CMA CGM completes $1.4 billion acquisition of FedEx Supply Chain
FDX•CMA CGM completed its $1.4 billion acquisition of FedEx Supply Chain, nearly tripling CEVA Logistics’ North American contract logistics footprint with about 34 million square feet of warehouse space.
1. Expanded logistics network
The acquisition adds about 34 million square feet of warehouse space and nearly 10,000 employees to CEVA Logistics. The combined operation runs about 150 warehouses, expanding CEVA’s North American network to more than 240 locations and its regional workforce to about 20,000.
2. Carrier agreements
Separate multi-year agreements make CMA CGM a preferred, non-exclusive ocean carrier for FedEx, with planned air cargo cooperation on key routes.
