French container shipping company CMA CGM is reportedly close to a $1.4 billion cash deal to purchase FedEx's third-party logistics division, FedEx Supply Chain. This move would allow CMA CGM to diversify into air freight and logistics, strengthening its Ceva logistics unit.
For FedEx, this sale represents a strategic divestment to re-focus on its core air and ground delivery network. FedEx Supply Chain specializes in order fulfillment and product returns for major retail chains. This potential deal follows FedEx's recent spin-off of its trucking division, FedEx Freight, and comes amidst reduced demand for delivery services due to changing U.S. trade policies and tariffs, including the end of duty-free low-value e-commerce from China.
News of the impending deal led to a 3.7% decline in FedEx's (FDX) shares during Wednesday's pre-market session, opening at $313.44. This occurred despite FedEx reporting strong Q4 FY2026 financial results on June 23, with earnings per share of $6.31, surpassing projections by $0.40, and total revenue reaching $25.01 billion, a 12.5% annual increase.
