CMA CGM completes $1.4bn FedEx Supply Chain acquisition

CMA CGM Group announced the transaction on July 1, 2026, and completed the acquisition of FedEx Supply Chain from FedEx Corp. on October 1 at an enterprise value of $1.4 billion. The purchase expands the North American contract logistics operations of CMA CGM’s logistics subsidiary CEVA Logistics. It adds nearly 10,000 team members and approximately 34mn sq ft of warehouse space.

The combined business operates around 150 warehouses, taking CEVA’s presence in North America to more than 240 locations and a workforce of approximately 20,000. According to CMA CGM, the deal nearly triples CEVA’s North American logistics footprint and strengthens its capabilities across healthcare, technology, consumer and retail supply chains. The integration will also bring together FedEx Supply Chain’s digital and operational capabilities with CEVA’s network, accelerating the use of automation and robotics.

For FedEx, the sale is part of its ongoing portfolio simplification and strategic transformation, allowing it to focus resources on core strengths. Alongside the acquisition, CMA CGM and FedEx entered into multi-year commercial agreements covering air and ocean freight. Under a non-exclusive agreement, CMA CGM will become a preferred ocean carrier for FedEx; the companies also plan an air cargo capacity agreement on key routes, including Asia-Europe. CMA CGM’s chairman and CEO said the acquisition strengthens its ability to provide end-to-end supply chain solutions across ocean, air, land and logistics and reinforces its long-term investment in the US.