CMA CGM to Acquire FedEx Third-Party Logistics Unit in $1.4 Billion Deal

French shipping and logistics group CMA CGM has agreed to acquire the third-party logistics unit of American courier giant FedEx in a transaction valued at approximately $1.4 billion. The deal marks one of the largest moves yet by a major ocean carrier to expand its presence in the broader global supply chain, beyond the container shipping business that CMA CGM built its name on.

Expanding Beyond Ocean Freight

CMA CGM has spent the past few years building out its land-side logistics operations, offering warehousing, inland transportation and freight management services to shippers that use its vessels. By absorbing FedEx's third-party logistics arm, the Marseille-based company gains a deeper foothold in contract logistics and supply chain solutions in North America and other key markets.

What the Deal Covers

The unit being acquired handles outsourced logistics for businesses, including warehousing, distribution and transportation management. For FedEx, the divestiture is part of an ongoing effort to streamline its portfolio and focus on its core express delivery and ground parcel networks.

Industry Context

The acquisition comes amid a wave of consolidation in logistics, with carriers and freight forwarders seeking to offer end-to-end services. Recent deals in the sector include:

• CMA CGM to acquire FedEx's third-party logistics unit for $1.4 billion
• CMA CGM Agrees to Acquire FedEx Logistics Division for $1.4 Billion
• Derby Logistics Deal Boosts Big-Box Warehouse Demand

What Comes Next

The transaction is subject to customary regulatory approvals and is expected to close later this year, after which the acquired business will operate under CMA CGM's logistics division. Both companies have indicated they will work to ensure a smooth transition for customers and employees.