CMA CGM to acquire FedEx Supply Chain in $1.4B deal

CMA CGM Group has agreed to acquire FedEx Supply Chain, a subsidiary of FedEx Corp., in a US$1.4-billion deal that would significantly expand its North American logistics operations, the companies said.

The transaction, expected to close in 2026 pending regulatory approvals, would see FedEx Supply Chain integrated into CEVA Logistics, a CMA CGM subsidiary. The acquisition would nearly triple CEVA’s North American contract logistics operations.

The companies said the deal reflects CMA CGM’s long-term strategy to expand its end-to-end supply chain capabilities and deepen its presence in the United States.

“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,” said Rodolphe Saadé, chairman and chief executive officer of CMA CGM Group.

Once completed, CEVA Logistics would integrate roughly 10,000 FedEx Supply Chain employees, expanding its North American workforce to about 20,000 people across more than 240 locations and approximately 150 warehouses.

FedEx said the transaction would allow it to focus more closely on higher-value sectors.

“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,” said Raj Subramaniam, president and chief executive officer of FedEx. “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.”

Following the deal, CMA CGM and FedEx also plan to enter into multi-year commercial agreements covering air and ocean freight. CMA CGM would become a preferred ocean carrier for FedEx under a non-exclusive arrangement, while the companies plan to collaborate on select air cargo capacity solutions.

The transaction remains subject to customary regulatory approvals. CMA CGM and FedEx said air cargo and ocean freight agreements are expected to roll out in phases between now and 2028.