CMA CGM completes $1.4bn FedEx Supply Chain acquisition

· Shipping · France · United States

CMA CGM said it completed its $1.4bn takeover of FedEx's contract logistics business, FedEx Supply Chain, which will be folded into its Ceva unit. The deal nearly triples Ceva's North American footprint, according to the carrier.

Why it matters：A major ocean carrier deepening its logistics arm signals continued vertical integration, as container lines compete with freight forwarders and 3PLs for end-to-end control of cargo.

Key points

  • FedEx Supply Chain will be folded into CMA CGM's Ceva logistics arm.
  • The carrier said Ceva's North American footprint will almost treble.
  • The deal value was $1.4bn.

Sources (original reporting)

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