Cep-Research CMA CGM Acquires FedEx Supply Chain for $1.4 Billion
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- •CMA CGM acquired FedEx Supply Chain for $1.4 billion.
- •The acquisition expands CEVA Logistics' footprint by 34 million square feet.
- •CMA CGM becomes a preferred ocean carrier for FedEx under new agreements.
CMA CGM Group has completed its acquisition of FedEx Supply Chain for $1.4 billion, significantly expanding its logistics operations in North America. This acquisition nearly triples the logistics footprint of CEVA Logistics, CMA CGM's subsidiary, adding approximately 34 million square feet of warehouse space and increasing its workforce to around 20,000. The deal includes multi-year commercial agreements for air and ocean freight, enhancing collaboration between the two companies. The integration aims to improve automation and operational capabilities across the North American network, particularly in sectors like healthcare and technology. CMA CGM will also become a preferred ocean carrier for FedEx, facilitating better global logistics solutions. This acquisition aligns with CMA CGM's long-term strategy to enhance its logistics offerings and commitment to the U.S. market.
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