Business
CMA CGM to Acquire FedEx Supply Chain for $1.4 Billion
July 13, 2026 at 07:21 PM
Coverage
French shipping group CMA CGM has announced its intent to buy FedEx's logistics arm, aiming to triple its CEVA Logistics unit and expand in North America.
- CMA CGM announced its intention to acquire FedEx Supply Chain for $1.4 billion.
- The deal would triple the size of CMA CGM's logistics subsidiary, CEVA Logistics, and boost its North American contract logistics operations.
- CMA CGM committed in 2025 to invest $20 billion in U.S. warehouses, air freight, and logistics over four years.
- Rodolphe Saadé, CEO of CMA CGM, said the agreement strengthens the company's long-term commitment to investing in the United States.