What Happened
Global Shipping Carrier Strengthens North American Presence
CMA CGM has announced the acquisition of FedEx Supply Chain, a subsidiary of FedEx Corp, for $1.4 billion. The deal will nearly triple the size of CEVA Logistics’ North American contract logistics operations, making it a leading provider in the region. With approximately 150 warehouses and a combined workforce of 20,000 people, CEVA Logistics will significantly expand its capabilities. The acquisition is part of CMA CGM’s strategy to provide comprehensive end-to-end logistics solutions and reinforces its commitment to investing in the United States. This development was first reported by The Maritime Executive.