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.

Read more here.