FedEx Completes Sale of FedEx Supply Chain to CMA CGM Group for $1.4 Billion

AI-generated NewsSnap summary based on source reporting.
Published: 2026-10-01
Category: business
Source: FedEx Corp. Newsroom

FedEx Corp. (NYSE: FDX) announced the completion of its previously announced sale of FedEx Supply Chain, a subsidiary, to CMA CGM Group for an enterprise value of $1.4 billion. This transaction is part of FedEx's strategy to simplify its portfolio and focus on core transportation networks.

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