CMA CGM Acquires FedEx Supply Chain for US$1.4bn

As part of its plan to accelerate its logistics offer, CMA CGM has agreed to acquire FedEx Supply Chain from FedEx Corp for a fee of US$1.4bn.

The deal is set to finalise at the end of the year, subject to regulatory approval.

Operating as a key subsidiary of the CMA CGM Group, CEVA Logistics is set to triple its North American presence, which reinforces a 25-year commitment to investment in the US market.

Logistics Growth for CEVA Logistics

Ceva Logistics will look to integrate FedEx Supply Chain’s assets to become a leading logistics provider in North America. 

The newly established entity will operate approximately 150 warehouses across the region. As well as this, the agreement includes the transition of nearly 10,000 team members, seeing a combined workforce of 20,000 people. 

This newly integrated workforce will operate across more than 240 locations in the region. Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, highlights the strategic importance of the acquisition.

"The acquisition and partnership with FedEx represent a major step in the development of CEVA Logistics and our logistics activities in North America," Rodolphe says.

"We are strengthening our ability to provide customers with integrated supply chain solutions."

Commercial deals to enhance air and ocean freight

Once the acquisition is completed, the CMA CGM Group and FedEx expect to enter into multi-year commercial agreements, which will focus on air and ocean freight capacity solutions.

The French company will become a preferred ocean carrier for FedEx under a non-exclusive agreement, offering ocean transport and carrier services to the transport giant. Air cargo capacity solutions will be another area in which the companies will collaborate, with the goal of enhancing their respective global networks.

Raj Subramaniam, President and CEO of FedEx, explains that the divestment allows the company to sharpen its strategic focus. The company wants to prioritise high-value verticals.

"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 centres," Raj says. "By streamlining our portfolio, FedEx is better positioned to execute our long-term vision."

Future outlook: what’s next?

Between now and 2028, these air cargo and ocean freight agreements are scheduled to commence in phases. The legal and financial advisors for the multi-billion-dollar deal have been finalised by both companies.

Morgan Stanley and Messier & Associés are acting as financial advisors to the CMA CGM Group, with Cleary Gottlieb acting as legal counsel. Meanwhile, JPMorgan is serving as financial advisor to FedEx, with Baker McKenzie acting as legal counsel.

The CMA CGM Group, which is the third-largest shipping company in the world, will maintain its head office in Marseille, France. In 2025, the shipping company carried more than 24 million twenty-foot equivalent units.

The release says that the acquisition will further strengthen the position of CEVA Logistics as a “top five global player”.

Large organisations are encouraged to submit their entries for the Enterprise of the Year category at the upcoming Global Supply Chain Awards 2026. 

With the deadline fast approaching this week, our judges will be looking for companies that have demonstrated operational excellence over the past 12 months. 

The Awards will form part of Supply Chain LIVE, which is co-located with Procurement LIVE and Sustainability LIVE and is taking place on 8 and 9 September at QEII Centre, Westminster.