Key facts
- CMA CGM is reportedly close to acquiring FedEx's third-party logistics business.
- The potential deal is valued at $1.4 billion.
- The Financial Times reported the information, citing unnamed sources.
French container shipping group CMA CGM is reportedly nearing a deal to acquire FedEx's third-party logistics business for $1.4 billion in cash, according to a report by the Financial Times. The report cited people familiar with the matter.
While the primary source focuses on this specific acquisition, additional information from CMA CGM's 2025 financial results highlights the company's broader strategic growth initiatives. These include a five-year partnership with Mistral AI for AI integration across its businesses, an investment in professional cycling, and significant investments in a new fleet of LNG and methanol-powered vessels to support its Net Zero Carbon by 2050 goal. CMA CGM is also expanding its global terminal operations, with investments in Asia, Latin America, the Middle East, and Europe, including a new terminal in Saudi Arabia and expansion in the UAE and Egypt. In logistics, CEVA Logistics is mentioned as a key part of their operations.
Separately, information related to GitHub Copilot and AI code creation, as well as a FreightWaves article discussing the broadening recovery of manufacturing and industrial demand driving the freight upcycle, were also provided but are not directly related to the CMA CGM-FedEx deal.