French container shipping giant CMA CGM Group announced Wednesday that it has agreed to purchase FedEx Supply Chain — the third-party logistics arm of FedEx — for $1.4 billion, as the company looks to strengthen its foothold in the United States market.
According to CMA CGM Group, the purchase will triple the size of its existing logistics subsidiary, CEVA Logistics, while also boosting its position as a contract logistics provider across North America.
The move is part of a broader U.S. expansion strategy. In 2025, CMA CGM committed to pouring $20 billion into American warehousing, air cargo, and logistics operations over a four-year period.
Both companies also indicated they plan to establish multiyear commercial agreements covering air and ocean freight services.
Rodolphe Saadé, CEO of CMA CGM Group, said the transaction will “reinforce our long-term commitment to investing in the United States and supporting the resilience and efficiency of its supply chain.”
Meanwhile, FedEx — headquartered in Memphis, Tennessee — has been shedding certain business units in order to sharpen its focus on its core delivery operations, particularly higher-margin business-to-business shipments serving industries such as healthcare, automotive, aerospace, and data centers. The company completed the spinoff of FedEx Freight, which handles heavy and oversized cargo, on June 1.
The acquisition deal is expected to be finalized later this year, contingent on receiving the necessary regulatory approvals. Separate air cargo and ocean freight agreements between the two companies are projected to be worked out in stages between 2026 and 2028.
