Fred Smith: FedEx founder who revolutionised delivery business dies aged 80
Fred Smith, the founder of FedEx Corp., has died at the age of 80.
Smith revolutionised the express delivery industry by founding FedEx in 1973, implementing a "hub and spokes" system for air cargo.
Under his leadership, FedEx grew into a global transportation and logistics company, handling millions of shipments daily.
A Marine Corp. veteran, Smith stepped down as CEO in 2022 but remained executive chairman, often crediting his military experience for his business acumen.
He was known for his significant philanthropic contributions and dedication to public good, despite generally maintaining a low public profile.
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