FedEx sells supply chain unit to CMA CGM for $1.4B, nearly tripling CEVA's North American footprint FedEx is selling its contract logistics division to CMA CGM for $1.4 billion. This transaction is part of FedEx's strategy to hone its core strengths in parcel and freight delivery. The acquisition will significantly enhance CEVA Logistics' footprint in North America. This story was produced through MarketScale. See how Transportation teams put it to work with Partner & Channel Enablement. Key facts, context, and what it means, in one minute. Key takeaways FedEx sells its supply chain unit for $1.4 billion. CMA CGM aims to expand CEVA Logistics' presence in North America. The deal aligns with FedEx's focus on parcel and freight delivery. FedEx has agreed to sell its contract logistics division to CMA CGM for $1.4 billion in enterprise value, the companies announced Wednesday, marking the second major divestiture by the Memphis-based carrier in as many months. The deal, which is expected to close before the end of 2026, would nearly triple the North American contract logistics operations of CEVA Logistics, the third-party logistics subsidiary CMA CGM has been building into a global provider, according to FreightWaves. The combined entity would run roughly 150 warehouses across a workforce of about 20,000 people at more than 240 locations, per the official announcement. A calculated narrowing of FedEx's portfolio FedEx Supply Chain, which was formed through FedEx's 2015 acquisition of Genco Logistics, employs roughly 10,000 people across 80 facilities and manages around 34 million square feet of space for 130 customers, according to FreightWaves. Services span warehousing, fulfillment, contract packaging, returns processing, test and repair, and product liquidation. Despite that scope, the unit accounts for less than 2% of FedEx's consolidated annual revenue. The sale follows FedEx's spin-off of FedEx Freight, its less-than-truckload business, which