French company to acquire FedEx Supply Chain for $1.4 billion in move to expand CEVA Logistics
A global logistics company headquartered in Marseille, France, will acquire FedEx Supply Chain in a move expected to “nearly triple the size of the North American contract logistics operations of CEVA Logistics.”
On July 1, 2026, CMA CGM Group announced an agreement to acquire FedEx Supply Chain for $1.4 billion.
The acquisition is expected to close later this year.
CMA CGM Group says that the acquisition will dramatically increase operations of subsidiary company CEVA Logistics.
“By integrating FedEx Supply Chain’s assets and nearly 10,000 team members, CEVA Logistics will become a leading contract logistics provider in North America. The combined entity would operate approximately 150 warehouses, expanding CEVA’s overall presence in North America to a combined workforce of 20,000 people located at more than 240 locations,” the company said in a news release announcing the acquisition.
“The acquisition and partnership with FedEx represent a major step in the development of CEVA Logistics and our logistics activities in North America. We are strengthening our ability to provide customers with integrated supply chain solutions. These deals also reinforce our long-term commitment to investing in the United States and supporting the resilience and efficiency of its supply chain,” said Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group.
“”Today’s announcement enables FedEx to further increase our focus on providing our unique expertise for high-value verticals, including healthcare, automotive, aerospace and data centers. By streamlining our portfolio, FedEx is better positioned to execute our long-term vision and continue to serve as the heartbeat of the industrial economy, delivering unmatched connectivity, reliability, and value to our customers globally. We look forward to leveraging our complementary relationship with global logistics solutions provider CMA CGM to support the next chapter for FedEx Supply Chain and its team members,” said Raj Subramaniam, President and CEO of FedEx.