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CMA CGM to Acquire FedEx Supply Chain for $1.4B

CMA CGM announced Wednesday it will purchase FedEx Supply Chain for $1.4 billion, marking a significant expansion of its North American logistics footprint. The acquisition, expected to close in 2026, will nearly triple the size of CMA CGM subsidiary CEVA Logistics' contract logistics operations. FedEx Supply Chain employs approximately 10,000 workers across its current network. Upon completion, the combined entity will operate roughly 150 warehouses with a combined workforce of 20,000 employees at more than 240 North American locations. The companies plan to establish multiyear ocean and air freight agreements commencing between now and 2028. CMA CGM will become FedEx's preferred ocean carrier under a non-exclusive arrangement. The carriers will also collaborate on select air cargo capacity solutions to enhance aircraft utilization and long-haul flexibility.