Cma Cgm is seeking to acquire FedEx Supply Chain, the contract logistics division of the US group, for $1.4 billion (about €1.23 billion) in an all-cash deal. The Financial Times reported this on 1 July 2026, noting that the transaction would mainly involve the North American market, where FedEx Supply Chain operates around 130 distribution centres, with more than 3.2 million square metres of warehousing space. The two companies have not commented on the report.
For FedEx, the sale would mark an exit from contract logistics to focus on pure express courier services, time-critical air and ground deliveries that remain the core of the US group. The report comes one month after the spin-off of FedEx Freight, the road freight division completed in June 2026. FedEx Supply Chain was created through the acquisition of Genco, a pioneer in returns logistics founded in 1898, which the US multinational bought in 2014-2015 for $1.6 billion (about €1.4 billion). The company was renamed FedEx Supply Chain in 2017 and today has more than 4,000 direct employees, with warehouses stretching from Los Angeles to New Jersey and recognised expertise in logistics management for the technology and pharmaceutical sectors, as well as returns management.
For Cma Cgm, the transaction would form part of its expansion into land-based logistics, launched in 2019 with the acquisition of Swiss operator Ceva Logistics, which was delisted from the Zurich Stock Exchange. In 2022, the group acquired Ingram Micro’s Commerce & Lifecycle Services business for $3 billion (about €2.63 billion), strengthening its presence in US e-commerce and omnichannel services. In February 2024, it completed the $5 billion (about €4.38 billion) acquisition of Bolloré Logistics, which was subsequently integrated into Ceva. In March 2025, chief executive Rodolphe Saadé announced a $20 billion (about €17.5 billion) investment plan in the United States, targeting warehouses, port infrastructure and the new Air Cargo division, with a hub in Chicago. The acquisition of FedEx Supply Chain could therefore accelerate this plan, moving towards a globally integrated logistics operator.
It remains to be seen how Cma Cgm could integrate FedEx Supply Chain into Ceva Logistics’ existing North American network, which includes the former Ingram Micro operations. Any operational merger between the two structures would place a significant share of North America’s contract storage capacity under a single entity, in a market where Maersk has also expanded its presence: the Danish group opened new logistics hubs in New Jersey at the end of 2025 to serve the contract logistics segment in an integrated way with its maritime services. This consolidation of North American warehousing in the hands of two European shipping carriers could attract the attention of the US antitrust authorities. There could also be a reaction from US transport unions, starting with the Teamsters: any integration between the Ceva and FedEx Supply Chain networks, involving more than 4,000 direct employees, carries the risk of redundancies or contractual changes under French-controlled management.
