Supply Chain
CMA CGM Closes Its $1.4 Billion Purchase of FedEx Supply Chain, Doubling Ceva's North American Workforce
The deal adds about 10,000 employees, 34 million square feet of warehouse space and roughly 130 customers, and makes CMA CGM a preferred non-exclusive ocean carrier for FedEx.
PR
By Priya Raghavan
Oct 3, 2026 · 2 min read
The French shipping group CMA CGM completed its acquisition of FedEx Supply Chain, FedEx's contract-logistics arm, on Oct. 1 at an enterprise value of $1.4 billion, closing a transaction first announced in July.
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PR
Priya Raghavan
Corporate Insider Inc.
Priya Raghavan writes for Corporate Insider Inc.