CMA CGM Acquires FedEx Supply Chain for $1.4 Billion

• •CMA CGM acquires FedEx Supply Chain for $1.4 billion, expanding CEVA's logistics footprint.
• •The deal includes 150 warehouses and 20,000 employees, tripling CEVA's North American operations.
• •Both companies will establish multi-year agreements for air and ocean freight services post-acquisition.

CMA CGM Group has agreed to acquire FedEx Supply Chain for $1.4 billion, significantly expanding CEVA Logistics' North American operations. The acquisition will integrate approximately 10,000 employees and 150 warehouses into CEVA Logistics, tripling its logistics footprint in the region. This strategic move aims to enhance CMA CGM's logistics capabilities and streamline FedEx's portfolio, allowing it to focus on high-value sectors. The deal is expected to close later in 2026, pending regulatory approvals. Both companies will enter multi-year agreements for air and ocean freight services post-acquisition. CMA CGM's CEO emphasized the importance of this acquisition for future growth and investment in the U.S. supply chain. FedEx's CEO noted that the sale will enable the company to sharpen its focus on core business areas.