CMA CGM enhances its logistics operations in the U.S. through a partnership with FedEx.

CMA CGM Group is set to acquire FedEx Supply Chain, a subsidiary of FedEx, for $1.4 billion, enhancing its logistics capabilities across various transportation networks. This acquisition will integrate FedEx Supply Chain's assets and workforce into CEVA Logistics, significantly expanding its North American network. Both companies aim to establish long-term commercial agreements for freight services, improving efficiency and flexibility. The deal will allow FedEx to focus more on its core air-ground business while CMA CGM continues its expansion in logistics and infrastructure in the U.S.