CMA CGM ups airfreight capabilities with completion of FedEx Supply Chain acquisition

The CMA CGM Group has announced the successful closing of its acquisition of FedEx Supply Chain at an enterprise value of $1.4bn.

With the completion of the acquisition, first announced in July, the CMA CGM Group and FedEx have entered into multi-year commercial agreements related to air and ocean freight with the goal of unlocking broader global collaboration.

The two companies plan to “collaborate on an air cargo capacity agreement on key strategic routes, including Asia-Europe”, said the CMA CGM Group.

“This will strengthen their respective global networks, improving aircraft utilization and providing greater flexibility on long-haul routes,” it added.

CMA CGM will also become a preferred ocean carrier for FedEx, offering transport and carrier services under a non-exclusive agreement.

These initiatives are expected to further reinforce CMA CGM’s capabilities as an integrated logistics solutions provider across ocean, air and land.

As of 31 May 2025, Federal Express’s global fleet totalled 698 freighters, while, according to Planespotters, CMA CGM Air Cargo has five Boeing 777Fs and one Airbus A330-200F.

Contract logistics giant

With the integration of FedEx Supply Chain’s assets and nearly 10,000 team members, CMA CGM subsidiary CEVA Logistics is now one of North America’s biggest contract logistics providers.

This acquisition triples the north American logistics footprint of CEVA Logistics, adding approximately 34m sq ft of warehouse space.

The combined business operates approximately 150 warehouses, expanding CEVA’s presence in North America to more than 240 locations with a workforce of approximately 20,000 people.

Now that it is complete, the acquisition also advances the Group’s strategy to provide comprehensive end-to-end logistics solutions spanning ocean shipping, terminals, inland transport, warehousing and value-added logistics.

Beyond physical footprint, the acquisition combines complementary digital and operational capabilities, accelerating the deployment of automation and robotics across the North American network.

It also deepens CEVA’s sector expertise in healthcare, technology, consumer and retail, enhancing its ability to manage complex, end-to-end supply chains across the United States and Canada.

Rodolphe Saadé, chairman and chief executive of the CMA CGM Group, stated: “The completion of this acquisition marks an important step in the development of CMA CGM and CEVA Logistics in North America.

“By significantly expanding our contract logistics capabilities, we are strengthening our ability to offer customers integrated, end-to-end supply chain solutions across ocean, air, land and logistics.

“It also reinforces CMA CGM’s long-term commitment to investing in the United States, a strategic growth market for the Group, and supporting the resilience and efficiency of its supply chain.”