This is a plugin module for the context module. It takes the request URI part of the URL of the current page (for example /our-company/our-team/steve) and uses this path to build the breadcrumbs.
It takes each directory and tries to find the page title and otherwise it turns the path name into a directory name.
is turned into:
Our-company > Our-team > Steve
An additional functionality is added that an attempt is made to load the real page title. So the breadcrumbs are:
Our Company > Our Team > Steve Miller
In the latest dev version also the page menu trail is set. This code is based on the http://drupal.org/project/menu_trail_by_path module.