French Shipping Company CMA CGM Group to Buy FedEx’ Logistics Arm for $1.4B: French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics subsidiary of FedEx for $1.4 billion, as it works to expand in the U.S. CMA CGM Group said the acquisition will triple the size of its own logistics arm, CEVA Logistics and help build its presence as a contract logistics provider in North America #CMA_CGM #FedEx #Logistics #SupplyChain #Ecommerce
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