in Mississauga was first operated by Charterways Limited as Mississauga Transit Systems with four buses in 1969 and was acquired by the city's newly formed Mississauga Transit in 1974, incorporating the former towns of Mississauga, Port Credit and Streetsville. It later acquired routes formerly operated by others, such as; Mississauga Transit was renamed Mi Way on October 4, 2010.New Mi Way-branded hybrid buses entered service, with orange Mi Local buses on local routes and blue Mi Express buses on express routes.

Older buses using the old logo would continue to be used until they are decommissioned. The reason for the company's new name is twofold: "Mi" could be interpreted as standing for Mississauga, and it is also a homophone of "My", suggesting possession.

Transfer privileges apply to and from Mi Way routes.

Only one route, 52B/52D Lawrence West, is operated by the TTC on behalf of the City of Mississauga.

Mi Way is a member of the Canadian Urban Transit Association.

In 2013, Mi Way's annual ridership was 35.8 million passengers, with more than 50.9 million boardings.

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