CMA CGM to Buy FedEx Supply Chain in $1.4 Billion Deal

CMA CGM Group has reached an agreement to acquire FedEx Supply Chain from FedEx in a transaction worth $1.4 billion, a move that will significantly strengthen its North American contract logistics business while creating new long-term partnerships in ocean shipping and air cargo between the two companies.

The acquisition, which remains subject to regulatory approval and is expected to be finalized in 2026, will almost triple the size of CEVA Logistics’ contract logistics operations in North America. CEVA Logistics is the logistics arm of CMA CGM.

Following the completion of the deal, CEVA will operate around 150 warehouses across North America acquired through the transaction, expanding its overall regional network to more than 240 locations and a workforce of approximately 20,000 employees. Nearly 10,000 FedEx Supply Chain employees will become part of CEVA under the agreement.

The acquisition represents another major investment by the French shipping and logistics company in the United States, where it has steadily grown its presence beyond container shipping through investments and acquisitions spanning ports, warehousing, air cargo, and integrated logistics services.

Alongside the acquisition, CMA CGM and FedEx also intend to establish separate long-term commercial agreements covering both ocean freight and air cargo services.

Under the proposed arrangements, CMA CGM will become a preferred, although non-exclusive, ocean shipping provider for FedEx, handling cargo across its global liner network. The companies also plan to cooperate on selected air cargo capacity solutions to improve aircraft utilization and offer greater flexibility for long-haul freight transportation.

The acquisition and partnership with FedEx represent a major step in the development of CEVA Logistics and our logistics activities in North America,” said Rodolphe Saadé. “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.”

For FedEx, selling its Supply Chain business will allow the company to concentrate on higher-value logistics sectors while continuing its commercial relationship with CMA CGM.

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. “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.”

The planned ocean freight and air cargo partnerships are expected to be introduced gradually, with implementation taking place in stages through 2028.