French container shipping group CMA CGM is set to acquire FedEx Supply Chain, the US logistics division of FedEx Corp, for $1.4 billion.
The transaction, expected to close by year-end, marks a decisive step in the Marseille-based carrier’s strategy to control the final leg of the supply chain in North America.
The deal allows CMA CGM to bypass traditional third-party logistics providers and capture higher-margin value-added services directly.
The deal allows CMA CGM to bypass traditional third-party logistics providers and capture higher-margin value-added services directly.
By integrating FedEx’s established network of warehouses and distribution centers, the French group aims to offer end-to-end solutions to its global customers, reducing reliance on external partners for US domestic delivery.
This acquisition follows earlier reports that CMA CGM was in advanced negotiations for the unit.
The move underscores the intensifying competition among major carriers to transform into comprehensive logistics operators.