- Latest milestone advancing ongoing portfolio simplification and strategic transformation
- Sharpens focus on core strengths to deliver long-term value
MEMPHIS, Tenn., Oct. 1, 2026 — FedEx Corp. (NYSE: FDX) today announced the completion of its sale of FedEx Supply Chain, a subsidiary of FedEx Corp., to CMA CGM Group for an enterprise value of $1.4 billion.
The transaction represents another important step in the ongoing transformation of FedEx, advancing its strategy to simplify its portfolio, sharpen its focus, and concentrate resources on the areas where the company is best positioned to create long-term value.
“Today’s milestone demonstrates the continued progress we are making to execute our strategy with rigor and discipline,” said Raj Subramaniam, president and chief executive officer of FedEx. “We are building a more focused FedEx, centered on the differentiated capabilities that have made our unparalleled network essential to global commerce. As we continue to strengthen our core transportation network and deepen our reach across high-value verticals, FedEx is simultaneously creating value for our customers and stockholders.”
Subramaniam added: “I want to thank our FedEx Supply Chain team members for their many contributions to FedEx and our customers over the years. We wish them success as they begin their next chapter with CEVA Logistics, and we look forward to continuing our relationship with CMA CGM.”
The sale follows the announcement of the transaction on July 1, 2026.
For additional information regarding the transaction, please refer to CMA CGM’s announcement HERE.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, ecommerce, and business services. With annual revenue of $86 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 450,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this press release may be considered forward-looking statements, such as statements regarding FedEx’s ongoing transformation. Forward-looking statements include those preceded by, followed by or that include the words “will,” “may,” “could,” “would,” “should,” “believes,” “expects,” “forecasts,” “anticipates,” “plans,” “estimates,” “targets,” “projects,” “intends,” “determined to,” or similar expressions. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions in the global markets in which FedEx operates; uncertainty and additional volatility in the global trade environment; FedEx’s ability to successfully implement its business strategies and global transformation program and network optimization initiatives, including Network 2.0 and Tricolor, effectively respond to changes in market dynamics, and achieve the anticipated benefits of such strategies and actions; and other factors which can be found in FedEx’s and its subsidiaries’ press releases and FedEx’s filings with the Securities and Exchange Commission, including FedEx’s Annual Report on Form 10-K for the fiscal year ended May 31, 2026. Any forward-looking statement speaks only as of the date on which it is made. FedEx does not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.