Thursday, 2 July 2026
The CMA CGM Group has agreed to acquire FedEx Supply Chain from FedEx Corp. in a transaction with an enterprise value of approximately US$1.4 billion, significantly strengthening the North American contract logistics operations of its subsidiary, CEVA Logistics.
The transaction, announced on 1 July, is expected to close later in 2026, subject to customary regulatory approvals.
Once completed, the acquisition will almost triple CEVA Logistics’ contract logistics activities in North America. The combined organisation will employ around 20,000 people across more than 240 locations, including approximately 150 warehouses, substantially increasing CEVA’s presence in one of the world’s largest logistics markets.
The acquisition represents another step in CMA CGM’s long-term strategy of transforming itself from a global container shipping company into an integrated logistics provider offering end-to-end supply chain solutions. Since acquiring CEVA Logistics in 2019, the French group has steadily expanded its capabilities across contract logistics, freight forwarding, air cargo and port operations through organic growth and targeted acquisitions.
Alongside the acquisition, CMA CGM and FedEx intend to establish long-term commercial agreements covering both ocean and air freight. Under the planned arrangements, CMA CGM will become a preferred ocean carrier for FedEx, providing maritime transport services under a non-exclusive agreement. The companies also plan to cooperate on selected air cargo capacity, helping optimise aircraft utilisation and improve flexibility across international freight networks through 2028.
For FedEx, the transaction supports its strategy of simplifying its business portfolio and concentrating resources on core transportation services and specialised logistics sectors, including healthcare, automotive, aerospace and data centre supply chains. The company has increasingly focused on higher-value logistics services while streamlining non-core operations.
The acquisition also reinforces CMA CGM’s growing commitment to the North American market. In recent years, the group has significantly expanded its investments across the United States, including logistics facilities, air cargo operations, port infrastructure and shipping services, reflecting its broader ambition to build an integrated global supply chain platform.
The deal highlights the continuing consolidation of the global logistics industry, where major operators are investing across multiple transport modes to provide customers with increasingly integrated supply chain solutions. Growing demand for resilient logistics networks, combined with the expansion of e-commerce, manufacturing reshoring and more complex distribution requirements, continues to drive investment in warehousing, contract logistics and multimodal transport services.
As supply chains become more interconnected, industry analysts expect integrated logistics providers with capabilities spanning ocean shipping, air freight, warehousing and inland transport to remain well positioned to benefit from long-term structural growth in global trade and distribution. The CMA CGM–FedEx Supply Chain transaction reflects this broader shift, strengthening CEVA Logistics’ position in North America while allowing FedEx to sharpen its focus on its core transportation and express delivery businesses.
