FedEx Signs $300 Million Electric Truck Deal with Harbinger

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.

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.

Harbinger, an electric truckmaker, secured a $300M order from FedEx for 2,000 electric trucks, one of the largest of its kind. Delivery is expected by the end of 2027. FedEx aims to replace legacy vehicles in its US and Canada operations, with Harbinger estimating annual fuel savings of $20,000 per truck.