French shipping company CMA CGM Group to buy FedEx’s logistics arm for $1.4B

French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics subsidiary of FedEx for $1.4 billion, as it works to expand in the U.S. CMA CGM Group said the acquisition will triple the size of …

NEW YORK — French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics subsidiary of FedEx for $1.4 billion, as it works to expand in the U.S.

CMA CGM Group said the acquisition will triple the size of its own logistics arm, CEVA Logistics and help build its presence as a contract logistics provider in North America.

In 2025, CMA CGM pledged to invest $20 billion in its U.S. warehousing, air cargo and logistics over four years.

The two companies said they expected to enter into multiyear air and ocean freight commercial agreements as well.

Rodolphe Saadé, CEO of CMA CGM Group, said the deal will “reinforce our long-term commitment to investing in the United States and supporting the resilience and efficiency of its supply chain.”

FedEx, based in Memphis, Tennessee, has been spinning off some businesses to focus on its delivery business, focusing on higher-margin business-to-business deliveries for the healthcare, automotive, aerospace and data center industries. It completed its spinoff of FedEx Freight, which transports heavy and bulky shipments, on June 1.

The acquisition is expected to close later this year, subject to regulatory approvals.

The air cargo and ocean freight deals are expected to be ironed out in different phases between 2026 and 2028.

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