CMA CGM to acquire FedEx Supply Chain

FedEx has agreed to sell its FedEx Supply Chain subsidiary to CMA CGM Group in a transaction described as a $1.4 billion cash deal. The agreement was announced on July 1, 2026, and centers on FedEx’s third‑party logistics unit, which manages warehousing, distribution and fulfillment for a range of clients. The sale represents a significant shift in ownership for this business, moving it from a global parcel and express delivery company to a major container shipping group.

The transaction remains subject to customary regulatory approvals and is expected to close in 2026. Until completion, FedEx Supply Chain continues to operate within FedEx, but the announcement sets a clear path for its integration into CMA CGM’s logistics portfolio once approvals are obtained.

FedEx Supply Chain functions as FedEx’s dedicated third‑party logistics arm, overseeing core supply chain processes such as warehousing, distribution and order fulfillment. These services support business customers that require outsourced logistics management rather than in‑house operations.

By acquiring this business, CMA CGM gains an established North American logistics network that complements its container shipping activities. The unit’s existing customer relationships, physical infrastructure and operational capabilities are expected to become part of CMA CGM’s broader logistics offering, including its CEVA Logistics subsidiary.

CMA CGM indicated that the acquisition will nearly triple CEVA Logistics’ North American contract logistics operations. Integrating FedEx Supply Chain’s assets and nearly 10,000 team members is expected to create a combined network of about 150 warehouses.

Following completion, CEVA’s North American workforce is projected to expand to roughly 20,000 employees across more than 240 locations. This enlarged footprint positions CEVA as a larger contract logistics provider in the region, with a broader geographic presence and a more extensive facility base to serve customers.

Beyond the sale of FedEx Supply Chain, the companies plan to enter multi‑year commercial agreements covering both ocean and air freight once the transaction closes. CMA CGM is expected to become a preferred ocean carrier for FedEx under a non‑exclusive arrangement.

The parties also plan to collaborate on select air cargo capacity solutions. These commercial arrangements are scheduled to commence in phases, with different elements of the air and ocean agreements beginning at various times through 2028, establishing a long‑term transportation relationship alongside the ownership change.