<p data-path-to-node="5" id="p-rc_52b2af49c6dc390d-31" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="5" data-index-in-node="0" style="line-height: 1.15 !important;">MARSEILLE, France / MEMPHIS, USA</b><span class="citation-37 citation-end-37" style="line-height: 1.15 !important;"> — In a move that significantly reshapes the landscape of transatlantic trade and contract logistics, the CMA CGM Group has officially finalized a definitive agreement to acquire FedEx Supply Chain, the third-party logistics (3PL) subsidiary of FedEx Corp, at an enterprise value of $1.4 billion.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="1" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1156849253="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1156849253="" _nghost-ng-c1119523287="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><h3 data-path-to-node="6" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>Tripling CEVA’s North American Footprint</b></h3><p data-path-to-node="7" id="p-rc_52b2af49c6dc390d-32" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-36 citation-end-36" style="line-height: 1.15 !important;">The high-profile cross-border transaction, expected to close entirely within the coming months pending customary regulatory clearances, will be seamlessly integrated under CMA CGM's dedicated logistics arm, CEVA Logistics.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="2" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-35 citation-end-35" style="line-height: 1.15 !important;">Shippers and retail sourcing team leads emphasize that the strategic buyout will nearly triple the size of CEVA’s contract logistics operations across North America.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="3" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1156849253="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1156849253="" _nghost-ng-c1119523287="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="8" id="p-rc_52b2af49c6dc390d-33" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-34 citation-end-34" style="line-height: 1.15 !important;">FedEx Supply Chain—previously known as Genco before its acquisition by FedEx in 2015—brings a massive warehousing, distribution, and fulfillment network to the table.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="4" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-33 citation-end-33" style="line-height: 1.15 !important;">Upon completion, the unified operation will integrate nearly 10,000 professional supply chain staff and manage approximately 150 contract logistics warehouses.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="5" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-32 citation-end-32" style="line-height: 1.15 !important;">This scales CEVA's total North American presence to an authoritative 20,000-person workforce deployed across more than 240 specialized fulfillment locations.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="6" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1156849253="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1156849253="" _nghost-ng-c1119523287="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><h3 data-path-to-node="9" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>A New Model of Joint Commercial Ties</b></h3><p data-path-to-node="10" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Crucially, the $1.4 billion transaction is accompanied by a sweeping, multi-year commercial framework bridging sea, land, and air operations between CMA CGM and FedEx, blueprinted to roll out in progressive phases through 2028:</p><ul data-path-to-node="11" style="padding-inline-start: 32px; font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><li style="line-height: 1.15 !important;"><p data-path-to-node="11,0,0" id="p-rc_52b2af49c6dc390d-34" style="line-height: 1.15 !important;"><b data-path-to-node="11,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Ocean Freight Sourcing:</b><span class="citation-31 citation-end-31" style="line-height: 1.15 !important;"> CMA CGM will become a preferred—though non-exclusive—ocean carrier provider for FedEx, allowing the parcel giant to directly leverage CMA CGM's high-capacity global liner network.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="7" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1156849253="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1156849253="" _nghost-ng-c1119523287="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="11,1,0" id="p-rc_52b2af49c6dc390d-35" style="line-height: 1.15 !important;"><span class="citation-30" style="line-height: 1.15 !important;"></span><b data-path-to-node="11,1,0" data-index-in-node="0" style="line-height: 1.15 !important;">Air Capacity Optimization:</b><span class="citation-30 citation-end-30" style="line-height: 1.15 !important;"> The two conglomerates plan to aggressively collaborate on select air cargo capacity solutions, maximizing fleet aircraft utilization and offering more adaptable long-haul capacity options for international freight forwarders.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="8" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1156849253="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1156849253="" _nghost-ng-c1119523287="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="11,2,0" id="p-rc_52b2af49c6dc390d-36" style="line-height: 1.15 !important;"><span class="citation-29" style="line-height: 1.15 !important;"></span><b data-path-to-node="11,2,0" data-index-in-node="0" style="line-height: 1.15 !important;">Macro Revenue Pressure Valve:</b><span class="citation-29 citation-end-29" style="line-height: 1.15 !important;"> According to banking insiders close to the negotiations, these commercial partnerships are projected to generate upwards of $3.5 billion in additional revenue for CMA CGM over the next ten years.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="9" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1156849253="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1156849253="" _nghost-ng-c1119523287="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li></ul><p data-path-to-node="12" id="p-rc_52b2af49c6dc390d-37" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-28 citation-end-28" style="line-height: 1.15 !important;">"The acquisition and partnership with FedEx represent a major step in the development of CEVA Logistics and our broader footprint in North America," stated Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="10" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> "We are deeply strengthening our ability to provide downstream customers with unified supply chain solutions while supporting the efficiency of the United States supply network."<sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1156849253="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1156849253="" _nghost-ng-c1119523287="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><h3 data-path-to-node="13" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>Diversification and Consolidation in the Post-Crisis Era</b></h3><p data-path-to-node="14" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">For Memphis-based FedEx, shedding its third-party fulfillment arm fits perfectly into an ongoing strategic review led by President and CEO Raj Subramaniam to streamline the portfolio and maximize returns on high-value corporate verticals, including healthcare, automotive, aerospace, and data centers.</p><p data-path-to-node="15" id="p-rc_52b2af49c6dc390d-38" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Conversely, for Marseille-based CMA CGM, this landmark acquisition marks another major milestone in its aggressive post-crisis strategy to diversify past core container shipping lanes. <span class="citation-27 citation-end-27" style="line-height: 1.15 !important;">Since taking management of CEVA in 2019, the group has steadily absorbed tech and freight operations, including Ingram Micro's CLS division, GEFCO, and Bolloré Logistics.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c3705940327="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c3705940327="" class="superscript" data-turn-source-index="11" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> By turning erratic, highly cyclical ocean earnings into dependable, automated end-to-end global land solutions, ocean transport titans are actively insulating themselves from spot market volatility while locking down direct access to multinational supply grids heading into the late peak summer shipping season.</p>