- CMA CGM is nearing a deal to buy FedEx's third-party logistics business for $1.4 billion in cash, according to the Financial Times.
- The talks between the companies are at an advanced stage, and a deal could be finalized as soon as Wednesday.
- The sale of its third-party logistics business, known as FedEx Supply Chain, will allow FedEx to focus on its core air-ground delivery network.
- CMA CGM will acquire FedEx Supply Chain for $1.4 billion, including debt.
- Following the deal, the companies will enter into multiyear commercial agreements related to air and ocean freight.
- The combined entity would operate about 150 warehouses, expanding CMA CGM subsidiary CEVA Logistics in North America to a workforce of 20,000 people across more than 240 locations.
- The acquisition represents a major step in the development of CEVA Logistics and its logistics activities in North America.
- FedEx aims to focus on higher-value industries such as healthcare, automotive, aerospace, and data centers through this sale.
- CMA CGM will be a preferred ocean carrier for FedEx, with plans to gradually add shared air cargo capacity through 2028.
CMA CGM is nearing a significant acquisition of FedEx Supply Chain for $1.4 billion, a move that will enhance its logistics operations in North America. The deal is expected to close in 2026 and will nearly triple CEVA Logistics’ North American contract logistics business.13467
The acquisition will result in a combined entity operating about 150 warehouses and employing approximately 20,000 workers across more than 240 locations in North America. This includes FedEx Supply Chain’s 10,000 employees and related assets.
FedEx aims to streamline its operations, allowing it to focus on higher-value industries such as healthcare, automotive, aerospace, and data centers. The sale will enable FedEx to concentrate on its core air-ground delivery network, while CMA CGM will become a preferred ocean carrier for FedEx.89
The two companies will also collaborate on shared air cargo capacity solutions through 2028, enhancing their operational synergy. This acquisition is seen as a strategic move for CMA CGM to strengthen its logistics capabilities in a competitive market.
Overall, the deal reflects a significant shift in the logistics landscape, with CMA CGM positioning itself as a major player in North America.
“CMA CGM is close to finalizing a $1.4 billion acquisition of FedEx Supply Chain, which will significantly expand its logistics footprint in North America. This deal allows FedEx to concentrate on higher-value industries while strengthening CMA CGM's position in the logistics market.”
The Loadstar
Action News 5
