PTPA tumult continues with internal lawsuit

Acquisitions

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FedEx agreed to sell its supply chain unit to CMA CGM for $1.4 billion. The deal will expand CMA CGM subsidiary Ceva Logistics and nearly triple its North American contract logistics footprint. The companies also plan multi-year commercial agreements covering air and ocean freight once the transaction closes. FedEx will sharpen its focus on freight transportation and parcel delivery while CMA CGM strengthens its logistics platform in the U.S.

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