French Shipping Company CMA CGM to Buy FedEx Supply Chain for $1.4 Billion

FedEx (FDX) is selling its Supply Chain unit to French shipping giant CMA CGM for $1.4 billion, according to The Wall Street Journal. The deal includes multiyear commercial agreements between the companies covering air and ocean freight services.

The transaction marks FedEx's continued divestiture strategy as it restructures operations. CMA CGM, a global container shipping and logistics company, gains immediate scale in North American supply chain solutions through the acquisition. The commercial partnerships will preserve operational ties between the firms even after the unit changes hands.

FedEx Supply Chain provides third-party logistics services including warehousing, transportation management, and fulfillment. The $1.4 billion price tag values the business amid ongoing consolidation in the freight and logistics sector. By locking in multiyear freight agreements, both companies ensure continuity in their cargo transportation networks—FedEx retains access to ocean shipping capacity while CMA CGM secures air freight routes.