Air, Business, Freight News, Logistics


CMA CGM to buy FedEx Supply Chain

[ July 2, 2026   //   ]

CMA CGM Group has signed an agreement to acquire FedEx’s Supply Chain arm for $1.4 billion. The acquisition, expected to close in 2026, would nearly triple the size of the North American contract logistics operations of its CEVA Logistics subsidiary.

The combined entity would operate about 150 warehouses, with a combined workforce of 20,000 people at more than 240 locations.

As part of the deal, CMA CGM will become a preferred ocean carrier for FedEx, offering ocean transport and carrier services under a non-exclusive agreement. The companies will also work together on select air cargo capacity solutions to enhance their global networks and boost aircraft utilization and long-haul capacity.  Own  CGM has over the past few years invested in its own chartered long haul freighter capacity on selected routes.

CMA CGM chairman and chief executive, Rodolphe Saadé, said: “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.”

FedEx president and chief executive, Raj Subramaniam, added: “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. “

The acquisition is expected to close in 2026, subject to customary regulatory approvals. The air cargo and ocean freight agreements are expected to commence in different phases between now and 2028.

FedEx earlier completed the spin-off of its FedEx Freight arm on 1 June.

The CMA CGM Group has appointed FedEx Logistics president Patrick Moebel as chief executive of its CEVA Logistics arm. It has also appointed Ceva Logistics chief executive, Mathieu Friedberg as executive vice president, transformation, CMA CGM Group.

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