FedEx is set to sell its supply chain or contract logistics unit to CMA CGM in a deal valued at about $1.4 billion, according to reports from multiple outlets. The transaction would transfer FedEx’s logistics operations to the Marseille-based shipping and logistics group, which is seeking to expand its presence in the United States and strengthen its position in the supply-chain market. The proposed agreement is expected to close by the end of the year, subject to customary regulatory approvals. One report describes the deal as a sale of the FedEx Supply Chain unit, while another refers to the contract logistics business, indicating the focus is on FedEx’s logistics operations rather than its core parcel network. Quartz adds that the arrangement includes multiyear air and ocean freight agreements tied to the acquired operations. If completed, the acquisition is described as substantially increasing CMA CGM’s North American contract logistics footprint, including by nearly tripling the scale of CEVA Logistics’ North American contract logistics operations. Overall, the sources portray the sale as part of FedEx’s broader corporate streamlining and as an expansion move for CMA CGM.