Fred Smith: The Visionary Behind FedEx and Global Commerce Innovation

Frederick W. Smith, the visionary founder and executive chairman of FedEx who revolutionized global trade and left an indelible mark on Memphis, has passed away at the age of 80. Born on August 11, 1944, in Marks, Mississippi, Smith was a transformative force in commerce and transportation.

“Fred was more than the pioneer of an industry; he embodied the spirit and core values of FedEx with his integrity and leadership,” expressed FedEx CEO Raj Subramaniam in a heartfelt message to employees shared online. “He was a mentor and a source of inspiration to many, a devoted father, grandfather, husband, Marine, and friend. We ask everyone to keep the Smith family in your thoughts during this challenging time.”

Smith’s groundbreaking idea for FedEx was conceived during his time at Yale University, where he penned a paper advocating for reliable overnight delivery as essential in the digital age. Ironically, his professor was unimpressed, awarding him a C on the assignment.

Despite this setback, Smith went on to incorporate FedEx in 1971, launching operations in 1973. Initially, the company faced financial struggles. In a critical moment, during a fundraising trip to Las Vegas, he gambled his way to some much-needed capital, saving the fledgling company until it could secure more substantial funding.

Today, FedEx’s worldwide reach and influence, highlighted during the COVID-19 crisis, demonstrate the company’s far-reaching impact. Operating through its Memphis hub, FedEx was pivotal in delivering the first vaccines, playing a crucial role in overcoming a health crisis that claimed millions of lives globally.

Before his success with FedEx, Smith served in the U.S. Marine Corps, completing two tours in Vietnam, where he was honored with two Purple Hearts and a Silver Star for his bravery.