CMA CGM is close to finalizing a $1.4 billion agreement to acquire FedEx's logistics unit, according to reports from the Financial Times.
The deal represents a strategic pivot for the French container shipping group, which has been aggressively expanding its capabilities beyond ocean freight into integrated supply chain solutions.
The acquisition comes at a time when FedEx has been reevaluating its portfolio, having recently raised its full-year revenue guidance to approximately 11% growth.
By securing FedEx's logistics assets, CMA CGM aims to strengthen its position in the lucrative US domestic market, where last-mile delivery and ground transportation are increasingly critical for global shippers.
The acquisition comes at a time when FedEx has been reevaluating its portfolio, having recently raised its full-year revenue guidance to approximately 11% growth.
The logistics giant cited robust pricing momentum and volume recovery in its core express business as key drivers for the improved outlook.
However, the potential sale of its logistics unit suggests a strategic refocusing on its higher-margin express and freight operations, rather than the more capital-intensive ground logistics segment.