NEW YORK (AP) — French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics subsidiary of FedEx for $1.4 billion, as it works to expand in the U.S.
CMA CGM Group said the acquisition will triple the size of its own logistics arm, CEVA Logistics and help build its presence as a contract logistics provider in North America.
In 2025, CMA CGM pledged to invest $20 billion in its U.S. warehousing, air cargo and logistics over four years.
The two companies said they expected to enter into multiyear air and ocean freight commercial agreements as well.
Rodolphe Saadé, CEO of CMA CGM Group, said the deal will "reinforce our long-term commitment to investing in the United States and supporting the resilience and efficiency of its supply chain.”
FedEx, based in Memphis, Tennessee, has been spinning off some businesses to focus on its delivery business, focusing on higher-margin business-to-business deliveries for the healthcare, automotive, aerospace and data center industries. It completed its spinoff of FedEx Freight, which transports heavy and bulky shipments, on June 1.
The acquisition is expected to close later this year, subject to regulatory approvals.
The air cargo and ocean freight deals are expected to be ironed out in different phases between 2026 and 2028.
FILE - A Fed Ex truck sits during a delivery June 26, 2019, in Chapel Hill, N.C. (AP Photo/Gerry Broome, File)
BOSTON (AP) — Boston Red Sox first baseman Willson Contreras was tossed for a second straight game on Tuesday after throwing his helmet toward Washington Nationals pitcher Cade Cavalli during a heated exchange that ended with the benches clearing and multiple ejections.
Cavalli struck out Contreras looking on a full-count pitch in the top of the fourth of what eventually became an 8-1 victory by the Nationals. The 27-year-old right-hander then shouted at Contreras as Contreras made his way back to the Boston dugout.
Red Sox manager Chad Tracy said he heard Cavalli yell “Sit down, boy” after fanning Contreras.
Asked what his specific words to Contreras were, Cavalli told reporters, “I don’t know. I just lose my head in it. I’m competitive. I just told him to sit down.”
The term “boy” has a racist history in the U.S. Contreras, who is Venezuelan, demurred when asked if he felt there was a racial component to Cavalli's word choice.
“To be honest, I don’t know,” Contreras said, later adding he plans to "let MLB handle that.”
Contreras, who hit a three-run homer off Washington's Miles Mikolas on Monday and celebrated with a massive bat flip that he later apologized fo r, then approached Cavalli on the mound. The two jawed at each other as both dugouts emptied.
“He struck me on a good pitch, I was walking back to the dugout, and then he did what did, and the rest was history,” Contreras told reporters afterward, later adding, "He was like, instigating, and I snapped.”
Boston catcher Carlos Narvaez tried to hold Contreras back, but Contreras broke loose long enough to leap and throw his batting helmet in Cavalli's direction.
Things settled down quickly after that, though the brief dustup ended with Contreras, Boston interim manager Chad Tracy, Boston outfielder Nate Eaton and Mikolas being ejected.
Cavalli pointed to an incident at the end of the top of the first when Contreras nearly ran into the pitcher as both exited the field as the spark that set things in motion.
“He's just been doing stuff," Cavalli said of Contreras. “In the first inning, he just runs past me and brushes me. It's just something you don't do in baseball. I think he knows that. I didn't say anything. I just looked at him. And a few words were said after the strikeout. It's part of the game. And he's going to let everybody run out there and try and do whatever he does, throw a helmet and get himself tossed.”
Cavalli stayed in the game and allowed one run on one hit with 13 strikeouts over seven innings in what became an 8-1 romp.
“After everything that happened, the people that they chose that were going to leave the game, I just felt like the other pitcher should have been one of them too,” Tracy said. "That was my biggest complaint.”
The early exit was the second in as many nights for Contreras, the first time that's happened to a Red Sox player in the club's 126-year history. The 34-year-old Venezuela native — who acknowledged he is having a difficult time while his native country tries to recover from a pair of devastating earthquakes last week — was ejected in the second inning on Monday for mimicking an appeal call after striking out on a checked swing.
“I feel like everything is against me right now,” Contreras said. "I got ejected last night from nothing. I got ejected today even though I was walking back to the dugout.”
AP MLB: https://apnews.com/hub/mlb
Boston Red Sox interim manager Chad Tracy, left, argues with umpire Vic Carapazza following a bench clearing altercation during the fourth inning of a baseball game against the Washington Nationals, Tuesday, June 30, 2026, in Boston. (AP Photo/Charles Krupa)
Washington Nationals' Cade Cavalli, front right, is held back as tempers flare during the fourth inning of a baseball game against the Boston Red Sox, Tuesday, June 30, 2026, in Boston. (AP Photo/Charles Krupa)
Boston Red Sox's Willson Contreras (40) is held back as tempers flare during the fourth inning of a baseball game against the Washington Nationals, Tuesday, June 30, 2026, in Boston. (AP Photo/Charles Krupa)
Washington Nationals' Andrés Chaparro, center, is held back as tempers flare during the fourth inning of a baseball game against the Boston Red Sox, Tuesday, June 30, 2026, in Boston. (AP Photo/Charles Krupa)
