CMA CGM Finalizes $1.4B Acquisition of FedEx Supply Chain

CMA CGM finalizes $1.4B acquisition of FedEx Supply Chain

FedEx has unloaded its Supply Chain subsidiary to CMA CGM Group for $1.4 billion to concentrate on its freight transportation and parcel delivery services.

CMA CGM Group acquires FedEx Supply Chain - Trailer Magazine

Image: CEVA Logistics.CMA CGM Group, the parent company of CEVA Logistics, has acquired FedEx Supply Chain at an enterprise value of $1.8 billion USD (approx. $2 billion AUD). The completed acquisition significantly expands CEVA Logistics contract logistics operations in North America and reinforces CMA CGM’s more than 25-year commitment to investing in the United States. It also […]

CMA CGM Group Completes $1.4 Billion Acquisition of FedEx Supply Chain

FedEx completed its $1.4 billion sale of FedEx Supply Chain to CMA CGM, expanding CEVA’s warehouse operations and establishing new freight agreements.

CMA CGM completes US$1.4 billion FedEx Supply Chain acquisition

CMA CGM has completed its US$1.4 billion acquisition of FedEx Supply Chain, significantly expanding the North American contract logistics operations of its CEVA Logistics subsidiary. FedEx Supply Chain is now joining CEVA Logistics, adding nearly 10,000 employees and approximately 34 million square feet of warehouse space to its operations. The transaction follows the agreement announced […]

CMA CGM closes $1.4 billion FedEx Supply Chain acquisition

The deal nearly triples CEVA’s North American contract logistics capacity and strengthens its integrated logistics services in the US and Canada.

CMA CGM completes $1.4bn FedEx Supply Chain takeover

CMA CGM announced today that it has completed its $1.4bn takeover of FedEx’s contract logistics business, FedEx Supply Chain, which is set to be folded into the shipping line’s contract logistics arm Ceva. The deal will see Ceva’s North American footprint almost treble in size, according to CMA CGM, with the addition of around 34m sqft of warehouse space offering combined operations across 150 warehouses in region and employing around 20,000 ...