FedEx sells supply chain unit to CMA CGM for $1.4B
Key takeaways
- Fed Ex sells supply chain unit to CMA CGM for $1.4B A Fed Ex Supply Chain warehouse in Charlotte, North Carolina, as seen on July 7, 2022.
- With roots in ocean shipping, privately held CMA CGM has spent the past decade building a one-stop-shop for logistics services, including its own all-cargo airline.
- The combined entity would operate about 150 warehouses, expanding CEVA's overall presence in North America to a combined workforce of 20,000 people located at more than 240 locations, according to the announcement.
Fed Ex sells supply chain unit to CMA CGM for $1.4B A Fed Ex Supply Chain warehouse in Charlotte, North Carolina, as seen on July 7, 2022. (Photo: Shutterstock/Kirkam) Eric Kulisch Wed, July 1, 2026 at 9:12 PM GMT+7 3 min read FDX France-based container shipping and logistic giant CMA CGM Group has agreed to acquire Fed Ex Supply Chain, the contract logistics arm of Fed Ex Corp., for $1.4 billion in enterprise value, the companies announced on Wednesday. The acquisition, expected to close later this year, would nearly triple the size of the North American contract logistics operations of Ceva Logistics, a subsidiary of CMA CGM.
With roots in ocean shipping, privately held CMA CGM has spent the past decade building a one-stop-shop for logistics services, including its own all-cargo airline.
The combined entity would operate about 150 warehouses, expanding CEVA's overall presence in North America to a combined workforce of 20,000 people located at more than 240 locations, according to the announcement. Ceva is the fifth largest global third-party logistics provider by gross revenue and seventh largest warehouse operator by square footage, according to Armstrong & Associates.CMA CGM and FedEx (NYSE: FDX) said they will enter into multi-year commercial agreements related to air and ocean freight, once the transaction is finalized. CMA CGM will become a preferred ocean carrier for FedEx, offering ocean transport and carrier services under a non-exclusive agreement. The companies will also work together on select air cargo capacity solutions to enhance their respective global networks, increase aircraft utilization and provide more flexible shipping options.