CMA CGM completes $1.4bn FedEx Supply Chain takeover

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CMA CGM has completed its $1.4 billion acquisition of FedEx Supply Chain, the contract logistics business of FedEx. The business is expected to be integrated into Ceva, CMA CGM’s contract logistics arm.

CMA CGM announced today that it has completed its $1.4bn takeover of FedEx’s contract logistics business, FedEx Supply Chain, which is set to be folded into the shipping line’s contract logistics arm Ceva. The post CMA CGM completes $1.4bn FedEx Supply Chain takeover appeared first on The Loadstar.