CMA CGM has agreed to acquire FedEx Supply Chain, the North American contract logistics arm of FedEx Corp., in a transaction valuing the unit at $1.4 billion. Financial terms were not disclosed. The deal still needs the usual regulatory clearances and is expected to close in the second half of 2026.
The acquired operations will fold into Ceva Logistics, the third-party logistics business CMA CGM entered in 2018 and took near-full control of in 2019. For the French shipping group, the move is one more step in a long push to rank among the world’s largest logistics providers. FedEx, for its part, keeps its focus where it has always been: express delivery of mail and small parcels.
Tripling Ceva’s North American Footprint
The numbers behind the deal are substantial. FedEx Supply Chain brings roughly 10,000 employees, close to 140 warehouses and about 3.7 million sqm of space. Absorbing that workforce would roughly double Ceva’s headcount in contract logistics and triple its North American activity in that segment. The combined regional entity is expected to count around 20,000 people across more than 240 sites, spanning warehousing, order preparation, distribution and related transport organisation.
Leadership is shifting alongside the assets. Patrick Moebel, who spent five years as president of FedEx Supply Chain and previously worked at Geodis, is set to take over as head of Ceva Logistics. He replaces Mathieu Friedberg, who returns to the CMA CGM parent to steer its transformation.
A Wider Commercial Pact
The agreement goes beyond warehouses. CMA CGM and FedEx Corp. have signed a long-term commercial partnership covering ocean and air freight. On the sea side, CMA CGM becomes a preferred but non-exclusive carrier for the express giant. In the air, the two plan to knit their networks together more closely for better aircraft use and more flexible long-haul capacity.
Rodolphe Saadé, chairman and CEO of the CMA CGM Group, said the combination strengthens the company’s ability to offer integrated end-to-end supply chain solutions and reaffirms its long-term commitment to investing in the United States. Whether rivals respond with logistics deals of their own is the open question now.
