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Fred Smith, the founder of FedEx and a pioneer of modern logistics, has died at the age of 80, the company confirmed on June 21.
Smith transformed the global shipping industry with his revolutionary idea of overnight express delivery, turning a college term paper into FedEx — now a multibillion-dollar logistics powerhouse operating in over 200 countries. Launched in 1971 and headquartered in Memphis, the company redefined time-sensitive shipping and grew into a symbol of reliability and speed.
A former U.S. Marine Corps officer decorated for his service in Vietnam, Smith overcame early financial struggles and regulatory barriers to build one of the world’s largest transportation networks. Under his leadership, FedEx not only helped shape global trade but also played a critical role in national logistics efforts, including COVID-19 vaccine distribution.
“Fred was more than the founder of FedEx — he was its heart and soul,” said Raj Subramaniam, FedEx President and CEO. “He was a mentor, a patriot, and an inspiration to all.”
Beyond business, Smith held significant influence in political and policy circles, advocating for deregulation and free trade. His legacy endures in FedEx’s global reach and enduring culture of innovation.
He is survived by his wife, children, grandchildren, and a company that changed the way the world moves.
