<p data-path-to-node="2" id="p-rc_df78597fc28fa91c-184"><span data-path-to-node="2,0"><b data-path-to-node="2,0" data-index-in-node="0">MARSEILLE / MEMPHIS —</b> In a definitive milestone for global transport consolidation, French ocean shipping and logistics conglomerate CMA CGM Group has officially completed its acquisition of FedEx Supply Chain from FedEx Corp at an enterprise valuation of $1.4 billion</span><span data-path-to-node="2,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="2,2">. The finalization follows the satisfaction of customary regulatory closing conditions and antitrust approvals across North America and Europe, formally transferring the contract logistics operations into CMA CGM's dedicated 3PL subsidiary, CEVA Logistics</span><span data-path-to-node="2,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="2,4">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2491616118=""><!----></sources-carousel-inline></p><p data-path-to-node="3" id="p-rc_df78597fc28fa91c-185"><span data-path-to-node="3,0">The completed transaction reshapes CEVA Logistics’ footprint across North America, nearly tripling the scale of its regional contract logistics business</span><span data-path-to-node="3,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="3,2">. The acquisition integrates approximately 34 million square feet of advanced warehousing and fulfillment space across roughly 150 facilities throughout the United States and Canada, bringing nearly 10,000 experienced supply chain professionals into the organization</span><span data-path-to-node="3,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="3,4">. With this integration, CEVA’s total North American operational infrastructure expands to more than 240 operating locations supported by a combined workforce of approximately 20,000 personnel, securing its position as a top-five global logistics provider</span><span data-path-to-node="3,5"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="3,6">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2491616118=""><!----></sources-carousel-inline></p><p data-path-to-node="4" id="p-rc_df78597fc28fa91c-186"><span data-path-to-node="4,0">FedEx Supply Chain—historically built upon the legacy of Genco before its acquisition by FedEx in 2015—contributes substantial domain expertise in high-velocity retail fulfillment, automated reverse logistics, and complex product returns management</span><span data-path-to-node="4,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="4,2">. By absorbing these assets, CEVA Logistics gains immediate operating scale across critical commercial verticals, including healthcare distribution, consumer technology, telecommunications, retail apparel, and industrial replacement parts</span><span data-path-to-node="4,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="4,4">. Furthermore, the combined operational teams plan to accelerate the deployment of robotics, autonomous mobile robots (AMRs), and automated storage and retrieval systems (ASRS) across the newly unified warehouse network to drive fulfillment throughput</span><span data-path-to-node="4,5"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="4,6">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2491616118=""><!----></sources-carousel-inline></p><p data-path-to-node="5" id="p-rc_df78597fc28fa91c-187"><span data-path-to-node="5,0">Alongside the equity transfer, CMA CGM and FedEx have enacted strategic, multi-year commercial agreements bridging intercontinental ocean shipping and air cargo logistics through 2028</span><span data-path-to-node="5,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="5,2">:</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2491616118=""><!----></sources-carousel-inline></p><ul data-path-to-node="6"><li><p data-path-to-node="6,0,0" id="p-rc_df78597fc28fa91c-188"><span data-path-to-node="6,0,0,0"><b data-path-to-node="6,0,0,0" data-index-in-node="0">Ocean Freight Allocation:</b> CMA CGM assumes the role of a preferred—though non-exclusive—ocean carrier provider for FedEx, enabling the parcel delivery giant to route containerized shipments directly through CMA CGM’s global liner loops and deep-sea services</span><span data-path-to-node="6,0,0,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="6,0,0,2">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2491616118=""><!----></sources-carousel-inline></p></li><li><p data-path-to-node="6,1,0" id="p-rc_df78597fc28fa91c-189"><span data-path-to-node="6,1,0,0"><b data-path-to-node="6,1,0,0" data-index-in-node="0">Air Cargo Joint Optimization:</b> CMA CGM Air Cargo and FedEx will collaborate on shared freighter capacity across primary long-haul corridors, particularly Transpacific and Asia–Europe trade lanes, maximizing fleet aircraft load factors and offering flexible main-deck lift for international cargo forwarders</span><span data-path-to-node="6,1,0,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="6,1,0,2">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2491616118=""><!----></sources-carousel-inline></p></li><li><p data-path-to-node="6,2,0" id="p-rc_df78597fc28fa91c-190"><span data-path-to-node="6,2,0,0"><b data-path-to-node="6,2,0,0" data-index-in-node="0">Integrated Multimodal Pipelines:</b> The joint commercial framework establishes seamless handshakes between deep-sea maritime transport, domestic bonded rail corridors, and FedEx’s extensive North American ground distribution grid</span><span data-path-to-node="6,2,0,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="6,2,0,2">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2491616118=""><!----></sources-carousel-inline></p></li></ul><p data-path-to-node="7" id="p-rc_df78597fc28fa91c-191"><span data-path-to-node="7,0">For Memphis-based FedEx, the completed divestment represents an important execution milestone in its DRIVE transformation agenda directed by President and CEO Raj Subramaniam</span><span data-path-to-node="7,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="7,2">. Shedding the capital-intensive contract logistics unit allows FedEx to streamline its corporate portfolio, sharpen capital allocation, and concentrate enterprise resources on its core parcel transportation network and high-margin specialized transport sectors, including healthcare cold chains, automotive assemblies, aerospace logistics, and artificial intelligence data center logistics</span><span data-path-to-node="7,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="7,4">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2491616118=""><!----></sources-carousel-inline></p><p data-path-to-node="8" id="p-rc_df78597fc28fa91c-192"><span data-path-to-node="8,0">For Marseille-based CMA CGM, directed by Chairman and CEO Rodolphe Saadé, the acquisition cements an aggressive multi-year strategy to diversify beyond cyclical maritime shipping rates</span><span data-path-to-node="8,1"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="8,2">. By reinvesting container liner earnings into critical landside supply chain infrastructure—mirroring previous additions such as CEVA Logistics, Ingram Micro CLS, GEFCO, and Bolloré Logistics—CMA CGM is establishing an integrated end-to-end logistics platform</span><span data-path-to-node="8,3"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="8,4">. The acquisition provides global enterprise shippers with unified supply chain visibility, connecting overseas factory production directly to dockside vessel holds, inland distribution centers, and last-mile retail shelves</span><span data-path-to-node="8,5"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c3311948484="" class="ng-star-inserted"><sup _ngcontent-ng-c3311948484="" class="superscript"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="8,6">.</span></p>