Executive Briefings

XPO Logistics Wraps Up Acquisition of New Breed

XPO Logistics Inc. has completed the acquisition of New Breed Holding Co., a provider of contract logistics services, at a cash purchase price of $615m.

The deal expands XPO’s operations to 203 locations and approximately 10,400 employees. Louis DeJoy, former chief executive of New Breed, will serve in that role with XPO’s new contract logistics business. New Breed concentrates on clients with high-growth outsourcing opportunities, including telecommunications, retail and electronic commerce, aerospace and defense, medical equipment and select areas of manufacturing. The company said it plans to grow its service platform both organically and through the addition of complementary acquisitions. XPO’s menu of services includes last-mile logistics for heavy goods, expedited shipment, managed transportation, global freight forwarding and less=than-truckload brokerage. It handles more than 31,000 deliveries a day throughout the U.S., Mexico and Canada.

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The deal expands XPO’s operations to 203 locations and approximately 10,400 employees. Louis DeJoy, former chief executive of New Breed, will serve in that role with XPO’s new contract logistics business. New Breed concentrates on clients with high-growth outsourcing opportunities, including telecommunications, retail and electronic commerce, aerospace and defense, medical equipment and select areas of manufacturing. The company said it plans to grow its service platform both organically and through the addition of complementary acquisitions. XPO’s menu of services includes last-mile logistics for heavy goods, expedited shipment, managed transportation, global freight forwarding and less=than-truckload brokerage. It handles more than 31,000 deliveries a day throughout the U.S., Mexico and Canada.

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