FedEx is in advanced talks to sell its logistics unit to shipping firm CMA CGM for $1.4bn. The deal would deliver $1.4bn in cash proceeds, helping FedEx reduce debt and concentrate on its core express-delivery operations.
FedEx is nearing an agreement to sell its global logistics unit to CMA CGM for approximately $1.4bn, marking one of FedEx’s significant divestitures of non-core assets. The unit covers freight forwarding, warehousing and supply-chain services across multiple continents.
The sale aligns with FedEx's strategy to streamline operations and focus on its high-margin express-delivery network. CMA CGM seeks to expand beyond container shipping into integrated logistics solutions.
The $1.4bn cash infusion is expected to help FedEx reduce outstanding debt and strengthen liquidity amid competitive pressures. Analysts estimate the deal could adjust FedEx’s leverage ratio by up to 0.2x.
FedEx and CMA CGM aim to finalize the agreement in the second half of 2026, pending antitrust clearances and customary closing conditions. The companies anticipate integrating the logistics operations within several months of closing.
