MEMPHIS, Tenn. (WMC) – The CMA CGM Group, a global shipping/logistics company announced its purchase of FedEx Supply Chain for $1.4 billion.
The deal is expected to close in 2026 , nearly triple CEVA Logistics’ North American contract logistics business and make it a bigger player in the North America.
The combined business would have about 150 warehouses and roughly 20,000 workers across more than 240 locations in North America and would include FedEx Supply Chain’s approximately 10,000 employees and related assets
“The acquisition and partnership with FedEx represent a major step in the development of CEVA Logistics and our logistics activities in North America. We are strengthening our ability to provide customers with integrated supply chain solutions. These deals also reinforce our long-term commitment to investing in the United States and supporting the resilience and efficiency of its supply chain.”
FedEx says the sale will help it focus on higher-value industries such as healthcare, automotive, aerospace, and data centers, and will “streamline” its business.
“Today’s announcement enables FedEx to further increase our focus on providing our unique expertise for high-value verticals, including healthcare, automotive, aerospace and data centers. By streamlining our portfolio, FedEx is better positioned to execute our long-term vision and continue to serve as the heartbeat of the industrial economy, delivering unmatched connectivity, reliability, and value to our customers globally. We look forward to leveraging our complementary relationship with global logistics solutions provider CMA CGM to support the next chapter for FedEx Supply Chain and its team members.”
CMA CGM and FedEx also plan multi-year ocean and air deals. CMA CGM will be a preferred ocean carrier for FedEx, and the two companies will slowly add shared air cargo capacity through 2028.
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