Particle.news

Download on the App Store

Logistics Visionary Fred Smith, FedEx Founder, Dies at 80

His pioneering hub-and-spoke delivery model transformed global commerce into a multibillion-dollar network.

Image
Image
Image
FedEx Corporation Chairman, President and CEO Frederick Smith has died. He was 80.

Overview

  • Smith launched Federal Express in 1971, began operations in 1973 with 14 aircraft and 389 employees, and served as executive chairman until his death as the company grew into a nearly $90 billion global carrier.
  • FedEx CEO Raj Subramaniam and political leaders from Tennessee to Washington paid tribute to Smith’s integrity, mentorship and industry-shaping innovation.
  • A decorated Marine Corps veteran who served two tours in Vietnam, Smith credited his military experience with fostering the bold leadership that saved FedEx during its early financial crisis.
  • Smith donated generously to causes such as the Marine Corps Scholarship Foundation and supported education and community projects while maintaining a low public profile.
  • He is survived by his wife, Dianne Avis, and ten children—including NFL coach Arthur Smith—and leaves a legacy spanning business, philanthropy and sports.