CMA CGM Group set to acquire FedEx Supply Chain for $1.4 billion

CMA CGM, a provider of land, sea and air logistics solutions, announced on July 1, 2026, that an agreement had been made to acquire FedEx Supply Chain, a subsidiary of FedEx Corp, for $1.4 billion. The acquisition is expected to close in 2026, subject to regulatory approvals.

FedEx's assets and approximately 10,000 team members are set to be integrated into CEVA Logistics – CMA CGM's integrated logistics subsidiary – in a move that would nearly triple the size of its North American contract logistics operations.

According to CMA CGM, by integrating these assets CEVA Logistics – ranked the fifth-largest global 3PL by Armstrong & Associates in 2025 – will become "a leading contract logistics provider in North America". Upon completion of the acquisition, CEVA Logistics will operate around 150 warehouses and its workforce on the continent will grow to 20,000 people across more than 240 locations.

Further collaboration

CMA CGM and FedEx have also confirmed that once the transaction is executed, both parties will multi-year commercial agreements concerning air and ocean freight. A non-exclusive agreement will see CMA CGM offer ocean transport and carrier services to FedEx as a preferred ocean carrier,.

Meanwhile, the two companies will also collaborate on select air cargo capacity solutions in order to enhance their respective global networks through higher aircraft utilisation and flexible long-haul capacity.

Thoughts from leadership

In a statement, Rodolphe Saadé, chairman and CEO of CMA CGM Group, highlighted the significance of the acquisition to CEVA Logistics' growth and future in North America.

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"The acquisition and partnership with FedEx represent a major step in the development of CEVA Logistics and our logistics activities in North America," he said. "We are strengthening our ability to provide customers with integrated supply chain solutions."

He added: "These deals also reinforce our long-term commitment to investing in the United States and supporting the resilience and efficiency of its supply chain."

Raj Subramaniam, FedEx's president and CEO, also shared his perspective, emphasising the benefits of streamlining its portfolio. He claimed that by selling FedEx Supply Chain, the company would be able to increase its focus on "further increase [its] focus on providing [its] unique expertise for high-value verticals, including healthcare, automotive, aerospace and data centres".

"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," said Subramaniam. "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. "

Executive changes at CMA CGM Group and CEVA Logistics

Alongside this announcement on July 1, CMA CGM Group also announced two significant changes to its executive committee made to support the group's continued growth and help accelerate its major transformation initiatives.

Firstly, it appointed Patrick Moebel, who most recently served as president of FedEx Logistics, as CEO of CEVA Logistics. CMA CGM Group said that this appointment came at "a pivotal moment for CEVA Logistics", with the company entering a new phase of development following the acquisition of Bolloré Logistics in 2024.

CMA CGM shared its belief that Patrick Moebel is the right person to lead this new phase of integration and expansion, focusing on expansion in the North American market, strengthening its end-to-end logistics solutions offering and accelerating sustainable growth.

Secondly, Mathieu Friedberg was appointed as executive vice president of transformation at CMA CGM Group, after six years as CEO of CEVA Logistics. CMA CGM group praised Friedberg leadership during a period of significant transformation and several strategic acquisitions.

These appointments, CMA CGM Group has said, reflect the group's commitment to pursuing its global growth while accelerating its technological transformation to deliver increasingly innovative, integrated and high-performing solutions to its customers.