FedEx completes $1.4B Supply Chain sale to CMA CGM

FedEx said on October 1, 2026 that it has completed the sale of FedEx Supply Chain to CMA CGM Group for an enterprise value of $1.4 billion, sealing a deal the parties announced on July 1.

FedEx closed the sale of its FedEx Supply Chain unit to CMA CGM Group on October 1, 2026 — a sealed Completes announcement, not another pending-deal update.

Completes on October 1

FedEx Corp. (NYSE: FDX) said on Oct. 1, 2026 that it has completed the sale of FedEx Supply Chain, a FedEx subsidiary, to CMA CGM Group for an enterprise value of $1.4 billion. The Completes release is posted on FedEx investor relations and the FedEx newsroom. President and CEO Raj Subramaniam framed the close as continued progress on FedEx’s strategy to simplify its portfolio, sharpen focus, and concentrate resources where the company is best positioned to create long-term value, while thanking FedEx Supply Chain team members as they move to CEVA Logistics and noting FedEx looks forward to continuing its relationship with CMA CGM.

The Completes release says the sale follows the announcement of the transaction on July 1, 2026.

What CMA CGM’s Completes adds

CMA CGM Group’s Oct. 1 Completes release corroborates the close at an enterprise value of $1.4 billion and says the business will expand CEVA Logistics’ North American contract logistics operations. CMA CGM says the acquisition brings nearly 10,000 team members and adds approximately 34 million square feet of warehouse space, tripling CEVA’s North American logistics footprint; the combined business operates approximately 150 warehouses, expanding CEVA’s North America presence to more than 240 locations with a workforce of approximately 20,000 people. In parallel, CMA CGM and FedEx enter multi-year commercial agreements on air and ocean freight, including CMA CGM becoming a preferred ocean carrier for FedEx under a non-exclusive agreement and planned collaboration on air cargo capacity on key routes such as Asia-Europe.

What the July 2026 agreement set

The Completes releases confirm closing and restate the $1.4 billion enterprise value. That same enterprise value was disclosed when the parties announced the agreement on July 1, 2026 (FedEx newsroom / CMA CGM), with closing then expected in 2026 subject to customary regulatory approvals — now sealed by the October 1 Completes.

Readers should keep the layers straight: October 1 Completes seals consummation and restates the $1.4 billion enterprise value; July 1 is the agreement announcement and expected-close context.

Why the close matters

A Completes release on October 1 turns the previously announced FedEx Supply Chain sale into a sealed close for a sizable public-issuer logistics disposition whose Completes and announce enterprise value is $1.4 billion, while pairing the exit with multi-year ocean and air commercial ties between FedEx and CMA CGM.

Sources & evidence

- FedEx Completes Sale of FedEx Supply Chain to CMA CGM Group (FedEx IR; Oct. 1, 2026) — enterprise value $1.4 billion — https://investors.fedex.com/news-and-events/investor-news/investor-news-details/2026/FedEx-Completes-Sale-of-FedEx-Supply-Chain-to-CMA-CGM-Group/default.aspx - FedEx Completes Sale of FedEx Supply Chain to CMA CGM Group (FedEx newsroom; Oct. 1, 2026) — https://newsroom.fedex.com/fedex-completes-sale-of-fedex-supply-chain-to-cma-cgm-group - CMA CGM Group completes acquisition of FedEx Supply Chain (CMA CGM; Oct. 1, 2026) — $1.4 billion EV; CEVA North America footprint; multi-year ocean/air agreements — https://www.cmacgm-group.com/en/news-media/cma-cgm-group-completes-acquisition-fedex-supply-chain-strengthening-its-logistics - CMA CGM Group to Acquire FedEx Supply Chain at an Enterprise Value of $1.4 billion (FedEx newsroom announce; July 1, 2026) — https://newsroom.fedex.com/newsroom/global-english/cma-cgm-group-to-acquire-fedex-supply-chain-at-an-enterprise-value-of-1-4-billion-strengthening-its-logistics-presence-in-north-america - CMA CGM Group to Acquire FedEx Supply Chain at an Enterprise Value of $1.4 billion (CMA CGM announce; July 1, 2026) — https://www.cmacgm-group.com/en/news-media/cma-cgm-group-acquire-fedex-supply-chain-strengthening-logistics-presence-north-america