Mergers & Acquisitions ·
FedEx sells Supply Chain to CMA CGM for $1.4B, spins off Freight, changes fiscal year end
FDXFedex Corp
FedEx Corporation changed its fiscal year end from May 31 to December 31, effective June 1, 2026. The company completed a spin-off of its FedEx Freight business into a new, publicly traded company. Additionally, FedEx announced the sale of its FedEx Supply Chain business to CMA CGM Group for $1.4 billion, with expected closure in the second half of 2026. FedEx realigned its management structure and new reportable segments are Express U.S. Domestic and Express International. FedEx is a global logistics and transportation company.