
CMA CGM Buys FedEx Supply Chain for $1.4B, Triples Warehouse Footprint
French ocean carrier acquires FedEx's contract logistics arm, adding 80 warehouses and 10,000 workers to its North American 3PL subsidiary Ceva.
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French ocean carrier acquires FedEx's contract logistics arm, adding 80 warehouses and 10,000 workers to its North American 3PL subsidiary Ceva.

The deal adds 5 million square feet of warehouse space across 17 states and a proprietary WMS to DQS's growing transportation platform.