New Breed Logistics company Profile


New Breed Logistics, a national contract logistics handler based in High Point with about 6, 800 employees including 596 in the Triad, has been bought by XPO Logistics for $615 million.

XPO Logistics is based in Greenwich, Conn., and says it is the largest U.S. provider of last-mile logistics for heavy goods and the largest manager of expedited shipments, as well as the fourth-largest freight brokerage firm and the third-largest provider of intermodal services. In total, it makes about 31, 000 deliveries per day in North America, and ahead of its acquisition of New Breed has about 3, 100 employees.

The deal calls for New Breed CEO Louis DeJoy to use $30 million of his proceeds from the sale of the company to buy restricted stock in XPO. DeJoy, who has been chairman and chief executive at New Breed since 1983, will then become chief executive of XPO’s contract logistics services, leading that operation from New Breed’s current High Point campus.

Jacobs said the services provided by the two companies are complementary, and present a number of cross-selling opportunities. Both firms also have a strong commitment to technology, with about half of New Breed’s High Point workforce consisting of IT professionals.

“New Breed is a jewel in the crown of contract logistics: a world-class provider entrusted with critical services by some of the most prestigious corporate names in America, ” Jacobs said. “We'll gain leadership in one of the most financially attractive sectors of contract logistics, and we'll use our new platform to engage customers in our broader offering.”

XPO is growing on other fronts as well. At the same time it announced its purchase of New Breed, it said it has completed a previously announced acquisition of Atlantic Central Logistics for $36.5 million. That deal expands XPO’s presence in the last-mile and e-commerce sectors, the company said.

You might also like

SAP helps Transportation and Logistics companies run like
SAP helps Transportation and Logistics companies run like ...
Why Should Logistics Companies Adopt Cloud Solutions
Why Should Logistics Companies Adopt Cloud Solutions

Australia shares on track to end six-day losing streak, JB slumps  — Reuters
Entertainment software company Vista Group was the latest debutant on the market from the flurry of share offers of the past two months. It traded at NZ$2.50, a 6 percent premium to its issue price of NZ$2.35.

Clearway Logistics Phase 1a Dead Wrong: How Psychiatric Drugs Can Kill Your Child (DVD & Booklet)
DVD (Clearway Logistics Phase 1a)
  • DVD
  • Effects of Psychiatric Drugs
  • Children dying needlessly
Telespial Systems Inc Trackstick Pro GPS Tracking Device; Download Powerful "Trackstick Manager" Software for Windows, USB Cable and 12V Cigarette Lighter Power Cord
CE (Telespial Systems Inc)
  • Monitor Employees -- Validate Delivery Times - Track Mileage
  • Record Trips -- Driving Habits -- Business Expenses
  • Schedule Maintenance -- Map Job Sites -- Check Rental Usage
  • Defense and Intel -- Strategic Planning
  • Search and Rescue -- Vehicle Logistics