Event Brief
Jul 1, 2026 at 10:06 AM ET
FedEx to sell logistics unit to CMA CGM for $1.4bn
By The BriefBrief
FedEx agreed to sell its logistics unit to CMA CGM in a $1.4 billion deal.
WHO: FedEx and CMA CGM
WHAT: FedEx struck a $1.4 billion deal to sell its logistics unit to CMA CGM.
WHEN: Jul 1, 2026 at 9:51 AM ET
WHERE: USA
WHY: CMA CGM aims to expand in the US and strengthen its supply chain foothold.
Reporting from 1 identified publisher for this event.
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How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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