CMA CGM to acquire FedEx Supply Chain for $1.4 billion

French shipping and logistics conglomerate CMA CGM has agreed to acquire FedEx Supply Chain from FedEx for $1.4 billion, a major deal that will significantly expand its North American footprint and establish new long-term cargo partnerships between the two companies. The transaction, announced on July 1, 2026, is pending regulatory approvals and is expected to close later this year.

The acquisition will transfer FedEx’s third-party logistics (3PL) business, including its network of more than 130 distribution centers covering over 40 million square feet of warehouse space, to CMA CGM’s logistics subsidiary, CEVA Logistics. The move will nearly triple the size of CEVA’s North American contract logistics operations, creating a combined business with approximately 150 warehouses under the CEVA brand and a total regional footprint of more than 240 locations. Nearly 10,000 employees from FedEx Supply Chain will join CEVA as part of the deal, bringing the subsidiary’s total North American workforce to roughly 20,000.

In a parallel development, the companies announced they expect to enter into separate multi-year commercial agreements covering ocean shipping and air cargo. CMA CGM will...