CMA CGM Group announced an agreement where it will acquire FedEx Supply Chain at an enterprise value of $1.4 billion ...

PARIS, July 1 (Reuters) - CMA CGM has agreed to buy FedEx's third-party logistics business for an enterprise value of $1.4 ...

Once the deal for FedEx Supply Chain is complete, the two companies also plan to solidify multiyear ocean and air freight agreements.

FedEx Supply Chain will be sold to CMA CGM Group, a French-based shipping and logistics company, pending regulatory approvals.

CMA CGM Group said the acquisition will triple the size of its own logistics arm, CEVA Logistics, and help build its presence as a contract logistics provider in North America.

The deal would nearly triple the size of CEVA Logistics' North American contract logistics operations and includes multiyear ...

The deal nearly triples the North American contract logistics operations of CMA CGM’s subsidiary, CEVA Logistics, placing it among the continent’s top third-party logistics providers.

French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics ...

FedEx Corp. said it agreed to sell a supply chain subsidiary to French container shipping company CMA CGM Group in a deal ...

The transaction, announced July 1, would nearly triple the North American contract logistics operations of Ceva Logistics, CMA CGM’s logistics subsidiary.

Preview this article 1 min FedEx previously acquired the subsidiary for the same price in 2015. FedEx files $288M permit for airport expansion FedEx pilots approve new contract after long negotiation ...

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