CMA CGM to buy FedEx third-party logistics arm in $1.4 billion deal

CMA CGM has reached an agreement to acquire the third-party logistics and supply chain arm of FedEx. The deal is valued at $1.4 billion, marking a significant transaction between the two companies. This acquisition allows CMA CGM to integrate FedEx's specialized supply chain unit into its existing operations. The transaction focuses on the transfer of the logistics division to enhance the strategic capabilities of CMA CGM within the global shipping and logistics industry.