French container shipping giant CMA CGM Group said Wednesday it will acquire FedEx Supply Chain, the third-party logistics subsidiary of FedEx, for $1.4 billion as it works to expand its presence in the United States. The deal has significant implications for South Florida’s logistics and trade corridors, which serve as a gateway for Caribbean and Latin American commerce.

CMA CGM said the acquisition will triple the size of its own logistics arm, CEVA Logistics, and help build its presence as a contract logistics provider in North America. In 2025, CMA CGM pledged to invest $20 billion in its U.S. warehousing, air cargo, and logistics operations over four years, according to Associated Press reporting via Local 10.

“This acquisition will reinforce our long-term commitment to investing in the United States and supporting the resilience and efficiency of its supply chain,” said Rodolphe Saadé, CEO of CMA CGM Group. The two companies also said they expect to enter into multiyear air and ocean freight commercial agreements.

FedEx, based in Memphis, Tennessee, has been spinning off businesses to focus on its core delivery operations, targeting higher-margin business-to-business deliveries for the healthcare, automotive, aerospace, and data center industries. FedEx completed its spinoff of FedEx Freight, which transports heavy and bulky shipments, on June 1.

The acquisition is expected to close later this year, subject to regulatory approvals. The air cargo and ocean freight deals are expected to be ironed out in phases between 2026 and 2028. For Miami, a major hub for international freight forwarding and logistics, the expansion of CEVA Logistics could bring new warehouse demand and job opportunities to the region, as AP reported.

The deal reflects a broader trend of shipping companies diversifying into logistics services. CMA CGM has been building out CEVA through multiple acquisitions, and the FedEx Supply Chain purchase significantly strengthens its North American warehouse network. PortMiami, which has seen record cargo volumes in recent years, could benefit from the increased logistics activity as CMA CGM integrates its shipping and warehousing operations.