CMA CGM Finalizes $1.4B Acquisition of FedEx Supply Chain

CMA CGM Group Completes Acquisition of FedEx Supply Chain

•    Advances CMA CGM Group’s long-term strategy to build integrated, end-to-end logistics solutions.•    Reinforces the Group’s investment commitment...

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 Completes FedEx Supply Chain Deal

The CMA CGM Group, a global player in sea, land, air and logistics solutions, today announced the successful closing of its acquisition of FedEx Supply Chain, a subsidiary of FedEx Corp., at an enterprise value of $1.4 billion. The completed acquisition significantly expands CEVA Logistics’ North American contract logistics operations and reinforces CMA CGM’s more […]

CEVA Logistics triples North American footprint - Global Trailer

Image: CEVA Logistics.CMA CGM Group has completed its €1.2 billion acquisition of FedEx Supply Chain, tripling the North American contract logistics footprint of CEVA Logistics and significantly strengthening its end-to-end supply chain capabilities across the region. The acquisition marks a major step in CMA CGM’s strategy to expand its integrated logistics offering, combining ocean shipping, terminals, inland […]

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 […]