CMA CGM completes US$1.4 billion FedEx Supply Chain acquisition

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CMA CGM completed its $1.4 billion acquisition of FedEx Supply Chain, which will join the company's CEVA Logistics subsidiary. The deal adds nearly 10,000 employees and about 34 million square feet of warehouse capacity, expanding CMA CGM's contract logistics footprint in North America.

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 […] The post CMA CGM completes US$1.4 billion FedEx Supply Chain acquisition appeared first on Container News.