CMA CGM Completes FedEx Supply Chain Acquisition for $1.4 Billion

CMA CGM Group announced the successful closing of its acquisition of FedEx Supply Chain, a subsidiary of FedEx Corp., at an enterprise value of $1.4 billion. The deal significantly expands CEVA Logistics' North American contract logistics operations and reinforces CMA CGM's more than 25-year commitment to investing in the United States. It also advances the group's strategy to provide comprehensive end-to-end logistics solutions spanning ocean shipping, terminals, inland transport, warehousing and value-added logistics.

With the integration of FedEx Supply Chain's assets and nearly 10,000 team members, CEVA Logistics becomes one of North America's leading contract logistics providers. The acquisition triples CEVA Logistics' North American logistics footprint, adding approximately 34 million square feet of warehouse space. The combined business operates approximately 150 warehouses, expanding CEVA's presence in North America to more than 240 locations with a workforce of approximately 20,000 people.

Beyond physical footprint, the acquisition combines complementary digital and operational capabilities, accelerating the deployment of automation and robotics across the North American network. It also deepens CEVA's sector expertise in healthcare, technology, consumer and retail, enhancing its ability to manage complex, end-to-end supply chains across the United States and Canada.

In parallel, CMA CGM Group and FedEx entered multi-year commercial agreements related to air and ocean freight. CMA CGM will become a preferred ocean carrier for FedEx under a non-exclusive agreement. The two companies also plan to collaborate on an air cargo capacity agreement on key strategic routes, including Asia-Europe, to strengthen their global networks, improve aircraft utilization and provide greater flexibility on long-haul routes.