FedEx sells supply chain unit to CMA CGM for $1.4 billion
FedEx has agreed to sell its FedEx Supply Chain contract logistics unit to French shipping giant CMA CGM for $1.4 billion, with the deal expected to close in 2026. The acquisition will nearly triple CMA CGM’s North American contract logistics footprint under Ceva Logistics, adding about 150 warehouses and 10,000 employees. The companies also signed multi-year commercial agreements making CMA CGM a preferred ocean carrier for FedEx and collaborating on air cargo. The sale allows FedEx to focus on core parcel delivery and premium verticals like healthcare.
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FedEx Sells Supply Chain Unit to CMA CGM, Focuses on Core Network and Premium Verticals
FedEx (FDX) is selling its FedEx Supply Chain business to French shipping conglomerate CMA CGM Group for $1.4 billion in enterprise value, accelerating its strategy to shed non-core assets. The sale, expected to close in 2026, follows the June 1 spinoff of FedEx Freight. CMA CGM's logistics arm, CEVA Logistics, will nearly triple its North American contract logistics presence, gaining nearly 10,000 employees and about 150 warehouses. FedEx CEO Raj Subramaniam stated the company will focus on premium verticals like healthcare, automotive, aerospace, and data centers. The deal also includes multi-year commercial agreements for ocean and air freight, with CMA CGM becoming a preferred ocean carrier for FedEx. The move is part of FedEx's broader restructuring to sharpen focus on its core express package network and improve returns.
Yahoo FinanceFedEx Sells Supply Chain Unit to CMA CGM, Sharpens Focus on Core Network
FedEx (FDX) is selling its FedEx Supply Chain business to French shipping conglomerate CMA CGM Group for an enterprise value of $1.4 billion, expected to close in 2026 pending regulatory approval. The transaction includes nearly 10,000 employees and will almost triple the size of CEVA Logistics' North American contract logistics operations, adding about 150 warehouses and 20,000 employees across 240 locations. The sale aligns with CEO Raj Subramaniam's strategy to focus on premium segments like healthcare, automotive, aerospace, and data centers. It follows the June 1 spinoff of FedEx Freight (FDXF) into an independent company. FedEx and CMA CGM will also enter multi-year commercial agreements making CMA CGM a preferred ocean carrier for FedEx and collaborating on air cargo capacity, allowing FedEx access to global freight capacity without owning all assets. The move is seen as a way to sharpen FedEx's focus on its core express package network.
Yahoo FinanceFedEx Sells Contract Logistics Unit to CMA CGM for $1.4 Billion
FedEx is selling its third-party logistics (3PL) segment, FedEx Supply Chain, to French ocean carrier CMA CGM for $1.4 billion. The deal allows FedEx to focus on its core air and ground delivery operations, following the recent spinoff of its FedEx Freight trucking unit. For CMA CGM, the acquisition nearly triples its North American contract logistics footprint under Ceva Logistics, adding approximately 150 warehouses and 20,000 employees across 240 locations. Nearly 10,000 FedEx employees will transfer to CMA CGM. The transaction is expected to close in 2026, subject to regulatory approvals. Post-deal, CMA CGM will become a preferred ocean carrier for FedEx under a non-exclusive agreement, and the companies will collaborate on air cargo capacity solutions. The $1.4 billion enterprise value matches what FedEx paid for the unit (then Genco) in 2015.
Yahoo FinanceFedEx sells supply chain unit to CMA CGM for $1.4 billion
FedEx has agreed to sell its third-party logistics subsidiary, FedEx Supply Chain, to French shipping giant CMA CGM Group for an enterprise value of $1.4 billion. The deal, expected to close later in 2026 pending regulatory approvals, will see CMA CGM integrate the unit into its CEVA Logistics subsidiary, nearly tripling its North American footprint to over 240 locations and approximately 20,000 employees. Alongside the acquisition, FedEx and CMA CGM plan multiyear commercial agreements designating CMA CGM as a preferred ocean carrier and jointly pursuing air cargo opportunities, with full implementation by 2028. The sale is part of FedEx's broader strategy to streamline its portfolio and focus on core parcel delivery operations, following the June 1 separation of its trucking division, FedEx Freight, as a standalone public company. CMA CGM, one of the world's top three container carriers, continues diversifying beyond ocean shipping into logistics, port infrastructure, and air freight.
Yahoo FinanceFedEx sells supply chain unit to CMA CGM for $1.4B
French container shipping and logistics giant CMA CGM Group has agreed to acquire FedEx Supply Chain, the contract logistics arm of FedEx Corp., for $1.4 billion. The deal is expected to close later this year and would nearly triple the size of Ceva Logistics' (a CMA CGM subsidiary) North American contract logistics operations. The combined entity will operate about 150 warehouses and employ 20,000 people across 240 locations. The companies also announced multi-year commercial agreements: CMA CGM will become a preferred ocean carrier for FedEx, and they will collaborate on air cargo capacity solutions to enhance global networks and aircraft utilization. FedEx CEO Raj Subramaniam stated the sale allows the company to focus on freight transportation, parcel delivery, and high-value verticals like healthcare and automotive, following the recent spin-off of FedEx Freight. Rodolphe Saadé, chairman and CEO of CMA CGM, called the acquisition a major step in developing Ceva Logistics and their North American logistics activities.
Yahoo FinanceFedEx sells supply chain unit to CMA CGM for $1.4B
CMA CGM Group has agreed to acquire FedEx Supply Chain, the contract logistics arm of FedEx Corp., for $1.4 billion in enterprise value. The acquisition, expected to close later this year, would nearly triple the size of CEVA Logistics' North American contract logistics operations, adding about 150 warehouses and 10,000 employees. The companies will also enter into multi-year commercial agreements for air and ocean freight, with CMA CGM becoming a preferred ocean carrier for FedEx. FedEx Supply Chain represents less than 2% of FedEx's annual revenue, and the sale follows FedEx's recent spin-off of its less-than-truckload business. FedEx CEO Raj Subramaniam stated the move allows FedEx to focus on high-value verticals and its core freight and parcel delivery services. CMA CGM Chairman Rodolphe Saadé emphasized the deal strengthens CEVA's logistics capabilities in North America and supports U.S. supply chain resilience.
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