FedEx is selling its FedEx Supply Chain business to French shipping and logistics conglomerate CMA CGM Group at an enterprise value of $1.4 billion, with the deal expected to close in 2026 pending regulatory approval. The unit provides warehousing, fulfillment, and contract logistics services and employs nearly 10,000 people. The acquisition will almost triple the size of CEVA Logistics' North American contract logistics business, CMA CGM's logistics arm, creating a combined operation of about 150 warehouses and around 20,000 employees across more than 240 locations. FedEx President and CEO Raj Subramaniam said the sale allows the company to focus on high-value verticals such as health care, automotive, aerospace, and data centers, aligning with a broader restructuring that included the June 1 spinoff of FedEx Freight. FedEx and CMA CGM also plan to enter multi-year commercial agreements covering ocean and air freight, with CMA CGM becoming a preferred ocean carrier for FedEx.
Advanced Micro Devices Inc
NVIDIA CorporationFedEx CorporationFedEx sells supply chain unit for $1.4B, streamlining focus and generating cash.
CEVA Logistics nearly triples its North American contract logistics business via acquisition.