2 July, 2026

CMA CGM to Acquire FedEx Supply Chain

Posted on 2 July, 20262 July, 2026 by David Priestman

The CMA CGM Group today announced an agreement to acquire FedEx Supply Chain, a subsidiary of FedEx Corp, at an enterprise value of $1.4 billion. The acquisition, expected to close in 2026, would nearly triple the size of the North American contract logistics operations of CEVA Logistics, a subsidiary of the CMA CGM Group.

The acquisition reinforces CMA CGM’s 25-year commitment and investment in the United States supply chain and accelerates its strategy to provide comprehensive end-to-end logistics solutions. By integrating FedEx Supply Chain’s assets and nearly 10,000 team members, CEVA Logistics will become a leading contract logistics provider in North America. The combined entity would operate approximately 150 warehouses, expanding CEVA’s overall presence in North America to a combined workforce of 20,000 people located at more than 240 locations.

Following the execution of this transaction, CMA CGM and FedEx also expect to enter into multi-year commercial agreements related to air and ocean freight. CMA CGM will become a preferred ocean carrier for FedEx, offering ocean transport and carrier services under a non-exclusive agreement. The companies will also work together on select air cargo capacity solutions to enhance their respective global networks in the interest of higher aircraft utilization and flexible long-haul capacity.

Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, stated:

“The acquisition and partnership with FedEx represent a major step in the development of CEVA Logistics and our logistics activities in North America. We are strengthening our ability to provide customers with integrated supply chain solutions. These deals also reinforce our long-term commitment to investing in the United States and supporting the resilience and efficiency of its supply chain.”

Raj Subramaniam, President and CEO of FedEx, added:

“Today’s announcement enables FedEx to further increase our focus on providing our unique expertise for high-value verticals, including healthcare, automotive, aerospace and data centers. By streamlining our portfolio, FedEx is better positioned to execute our long-term vision and continue to serve as the heartbeat of the industrial economy, delivering unmatched connectivity, reliability, and value to our customers globally. We look forward to leveraging our complementary relationship with global logistics solutions provider CMA CGM to support the next chapter for FedEx Supply Chain and its team members.”

Joint Venture for GLS in Türkiye

Posted on 2 July, 20262 July, 2026 by David Priestman

Parcel company GLS has announced the establishment of GLS Türkiye, a new joint venture that marks the company’s entry into one of Europe’s fastest-growing parcel markets.

The new company will be led by Özgür F. Kut as CEO. Joining GLS in the venture is a group of Turkish logistics investors led by Aslan Kut, who played a defining role in the establishment of multiple leading parcel delivery companies in Türkiye and later co-founded and scaled one of the country’s most prominent parcel operators. The investor group also includes Turgut Erkeskin, former president of FIATA, the global federation of freight forwarders, and Şerafettin Aras, current chairman of the board of UND, a leading transport association in Türkiye. The partnership combines GLS‘ Pan-European and North American network, brand and expertise with deep Turkish market knowledge from several senior executives within the logistics and distribution market.

“Türkiye is a strategically important extension of our European network and represents a key cross-continental gateway into Asia. We’ve seen strong cross-border parcel flows between Türkiye and Europe for years, and establishing a local presence allows us to serve those connections more effectively. This joint venture gives us the local market expertise we need while providing access to GLS’ global network as well as operational excellence, premium services and a strong brand to Turkish customers and businesses,” said Dr. Karl Pfaff, CEO of GLS Group. “We are happy and honoured to have such an excellent team of Turkish entrepreneurs at our side.”

Turkish businesses and consumers deserve a parcel provider that combines international operational excellence with genuine local knowledge. Our team brings deep experience in the Turkish logistics market, and we’re focused on building operations tailored to local needs while delivering the reliability and service quality that GLS is known for across Europe

said Özgür F. Kut, CEO of GLS Türkiye

“In recent months, we have worked very closely with Aslan, Özgür and Turgut to develop a business concept. Today, we founded GLS Türkiye and now very much look forward to bringing our ideas and vision to life,” said Saadi Al-Soudani, Group Chief International Officer of IDS.

GLS Türkiye will operate under the GLS brand, combining the company’s European parcel delivery expertise with local market knowledge. The venture establishes GLS in one of Europe’s fastest-growing parcel logistics markets and extends the company’s network to serve businesses and consumers across Türkiye. The company expects to begin operations by the end of 2026.

Sleeve Packs Launched to Replace Metal Stillages

Posted on 2 July, 2026 by David Priestman

Two new extra-large foldable pallet boxes have been launched to help manufacturers, distributors and logistics companies to store, move and transport oversized and unusually shaped products more efficiently. These innovative sleeve packs will also benefit businesses that currently spend significant time searching for suitable packaging before investing in costly metal stillages or bespoke wooden crates due to a lack of appropriately sized alternatives.

The new CabCube XL 1512 and CabCube XL 1612 sleeve packs – made by Cabka and exclusively available in the UK via goplasticpallets.com – have been designed for complex manufacturing environments that handle items and components of varying sizes, including the automotive sector. They are also ideal for businesses that are often forced to obtain custom-made packaging to accommodate larger products.

The CabCube XL 1512, which measures 1500mm x 1200mm x 750mm, has a volume of 924 litres and a dynamic load capacity of 300kg. When folded, its height is just 225mm, achieving a return ratio of 1:3.5 and reducing logistics costs. Meanwhile, the CabCube XL 1612 (1610mm x 1208mm x 750mm) has a larger volume of 983 litres, and a dynamic load capacity of 350kg, but offers the same space-saving credentials. The substantial capacity ensures it is perfectly suited for storing and transporting goods of different sizes.

Both containers have nine feet and feature a secure folding mechanism that allows for quick and easy setup or collapse. They offer exceptional space-saving benefits, convenience and flexibility across various storage applications. Manufactured from durable recycled plastic and fully recyclable at the end of their working life, both sleeve packs have been designed for repeated use in closed-loop supply chains, helping businesses reduce packaging waste and support sustainability targets.

Dan Starnes, Sales Director at goplasticpallets.com, said: “We are excited to exclusively bring these innovative sleeve packs to the UK market. We believe they are the perfect fit for businesses handling oversized, non-standard and difficult-to-store products. The CabCube XLs will not only boost operational efficiency but also help businesses avoid the costs associated with custom-built packaging solutions.

“Unlike the majority of oversized pallet boxes that have been cut and shut to accommodate larger products, the CabCube XL range has been engineered specifically for oversized loads, delivering maximum strength and integrity across the supply chain. The fact these two sleeve packs can collapse to a small percentage of their height when not in use is another massive plus. Saving space in the manufacturing facility, the warehouse and on the trailer, leads to further cost savings and reduces carbon emissions.”

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