CMA CGM Group, which is a global leader in sea, land, air, and logistics solutions, on July 1, 2026, announced an agreement to buy FedEx Supply Chain, a subsidiary of FedEx Corp., at an enterprise value of $1.4 billion.
The deal is expected to be completed in 2026 and would almost triple the North American contract logistics operations of CEVA Logistics, which is a CMA CGM Group company.
The agreement to buy FedEx supply chain strengthens CMA CGM’s over 25-year commitment and investment in the U.S. supply chain and expedites its approach to provide integrated end-to-end logistics solutions. With the addition of FedEx Supply Chain’s assets and almost 10,000 team members, CEVA Logistics will be an established contract logistics provider in North America. The merged business would have approximately 150 warehouses, which would bring CEVA’s total footprint in North America to an overall 20,000 people at over 240 locations.
CMA CGM and FedEx are also expected to enter into multi-year commercial agreements for air and ocean freight once the deal is finalized. CMA CGM will offer ocean transport and carrier services as a favored ocean carrier for FedEx according to a non-exclusive contract. The companies are also going to work on some air cargo capacity solutions in order to bolster their corresponding global networks in order so as to attain greater aircraft utilization as well as flexible long-haul capacity.
According to the Chairman and Chief Executive Officer of the CMA CGM Group, Rodolphe Saadé, “The acquisition and partnership with FedEx represent a major step in the development of CEVA Logistics and our logistics activities in North America. We are strengthening our ability to provide customers with integrated supply chain solutions. These deals also reinforce our long-term commitment to investing in the United States and supporting the resilience and efficiency of its supply chain.”
Raj Subramaniam, President and CEO of FedEx, opines that “Today’s announcement enables FedEx to further increase our focus on providing our unique expertise for high-value verticals, including healthcare, automotive, aerospace and data centers. By streamlining our portfolio, FedEx is better positioned to execute our long-term vision and continue to serve as the heartbeat of the industrial economy, delivering unmatched connectivity, reliability, and value to our customers globally. We look forward to leveraging our complementary relationship with global logistics solutions provider CMA CGM to support the next chapter for FedEx Supply Chain and its team members.”
Closing of transactions as well as approvals
The acquisition is pending customary regulatory approvals and is anticipated to be completed during 2026. The air cargo along with ocean freight deals are scheduled to begin in stages between now and 2028. Morgan Stanley and Messier & Associés are the financial advisers to CMA CGM, and Cleary Gottlieb is legal counsel. JPMorgan is serving as financial advisor to FedEx, and Baker McKenzie is functioning as legal counsel to FedEx.
