CMA CGM has completed its acquisition of FedEx Supply Chain at an enterprise value of $1.4 billion, expanding CEVA Logistics’ contract-logistics business across the United States and Canada.
The transaction adds approximately 34 million square feet of warehouse space and nearly 10,000 employees. CEVA now operates around 150 warehouses within the acquired business and has more than 240 locations across North America, employing about 20,000 people. CMA CGM said the deal triples CEVA’s regional logistics footprint.
The enlarged network also brings together complementary digital and operational capabilities. This is expected to support broader use of warehouse automation and robotics, while strengthening CEVA’s expertise in healthcare, technology, consumer and retail supply chains.
The acquisition forms part of CMA CGM’s strategy to offer integrated services covering ocean shipping, terminals, inland transport, warehousing and value-added logistics. It also reinforces the group’s more than 25-year investment presence in the United States.
Commercial cooperation continues
FedEx and the CMA CGM Group have also agreed multi-year commercial arrangements covering air and ocean freight. CMA CGM will become a preferred, non-exclusive ocean carrier for FedEx.
The companies plan to cooperate on air-cargo capacity on selected strategic routes, including Asia-Europe. The arrangement is intended to improve aircraft utilisation and provide additional flexibility on long-haul services.
For customers, the combined offering links a larger North American warehouse network with ocean, air and inland transport capabilities. The deal therefore extends beyond a capacity increase, positioning CEVA as a broader end-to-end logistics provider.
A multilingual professional experienced in Europe, Canada, and China, Herbert has developed invaluable networks in the automotive and energy industries. He has led high-profile projects involving ENBW, Mercedes-Benz Group, Siemens Group, and the Fraunhofer Institute.