FedEx: Completes Sale of FedEx Supply Chain to CMA CGM Group

Ceva Logistics AG, a subsidiary of CMA CGM Group, completed the acquisition of FedEx Supply Chain Distribution System, Inc. from FedEx Corporation (FDX) for $1.4 billion on October 1, 2026. The deal nearly triples Ceva's North American contract logistics operations, adding 10,000 team members.

FedEx ordered 2,000 electric trucks from Harbinger for $300M, to be delivered by 2027. The trucks will replace conventional vehicles in U.S. and Canada operations, reducing fuel costs by $20,000 per year per truck, according to Harbinger.

FedEx ordered 2,000 electric trucks from Harbinger, a startup it invested in, for $300M. The trucks are expected to save $40M annually in fuel costs. FedEx aims for a fully electric fleet by 2040. European competitors like Volta Trucks and Tevva failed due to financial and infrastructure challenges.

FedEx Corp. is purchasing over 2,000 electric trucks from Harbinger, a California-based manufacturer, in a $300M+ deal. The transaction is noted as one of the largest orders for electric medium or heavy-duty trucks in history, according to Harbinger.

Harbinger, an electric truck manufacturer, received a $300 million order from FedEx for 2,000 electric trucks, set to deliver by 2027. The trucks aim to reduce fuel costs and CO2 emissions, supporting FedEx's goal of carbon-neutral operations by 2040. Harbinger estimates annual fuel savings of $40 million for the fleet. This follows a previous investment and purchase by FedEx.

CMA CGM Group completed its $1.4B acquisition of FedEx Supply Chain, expanding Ceva Logistics' North American operations. The deal adds 34M sq. ft. of warehouse space and 130 customers. FedEx (FDX) will focus on its core services, with CMA CGM becoming a preferred ocean carrier and collaborating on air cargo routes.