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CMA CGM and FedEx said they also expect to enter into ocean and air commercial agreements to support their respective strategies.
Marseille, France-based global container shipping company CMA CGM said yesterday it has entered into an agreement to acquire FedEx Supply Chain, the logistics subsidiary of Memphis...
CMA CGM is reportedly nearing a $1.4 billion acquisition of FedEx Supply Chain, a deal that would significantly expand its North American contract logistics business.
The CMA CGM Group today announced an agreement to acquire FedEx Supply Chain, a subsidiary of FedEx Corp, at an enterprise value of $1.4 billion. The acquisition, expected to close...
The takeover means CMA CGM subsidiary CEVA Logistics will become one of the top contract logistics providers in North America.
The CMA CGM Group has agreed to acquire FedEx Supply Chain, a subsidiary of FedEx Corp., in a deal valued at US$1.4 billion. The acquisition will significantly expand the North Ame...
Once the deal for FedEx Supply Chain is complete, the two companies also plan to solidify multiyear ocean and air freight agreements.
The transaction, announced July 1, would nearly triple the North American contract logistics operations of Ceva Logistics, CMA CGM’s logistics subsidiary.
CMA CGM is reportedly nearing a $1.4 billion acquisition of FedEx Supply Chain, a move that would expand its U.S. logistics business.
CMA CGM, like other major shipping carriers, is continuing its efforts to transform its business into an integrated shipping and logistics operation....
FedEx is selling off its supply chain services division to CMA CGM, which will fold the business into its Ceva Logistics subsidiary. The post FedEx sells supply chain unit to CMA C...
CMA CGM has signed a preliminary agreement to acquire maintenance provider Crystal Aero Solutions for an undisclosed sum, and also agreed to buy FedEx Supply Chain for a total valu...
When CMA CGM announced its $1.4bn acquisition of FedEx Supply Chain, most attention focused on the contract logistics business changing hands. But tucked into the announcement was...
(Being updated) Happy Wednesdays! Out y’day (30 June) on Premium‘s DeskOne under ‘Market, M&A’, in case you missed it: “Just as Patrick Moebel prepares to take the helm at Ceva...
A global logistics company headquartered in Marseille, France, will acquire FedEx Supply Chain in a move expected to “nearly triple the size of the North American contract logistic...
[Editor’s note: the original missive from the CMA CGM boss was written in French. Also, for more information about the latest managerial changes at Ceva Logistics, check out DeskOn...
The CMA CGM Group has completed the acquisition of FATTAL GROUP through its subsidiary CEVA Logistics. The transaction follows the agreement announced in April. Moreover, it suppor...
Patrick Moebel, who spent years running FedEx Logistics and Geodis’s North American business, was named CEO of Ceva Logistics on Wednesday. The post CMA CGM hires FedEx executive M...
FedEx's sale of its supply chain business may have limited immediate impact, but experts say it represents a key step in the company’s transformation strategy.
As it becomes a standalone company, the largest US LTL provider seeks to leapfrog legacy technologies that are focused more on packages and parcels.
CMA CGM appears poised to expand its footprint in rail freight with the acquisition of up to 49% of French state railway SNCF’s holding company in the sector, Rail Logistics Europe...
The LTL carrier has its sights set on gaining market share in the healthcare, grocery and technology markets as an independent company.
FedEx Freight is pursuing new business in sectors including data center infrastructure, grocery and healthcare to chart its future as a newly independent company.
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