Fourier-transform profilometry (FTP) and phase-shifting profilometry (PSP) are two mainstream fringe projection techniques widely used for three-dimensional (3D) shape measurement. The former is well known for its single-shot nature and the latter for its higher measurement resolution and precision. However, when it comes to measuring the dynamic objects, neither approach is able to produce high-resolution, high-accuracy measurement results that are free from any depth ambiguities and motion-related artifacts. Furthermore, for scenes consisting of both static and dynamic objects, a trade-off between measurement precision and efficiency has to be made, suggesting that using a single approach can yield only suboptimal results. To this end, we propose a novel hybrid Fourier-transform phase-shifting profilometry method to integrate the advantages of both approaches. The motion vulnerability of multi-shot PSP can be overcome, or at least significantly alleviated, through the combination of single-shot FTP, while the high accuracy of PSP can also be preserved when the object is motionless. We design a phase-based, pixel-wise motion detection strategy that can accurately outline the moving object regions from their motionless counterparts. The final measurement result is obtained by fusing the determined regions where the PSP or FTP is applied correspondingly. To validate the proposed hybrid approach, we develop a real-time 3D shape measurement system for measuring multiple isolated moving objects. Experimental results demonstrate that our method achieves significantly higher precision and better robustness compared with conventional approaches where PSP or FTP is applied separately.