CMA CGM to acquire FedEx Supply Chain in US$1.4 billion deal

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The CMA CGM Group is set to acquire FedEx Supply Chain for $1.4 billion, significantly expanding CEVA Logistics' contract logistics business in North America. This acquisition will nearly triple CEVA's logistics operations in the region.

The CMA CGM Group has agreed to acquire FedEx Supply Chain, a subsidiary of FedEx Corp., in a deal valued at US$1.4 billion. The acquisition will significantly expand the North American contract logistics business of CEVA Logistics, CMA CGM’s logistics subsidiary. The deal will nearly triple CEVA’s contract logistics operations in North America. After the […] The post CMA CGM to acquire FedEx Supply Chain in US$1.4 billion deal appeared first on Container News.