CMA CGM Group to Acquire FedEx Supply Chain at an Enterprise Value of $1.4 billion, Strengthening Its Logistics Presence in North America

Loco News Bureau: The acquisition reinforces CMA CGM’s more than 25-year commitment and investment in the United States supply chain and accelerates its strategy to provide comprehensive end-to-end logistics solutions. By integrating FedEx Supply Chain’s assets and nearly 10,000 team members, CEVA Logistics will become a leading contract logistics provider in North America. The combined entity would operate approximately 150 warehouses, expanding CEVA’s overall presence in North America to a combined workforce of 20,000 people located at more than 240 locations. Read the full article......