Particle.news

Download on the App Store

Frederick W. Smith, FedEx Founder and Logistics Pioneer, Dies at 80

His passing marks the end of an era for the company that introduced overnight shipping with his hub-and-spoke system under the leadership of Raj Subramaniam.

Image
Image
Image
Image

Overview

  • Smith died on June 21 at age 80; the cause of death has not been officially released by FedEx.
  • He conceived the idea for Federal Express in a Yale term paper and launched operations in 1973, revolutionizing global logistics with the hub-and-spoke model.
  • He stepped down as CEO in March 2022 and remained executive chairman until his death, with Raj Subramaniam serving as chief executive.
  • Under his guidance FedEx grew into a global network of more than 500,000 employees handling roughly 16–17 million daily shipments.
  • A decorated Marine Corps veteran, Smith was also a major philanthropist who supported the Marine Corps Scholarship Foundation and St. Jude Children’s Research Hospital.