FedEx completes $1.4 billion sale of FedEx Supply Chain to CMA CGM

FedEx closed the sale of its contract-logistics arm on Thursday, cashing out of FedEx Supply Chain for an enterprise value of $1.4 billion. In a company newsroom release, FedEx Corp. said it completed the previously announced sale of the subsidiary to CMA CGM Group.

The deal is another step in what FedEx calls an ongoing effort to simplify its portfolio and concentrate resources where it sees the strongest long-term value. President and CEO Raj Subramaniam said the milestone shows progress executing that strategy "with rigor and discipline," pointing to a more focused FedEx built around its core transportation network.

FedEx said FedEx Supply Chain team members will begin their next chapter with CEVA Logistics, CMA CGM's logistics business, and that the companies expect to continue a commercial relationship. The sale follows the announcement of the transaction on July 1, 2026.

Shares of FedEx were trading near $286.40 Thursday afternoon, up about 2.5% on the day and up roughly 21% year to date.

By the numbers

• Enterprise value: $1.4 billion
• Buyer: CMA CGM Group
• Asset sold: FedEx Supply Chain (FedEx subsidiary)
• Original deal announcement: July 1, 2026
• Closing announcement: Oct. 1, 2026

Sources

1. FedEx Corp. newsroom release, "FedEx Completes Sale of FedEx Supply Chain to CMA CGM Group," dated Oct. 1, 2026

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