HomeCMA CGM Completes $1.4B FedEx Supply Chain Acquisition, Nearly Tripling CEVA’s North American Footprint

CMA CGM Completes $1.4B FedEx Supply Chain Acquisition, Nearly Tripling CEVA’s North American Footprint

October 5, 2026

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CMA CGM Group completed its acquisition of FedEx Supply Chain on October 1 at an enterprise value of $1.4 billion, transferring the contract-logistics business into CEVA Logistics. The transaction adds approximately 34 million square feet of warehouse space and nearly 10,000 employees, bringing CEVA’s North American network to approximately 150 warehouses, more than 240 total locations and about 20,000 employees. CMA CGM and FedEx also entered multi-year commercial agreements under which CMA CGM becomes a preferred but non-exclusive ocean carrier for FedEx, while the companies plan air-cargo capacity cooperation on strategic routes including Asia-Europe.

CMA CGM + CEVA Logistics · October 2026

A Container Carrier Just Added 34 Million Square Feet of North American Warehousing

$1.4B enterprise value

FedEx Supply Chain is now part of CMA CGM's CEVA Logistics subsidiary, substantially expanding the group's ability to control cargo after it leaves the ship, terminal or airport.

The physical network added
FedEx Supply Chain contributes both warehouse infrastructure and operating teams across the United States and Canada.
Warehouse space added 34M sq ft
Employees joining CEVA ~10,000
Combined Warehouses ~150
Dedicated warehouse facilities across the combined North American contract-logistics operation.
CEVA North America Locations 240+
Includes a broader network than warehouses alone.
Combined Workforce ~20,000
Approximate North American CEVA workforce after the transaction.
Footprint Change ~3×
CMA CGM says CEVA's North American contract-logistics footprint nearly triples.
Closing Date Oct. 1
The transaction was first announced on July 1 and completed three months later.
Ocean Freight Agreement Preferred, Not Exclusive
CMA CGM becomes a preferred ocean carrier for FedEx, but FedEx remains free to use competing ocean carriers. The announcement does not disclose a guaranteed cargo volume.
Air Cargo Cooperation Strategic Capacity Sharing
The companies plan air-cargo capacity cooperation on selected long-haul routes, including Asia-Europe, aimed at improving aircraft utilization and network flexibility.
From Liner Company to Logistics System

CMA CGM Is Building Around the Container, Not Just Carrying It

The strategic model increasingly connects the ocean voyage with the port, aircraft, warehouse, inland move, fulfillment process and final delivery rather than treating each segment as a separate business.

Ocean
CMA CGM container shipping + APL U.S.-flag operations
Terminals
Port terminals and cargo handling at major global gateways
Air
CMA CGM Air Cargo + planned FedEx capacity cooperation
Warehousing
CEVA contract logistics + FedEx Supply Chain's 34M sq ft
Distribution
Inland transport, e-commerce fulfillment and last-mile capabilities
2019 CEVA Logistics
CMA CGM makes CEVA a wholly owned subsidiary and establishes logistics as a second major operating pillar.
2022 Ingram Micro CLS
$3 billion transaction adds e-commerce, omnichannel fulfillment and major U.S. contract-logistics capacity.
2022 GEFCO
Automotive and finished-vehicle logistics become a much larger part of CEVA's capabilities.
2024 Bolloré Logistics
Major expansion of freight-management expertise and global air and ocean forwarding.
2026 Fagioli Group
Adds global project-logistics and heavy-lift expertise.
Oct. 2026 FedEx Supply Chain
North American contract-logistics footprint nearly triples.
CMA CGM Logistics Revenue · 2025 $18.3B
Contract logistics delivered higher revenue and profitability during 2025 even as freight-management markets remained difficult.
Q2 2026 Logistics Revenue $5.0B
Logistics revenue increased 8.5% year over year, although EBITDA declined 15.4% to $388 million as forwarding and automotive markets pressured margins.
U.S. Investment Program $20B / 4 Years
CMA CGM announced the broader U.S. investment commitment in March 2025.
U.S. Containers 5M+ / Year
The group says it transports more than five million containers to and from the United States annually.
Planned U.S. Assets Ports + Air + Warehouses
The investment program includes terminals, logistics platforms, air cargo and automation infrastructure.
Ship Universe Logistics Network Tool

North American Footprint Expansion Analyzer

Use CMA CGM's reported acquisition figures to estimate the implied scale of CEVA's North American warehouse network before and after the FedEx Supply Chain transaction.

M sq ft
× pre-deal
CMA CGM describes the transaction as nearly tripling / tripling the North American contract-logistics footprint. This input lets you adjust that approximation.
warehouses
locations
employees
employees
Official wording is "nearly 10,000"; 10,000 is used here as a rounded modeling assumption.
Implied Post-Deal Warehouse Footprint 51.0M modeled from added square footage and the entered footprint multiple
Implied Pre-Deal Footprint 17.0M derived estimate, not a separately reported CEVA figure
Average Space Per Warehouse 340K modeled square feet per warehouse using the combined facility count
Employees Per Location 83 combined workforce divided by the entered North American location count
Implied Pre-Deal Workforce 10,000 combined workforce less the modeled workforce acquired
Added Space Share 66.7% acquisition-added square footage as a share of modeled post-deal footprint
Warehouse Footprint Before vs After
The pre-deal square-foot estimate is mathematically inferred from CMA CGM's statement that the acquisition roughly triples CEVA's contract-logistics footprint.
Implied Pre-Deal CEVA 17.0M sq ft
FedEx Supply Chain Added 34.0M sq ft
Combined Workforce 20,000
Network Interpretation +200%
At an exact 3× footprint assumption, the transaction adds roughly twice CEVA's previously modeled North American contract-logistics area. Because the company's public wording is approximate, treat the result as a scale illustration rather than reported real-estate totals.
Warehouses 150
Locations 240+
Employees 20K
Added Area 34M
Important modeling note: CMA CGM publicly reports the 34 million square feet added and says the deal nearly triples or triples CEVA's North American contract-logistics footprint. It does not separately disclose an exact pre-transaction square-foot total in the acquisition announcement. The implied 17 million-square-foot baseline shown under the default 3× assumption is therefore derived, not a reported company figure.
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