New Breed Logistics

The story begins not with a flashy tech startup, but with a regional trucking company founded in 1968. For years, it operated on a small scale. The playbook completely changed in 1983 when Louis DeJoy took the helm as CEO. DeJoy saw an opportunity beyond simply moving goods; he envisioned a future in technology-driven, complex logistics services. Over the next three decades, he transformed New Breed Logistics from a company with just 10 employees into a national leader in supply chain solutions. New Breed carved out a niche by providing highly-engineered, non-asset-based contract logistics. This meant they weren't just about trucks and warehouses; they were about creating intelligent supply chains for major clients in high-growth sectors like aerospace, e-commerce, and technology. They managed everything from omni-channel distribution and reverse logistics to lean manufacturing support, handling complex operations for prestigious clients like Boeing and the U.S. Postal Service. This focus on sophisticated, customized services led to impressive growth and high revenue renewal rates. The company's success culminated in a significant event in 2014. XPO Logistics, a rapidly growing player in the transportation industry, acquired New Breed for approximately $615 million. The acquisition was described as a "transformational move" for XPO, giving it a strong foothold in the high-margin contract logistics sector. Louis DeJoy continued to lead the contract logistics business for XPO, a testament to the value and expertise he had built over 31 years.