Key points
- The $1.4bn deal closed on 1 October. FedEx Supply Chain becomes part of CEVA Logistics, owned by CMA CGM since 2019.
- CEVA gains around 34 million sq ft of warehouse space and nearly 10,000 staff, almost tripling its North American contract logistics business.
- CMA CGM also becomes a preferred ocean carrier for FedEx, and the two will cooperate on air cargo, including Asia–Europe.
- The more shipping lines sell door-to-door logistics, the more forwarders and hauliers compete with, or depend on, a few giants.
CMA CGM agreed to buy FedEx Supply Chain in July. On 1 October, both companies confirmed the deal had closed at an enterprise value of $1.4 billion.
The business will be folded into CEVA Logistics. CEVA’s North American network now spans more than 240 locations and around 20,000 staff.
What CMA CGM is buying
FedEx Supply Chain runs warehousing, order fulfilment and returns for large retailers and manufacturers. Many of its sites are highly automated and use robotics.
With it, CEVA gets:
- nearly 10,000 employees,
- around 34 million sq ft of warehouse space,
- customers and expertise in healthcare, technology, consumer goods and retail.
The deal also comes with multi-year commercial agreements. CMA CGM becomes a preferred ocean carrier for FedEx on a non-exclusive basis, and the two plan to cooperate on air cargo on key routes, including Asia–Europe. That gives CMA CGM access to more air capacity without buying extra freighters.
A pattern, not a one-off
This is not CMA CGM’s first move beyond the sea. Over the past few years the French group has built a land and logistics empire:
- CEVA Logistics in 2019,
- GEFCO, a major European road and automotive logistics provider, in 2022,
- Bolloré Logistics in 2024,
- and now FedEx Supply Chain.
Its rivals are doing the same. Maersk has bought warehousing and freight forwarding companies to sell end-to-end logistics, and DSV completed its takeover of DB Schenker in 2025. This week, C.H. Robinson agreed to buy freight broker RXO for $5.8 billion.
CMA CGM chairman and CEO Rodolphe Saadé said the FedEx deal strengthens the group’s ability to offer customers integrated, end-to-end supply chain solutions across ocean, air, land and logistics.
What it means for forwarders and hauliers
When one group controls the ship, the port terminal, the warehouse and the customer relationship, it also decides who moves the goods on the road. For independent players, that cuts both ways.
For forwarders, shipping lines become direct competitors. A shipper that can book ocean freight, customs, warehousing and last-mile delivery in one contract has less reason to use an intermediary.
For road hauliers, the giants can be a source of steady volume, but on their terms. Large logistics groups buy transport at scale, run tenders through their own platforms and expect subcontractors to accept their rates, payment terms and digital requirements. Losing one big contract can hurt a small fleet badly.
The practical lesson for smaller companies is to avoid relying on one customer, specialise where the giants are weak, such as niche cargo, regional distribution or fast, flexible service, and read subcontracting contracts carefully before signing.
Why FedEx is selling
FedEx Supply Chain was a small part of FedEx, accounting for less than 2% of its revenue. FedEx CEO Raj Subramaniam said the company is building a more focused FedEx, centred on the transport network that is at the heart of its business.
In other words, while FedEx narrows its focus, CMA CGM is widening it, and the logistics map keeps concentrating in fewer hands.
