cma-cgm-fedex

CMA CGM to buy FedEx Supply Chain

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 ... [+]