(Aziz Shamuratov/Getty Images) July 8, 2026 2:51 pm, EDT key takeaways: FedEx agreed to sell its supply chain business to CMA CGM for $1.4 billion as part of a broader strategy to streamline operations. This acquisition will significantly expand CMA CGM’s North American logistics footprint, nearly tripling its contract logistics presence. Analysts view the transaction
According to CMA CGM, the expanded operation will have a workforce of 20,000 people across more than 240 locations in North America. (Christophe Morin/Bloomberg) July 1, 2026 10:08 am, EDT | Update: July 1, 2026 10:39 am, EDT key takeaways: FedEx agreed on July 1 to sell FedEx Supply Chain to CMA CGM Group for
FedEx Freight posted revenue of $2.41 billion in the most recent quarter, up 4.8% from $2.30 billion in the year-ago period. (Artistic Operations/Getty Images) June 26, 2026 3:19 pm, EDT key takeaways: FedEx Freight said the tightness of the truckload market boosted fiscal fourth-quarter earnings as heavy backhaul spillovers supported revenue in the quarter ended
A FedEx truck at the New York Stock Exchange on June 1. (Michael Nagle/Bloomberg) June 25, 2026 4:33 pm, EDT key takeaways: Earlier this month, FedEx Corp. FedEx is pursuing freight data center infrastructure, grocery and healthcare businesses after being separated from FedEx. CEO John Smith said the company has created a dedicated sales force
An employee opens a FedEx truck in New York. (Yuki Iwamura/Bloomberg) June 23, 2026 at 5:00 pm, EDT key takeaways: FedEx reported adjusted fiscal fourth-quarter earnings of $6.31 per share on June 23, beating analysts’ estimates of $5.97. Shares fell 5.4% as margins were lower than expected and FedEx cited trade policy changes, rising costs