CMA CGM Group is set to acquire FedEx Supply Chain for USD$1.4 billion, significantly expanding its North American contract logistics capacity and strengthening end-to-end supply chain capabilities through its subsidiary CEVA Logistics.
CMA CGM Group has announced an agreement to acquire FedEx Supply Chain at an enterprise value of USD$1.4 billion, in a transaction expected to close in 2026 subject to regulatory approvals.
The acquisition will significantly expand the North American contract logistics footprint of CEVA Logistics, a subsidiary of CMA CGM Group, and is expected to nearly triple its existing contract logistics operations in the region.
Following completion, the combined operations will position CEVA Logistics as a major contract logistics provider in North America, operating approximately 150 warehouses across the region.
The integration of FedEx Supply Chain is expected to add nearly 10,000 employees to CEVA Logistics’ network, increasing its North American workforce to around 20,000 people across more than 240 locations.
The transaction is part of CMA CGM Group’s long-term strategy to expand end-to-end logistics capabilities and strengthen its position in integrated supply chain solutions.
The acquisition reinforces the group’s focus on connecting ocean, air, and land logistics with contract logistics and warehousing capabilities to support more integrated supply chain solutions.
Rodolphe Saadé, Chairman and Chief Executive Officer of CMA CGM Group, 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.”
Alongside the acquisition, CMA CGM Group and FedEx Supply Chain are expected to enter into multi-year commercial agreements spanning ocean and air freight services.
Under the planned arrangement, CMA CGM Group will become a preferred ocean carrier for FedEx under a non-exclusive agreement, supporting increased flexibility in ocean transport capacity.
The companies will also collaborate on selected air cargo capacity solutions, aimed at improving aircraft utilisation and providing more flexible long-haul capacity across their respective global networks.
Raj Subramaniam, President and Chief Executive Officer of FedEx Corp, said: “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 centres. 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 companies indicated that commercial agreements covering air cargo and ocean freight are expected to be phased in between now and 2028.
