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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...
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...
FedEx Corp. (NYSE: FDX) announced the launch of FedEx Life Sciences, a dedicated organization created to support the increasingly complex movement of pharmaceuticals, medical devic...
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...
FedEx Corp have announced the launch of FedEx Life Sciences, a dedicated organisation created to support the increasingly complex movement of pharmaceuticals, medical devices, biol...
Once the deal for FedEx Supply Chain is complete, the two companies also plan to solidify multiyear ocean and air freight agreements.
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.
FedEx has launched a life sciences division, building on its healthcare logistics infrastructure to provide more end-to-end services. The post New FedEx life sciences unit integra...
CMA CGM is reportedly nearing a $1.4 billion acquisition of FedEx Supply Chain, a move that would expand its U.S. logistics business.
The transaction, announced July 1, would nearly triple the North American contract logistics operations of Ceva Logistics, CMA CGM’s logistics subsidiary.
FedEx today launched a dedicated life sciences division, as the pharmaceutical industry moves towards increasingly complex therapies that require faster, more specialised logistics...
The takeover means CMA CGM subsidiary CEVA Logistics will become one of the top contract logistics providers in North America.
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.
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...
CEO John Smith said the potential of Memphis, Tenn.-based FedEx Freight would only now be truly unleashed.
CMA CGM, like other major shipping carriers, is continuing its efforts to transform its business into an integrated shipping and logistics operation....
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...
The new organization supporting healthcare and pharmaceutical services fuels efforts to grow high-value customer segments as less-lucrative volume declines.
Federal Express Corporation (“FedEx”), the world's largest express transportation company, has been recognized among India's Best Companies to Work For 2026 by the Great Plac...
The partnership with China Southern Air Logistics could make Guangzhou a key connection for U.S. shipments to Southeast Asia, Cirrus Global Advisors founder Derek Lossing said.
FedEx Freight says its post-spin-off strategy centers on technology, new sales hires and expanding into higher-growth freight markets.
As it becomes a standalone company, the largest US LTL provider seeks to leapfrog legacy technologies that are focused more on packages and parcels.
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