CMA CGM buys FedEx logistics arm in $1.4bn US push

French liner and logistics giant CMA CGM has agreed to acquire FedEx Supply Chain in a $1.4bn deal, adding another large bolt-on to its CEVA Logistics platform. The deal will give the Marseille-based group a much bigger contract logistics footprint in North America, a market it has been targeting as part of its push beyond … Read full article →