In a major consolidation within the global logistics sector, CMA CGM Group has signed a definitive agreement to acquire FedEx Supply Chain, a subsidiary of FedEx Corp., at an enterprise value of $1.4 billion. The transaction, which is expected to close later in 2026 subject to customary regulatory approvals, will significantly expand the North American contract logistics footprint of CMA CGM’s third-party logistics subsidiary, CEVA Logistics.
The acquisition nearly triples CEVA’s existing contract logistics operations across North America, expanding its regional workforce to 20,000 employees operating across more than 240 total locations. By adding FedEx Supply Chain’s specialized network and nearly 10,000 team members, the combined entity will manage approximately 150 contract logistics warehouses, positioning CEVA as a top-tier logistics operator in the region.
Strategic Ocean and Air Freight Commercial Partnership
Alongside the acquisition, CMA CGM and FedEx intend to establish multi-year commercial agreements covering international air and ocean freight corridors. Under the proposed non-exclusive framework, CMA CGM will serve as a preferred ocean carrier for FedEx, providing containerized shipping capacity across global trade lanes.
In parallel, both groups will collaborate on targeted air cargo capacity solutions. By pooling selective main-deck and belly-hold resources, the carriers aim to optimize aircraft utilization, improve long-haul flight schedules, and offer clients greater capacity flexibility across key transpacific and transatlantic routes.
Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, noted that the acquisition and strategic partnership mark a major step forward for CEVA Logistics in North America. He highlighted that the deal strengthens CMA CGM’s ability to deliver end-to-end supply chain solutions while reinforcing its long-term investment commitment to supporting resilient supply chain infrastructure in the United States.
Portfolio Streamlining for High-Value Industrial Verticals
For FedEx, divesting its contract logistics arm allows the express transportation giant to sharpen its strategic focus on specialized, high-margin freight sectors.
Raj Subramaniam, President and CEO of FedEx, explained that the transaction enables FedEx to concentrate its expertise on high-value industry verticals, including healthcare, automotive, aerospace, and data center infrastructure. He added that streamlining the corporate portfolio better positions FedEx to execute its long-term commercial vision, while expressing confidence that the ongoing partnership with CMA CGM will support a seamless transition for FedEx Supply Chain’s employees and customers.
Financial advisors for the transaction include Morgan Stanley and Messier & Associés for CMA CGM, with Cleary Gottlieb serving as legal counsel. J.P. Morgan is acting as financial advisor to FedEx, with Baker McKenzie serving as legal counsel. The commercial agreements in air and ocean freight are expected to roll out in phases between now and 2028.
Source: https://logistics-manager.com/cma-cgm-to-acquire-fedex-supply-chain-for-1-4-billion-to-boost-north-american-logistics-footprint/
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