CMA CGM Group Acquires Fedex's Logistics Division for $1.4B

WHO:

ABC News Business - CMA CGM Group, a French container shipping company, is acquiring FedEx Supply Chain, the third-party logistics subsidiary of FedEx.

WHAT:

ABC News Business - CMA CGM Group will buy FedEx Supply Chain for $1.4 billion.

AP News - The acquisition will triple the size of CMA CGM Group's logistics operations in the U.S.

WHERE:

ABC News Business - The acquisition involves operations in the United States.

WHEN:

ABC News Business - The acquisition is set to take place in the future, with no specific date provided.

WHY:

ABC News Business - CMA CGM Group is working to expand its presence in the U.S. logistics market.

HOW:

AP News - The acquisition is part of CMA CGM Group's strategy to enhance its logistics capabilities.

(UPDATED July 2, 2026 08:10 UTC)

CMA CGM Group, a French container shipping company, is set to acquire FedEx Supply Chain, the third-party logistics subsidiary of FedEx, for $1.4 billion. This significant move will triple the size of CMA CGM Group's logistics operations in the United States as part of its strategy to enhance its logistics capabilities and expand its presence in the U.S. market. While the acquisition is confirmed, no specific date has been provided for when this deal will take place.