CMA CGM Acquires FedEx Supply Chain for $1.4 Billion

French shipping giant CMA CGM is acquiring FedEx Supply Chain from its parent company, FedEx Corp (FDX), in a $1.4 billion deal aimed at expanding CEVA Logistics' presence in North America. The acquisition will nearly triple CEVA's regional contract logistics business and expand its network to over 240 locations.

By Valerija I. Wed, July 8, 2026 at 11:07 AM GMT+3 4 min read · Yahoo Finance · July 8, 2026, 08:07 UTC

CMA CGM Acquires FedEx Supply Chain for $1.4 Billion

Tickers: $FDX

Topics: acquisition CEVA Logistics FedEx Supply Chain logistics

Read the full article at Yahoo Finance

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