Sponsored by
CMA CGM Buys FedEx Supply Chain; Kroger Bets on the East; U.S. Won't Extend USMCA By Mark R. Long | WSJ Logistics Report
France's CMA CGM is acquiring FedEx Supply Chain for $1.4 billion in a deal that extends the world's No. 3 container line's reach
into the growing market for third-party logistics services.
The WSJ Logistics Report's Liz Young and Paul Berger write that the deal will add about 34 million square feet of warehouse space and 10,000 employees to CMA CGM subsidiary CEVA Logistics. This will expand its footprint to more than 240 locations with 20,000 workers across North America.
After the deal closes, CMA CGM and FedEx plan to enter into multiyear ocean and airfreight agreements worth an estimated $3.5 billion in business volume, according to a person familiar with the matter.
Marseille-based CMA CGM has been on an acquisition spree since the Covid pandemic as it seeks to build up end-to-end supply-chain services. After acquiring CEVA Logistics in 2019 for $1.7 billion, it added an Ingram Micro unit focused on e-commerce and fulfillment in 2022 for $3 billion. It acquired French ocean and air-fright forwarder Bolloré Logistics in 2024 for about $5 billion.
NOTE TO READERS: The WSJ Logistics Report won't be published Friday in observance of Independence Day in the U.S. We will be back Monday.
CONTENT FROM: PENSKE Gain Intel. Gain Ground with Penske.
The road to the future relies on data. And we speak data. At Penske, technology is embedded in everything we do. Our apps and tools help our customers optimize their fleet by delivering real-time actionable insights straight to them.
Learn More
Quotable Food Logistics
Kroger's $1.65 billion deal for supermarket chain Giant Eagle is a bet on the East, The Wall Street Journal's Patrick Thomas writes. Giant Eagle's nearly 200 stores would expand Kroger's foothold
in Ohio, West Virginia, Maryland and Indiana, and add Pennsylvania, ratcheting up the grocery industry's turf war.
The Northeast is dominated by Ahold Delhaize, which operates the Food Lion and Stop & Shop brands. Publix, which is strong in the Southeast, has been opening stores northward, pushing into Kroger's territory. And then there is Walmart, the nation's top grocery seller. Kroger, which operates over 1,200 stores in 16 states, is the second-biggest U.S. grocer by sales.
Global Trade
The U.S. declined to extend its signature trade pact with Mexico and Canada, setting up a decadelong review process
that casts uncertainty over businesses that move goods across the world's busiest export borders.
The U.S. decision on the pact that underpins nearly $2 trillion in annual trade was no surprise, the Journal's Santiago Pérez, Gavin Bade and Paul Vieira write. President Trump has effectively ripped up parts of the U.S.-Mexico-Canada trade agreement that he signed in his first administration, imposing tariffs on a range of goods. He has mused about terminating the agreement altogether.
The U.S. refusal means American trade representatives will have to meet every year for a decade with Mexican and Canadian officials to continually review the deal. Negotiations over such issues as narrowing the U.S. trade gap with its top trading partners can continue in the meantime.
Number of the Day In Other News A private gauge showed China's manufacturing activity grew at a slower pace
in June due to tapered factory production, diverging from a pickup shown in a competing index. (WSJ) South Korea's exports surged 70.9% in June to a record $102.25 billion, the fastest growth since October 1978 , driven by AI-fueled chip demand. (WSJ) Eurozone inflation fell to 2.8% in June
from 3.2% in May, the first decline since January. (WSJ) The U.K.'s National Grid agreed to invest $1.75 billion
in Joulent, which is developing contracted power generation and high-voltage infrastructure in the U.S. (WSJ) Alcoa agreed to buy South32's bauxite, alumina and aluminum assets
across Australia, Brazil and South Africa in a cash-and-stock deal valued at up to $5.6 billion. (WSJ) Inflexion sold Avantus Aerospace to U.S. private-equity firm Arcline Investment Management, in a deal valuing the California aircraft-component maker
at roughly $1.1 billion. (WSJ) KKR agreed to acquire the U.S. and Canadian operations of EDF power solutions-which operates solar, wind and battery storage assets -for about $4.2 billion. (WSJ) KKR and South Korea's SK are jointly launching a $1.3 billion renewable-energy platform
aimed at meeting surging demand for clean power in AI data centers and chip manufacturing. (WSJ) The USDA will invest $500 million in new and existing fertilizer facilities
to increase production, Agriculture Secretary Brooke Rollins said. (Bloomberg) The American Association of Port Authorities asked federal regulators to impose stricter control over drone use
over port facilities. (DC Velocity) About Us
Mark R. Long is editor of WSJ Logistics Report. Reach him at [mark.long@wsj.com]. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long , Liz Young and Paul Berger .
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
July 02, 2026 07:02 ET (11:02 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments