CMA CGM has completed its US$1.4 billion acquisition of FedEx Supply Chain, significantly expanding the North American contract logistics operations of its CEVA Logistics subsidiary. FedEx Supply Chain is now joining CEVA Logistics, adding nearly 10,000 employees and approximately 34 million square feet of warehouse space to its operations. The transaction follows the agreement announced in July, when CMA CGM agreed to acquire the FedEx third-party contract logistics business for an enterprise value of US$1.4 billion. At the time, completion was expected later in 2026, subject to regulatory approvals. CEVA expands North American logistics footprint The combined business operates approximately 150 warehouses, while CEVA’s wider North American network now comprises more than 240 locations and around 20,000 employees. The acquisition nearly triples CEVA’s contract logistics footprint in North America and strengthens its capabilities in sectors including healthcare, technology, consumer products and retail. The deal forms part of CMA CGM’s strategy to expand its end-to-end supply chain capabilities alongside its core ocean shipping operations. CMA CGM’s corporate history now lists FedEx Supply Chain among the group’s 2026 acquisitions. CMA CGM and FedEx deepen freight cooperation Alongside the acquisition, CMA CGM and FedEx are entering multi-year commercial agreements covering ocean and air freight. Under the arrangements announced in July, CMA CGM will become a preferred ocean carrier for FedEx on a non-exclusive basis. The companies also plan to cooperate on selected air cargo capacity solutions. The agreements expand the relationship beyond contract logistics, connecting FedEx with CMA CGM’s ocean network and the group’s growing air cargo operations. For CEVA Logistics, the integration substantially increases its warehousing and distribution scale in one of CMA CGM’s key strategic markets. The post CMA CGM completes US