The CMA CGM Group today announced the successful closing of its acquisition of FedEx Supply Chain at an enterprise value of $1.4 billion.
The completed acquisition significantly expands CEVA Logistics’ North American contract logistics operations and reinforces CMA CGM’s more than 25-year commitment to investing in the United States. It also advances the Group’s strategy to provide comprehensive end-to-end logistics solutions spanning ocean shipping, terminals, inland transport, warehousing and value-added logistics.
With the integration of FedEx Supply Chain’s assets and nearly 10,000 team members, CEVA Logistics is now one of North America’s leading contract logistics providers. This acquisition triples the north American logistics footprint of CEVA Logistics, adding approximately 34 million square feet of warehouse space. The combined business operates approximately 150 warehouses, expanding CEVA’s presence in North America to more than 240 locations with a workforce of approximately 20,000 people.
Beyond physical footprint, the acquisition combines complementary digital and operational capabilities, accelerating the deployment of automation and robotics across the North American network. It also deepens CEVA’s sector expertise in healthcare, technology, consumer and retail, enhancing its ability to manage complex, end-to-end supply chains across the United States and Canada.
In parallel, the CMA CGM Group and FedEx also enter into multi-year commercial agreements related to air and ocean freight, unlocking broader global collaboration.
Preferred ocean carrier
CMA CGM will become a preferred ocean carrier for FedEx, offering transport and carrier services under a non-exclusive agreement.
The two companies also plan to collaborate on an air cargo capacity agreement on key strategic routes, including Asia-Europe. This will strengthen their respective global networks, improving aircraft utilization and providing greater flexibility on long-haul routes. This will also further reinforce CMA CGM’s capabilities as an integrated logistics solutions provider across ocean, air and land.
Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, stated: “The completion of this acquisition marks an important step in the development of CMA CGM and CEVA Logistics in North America. By significantly expanding our contract logistics capabilities, we are strengthening our ability to offer customers integrated, end-to-end supply chain solutions across ocean, air, land and logistics. It also reinforces CMA CGM’s long-term commitment to investing in the United States, a strategic growth market for the Group, and supporting the resilience and efficiency of its supply chain.”
(Photo of CMA CGM vessel)