MEMPHIS, Tenn. (AP) -- State officials say that New Breed Logistics is expanding its Memphis operations with a $23 million investment and the creation of 468 warehouse and distribution jobs.
Tennessee Gov. Bill Haslam and the Department of Economic and Community Development said Wednesday that the expansion will occur at the company's current Memphis facility and at another location where space will be leased.
New Breed Logistics helps companies design and operate efficient supply chains. The High Point, N.C.-based company manages millions of square feet of warehouse space across more than 75 distribution centers and employs more than 7,500 people worldwide.
Shelby County Mayor Mark Luttrell says the expansion will help boost the local economy. Haslam says expanding businesses in Tennessee is a priority as the state tries to create more jobs.