Particle.news

Download on the App Store

Fred Smith, FedEx Founder Who Revolutionized Global Logistics, Dies at 80

Tributes highlight his transformative contributions as FedEx pledges to carry forward his pioneering vision.

Image
Image
Image
Image

Overview

  • FedEx confirmed Smith’s death on June 21 at age 80, and CEO Raj Subramaniam described him as the heart and soul of the company.
  • He pioneered the overnight delivery industry with his hub-and-spoke model, launching FedEx operations in 1973 and leading the company until stepping down as CEO in 2022.
  • A decorated Marine Corps veteran who served two tours in Vietnam, Smith was a notable philanthropist who supported causes like the Marine Corps Scholarship Foundation and local Memphis initiatives.
  • He held a minority stake in the Washington Commanders from 2003 to 2021 and established enduring sports partnerships, including title sponsorship of the PGA Tour’s FedExCup.
  • He is survived by his wife, Dianne Avis, and their ten children.