French shipping company CMA CGM Group to buy FedEx’ logistics arm for $1.4B

Jul 1, 2026, 4:11 PM

NEW YORK (AP) — French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics subsidiary of FedEx for $1.4 billion, as it works to expand in the U.S. CMA CGM Group said the acquisition will triple the size of its own logistics arm, CEVA Log...

Redirecting to full article...