Quick Take: FedEx selling contract logistics business to CMA-CGM, continues to focus on core

研报英文原文证据摘录

Quick Take: FedEx selling contract logistics business to CMA-CGM, continues to focus on core

1 July 2026

David Vernon

+1 917 344 8333

Airfreight & Surface Transportation david.vernon@bernsteinsg.com

FedEx Corp Justine Weiss

+1 917 344 8433

Rating justine.weiss@bernsteinsg.com

Outperform Specialist Sales

Price Target Steve Song

+1 917 344 8401

FDX 397.00 USD steve.song@bernsteinsg.com

Quick Take: FedEx selling contract logistics business to CMA-CGM,

continues to focus on core

Earlier this morning FedEx announced it was selling its supply chain services business to CMA-

Close Date 30 Jun 2026

CGM for $1.4B. Today’s quick take summarizes what you need to know about the transaction,

FDX Close Price (USD) 313.13

which eliminates a non-core, lower margin business and is a further example of management’s

Price Target (USD) 397.00

focus on shareholder value over top line.

Upside/(Downside) 27%

What are they selling? FedEx is selling the Supply Chain Services business, which 52-Week Range 345.37/174.01

disclosures describe as "a supply chain solutions provider specializing in Product Lifecycle SPX 7,499.36

Logistics," with offerings limited to "inbound logistics, warehousing and distribution, FYE May

fulfillment, contract packaging and product configuration, systems integration, returns Div Yield 1.6%

process and disposition, test, repair, refurbishment, and product liquidation." FedEx bought Market Cap (USD) (M) 74,715

into the business with a $1.4B acquisition of Genco Logistics in 2014. The contract logistics EV (USD) (M) 104,347

business is reported in “Corporate & Other” and is separate from the FedEx Logistics Performance YTD 1M 6M 12M

segment, which specializes in “customs brokerage, global ocean and air freight forwarding, Absolute (%) 34.6 (7.5) 34.6 65.9