CMA CGM completes $1.4bn FedEx Supply Chain takeover
· Logistics · France · United States
CMA CGM closed its $1.4 billion purchase of FedEx's contract logistics unit, folding it into Ceva. The deal nearly triples Ceva's North American footprint and lets FedEx focus on freight and parcel.
Why it matters：Consolidation among global logistics providers reshapes contract logistics competition and shows ocean carriers moving deeper into integrated end-to-end services.
Key points
- FedEx offloads Supply Chain to concentrate on freight transportation and parcel delivery.
- Ceva absorbs the business, nearly tripling its North American presence.
- Deal value was $1.4 billion, announced as completed.
Sources (original reporting)
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