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FedEx founder who revolutionised package delivery business
Business Standard
|June 23, 2025
Fred Smith, the FedEx Corp. founder who revolutionised the express delivery industry, has died, the firm said. He was 80.
FedEx started operating in 1973, delivering small parcels and documents more quickly than the postal service. Over the next half-century, Smith, a Marine Corp veteran, oversaw the growth of a firm that became something of an economic bellwether because so many other companies rely on it.
Memphis, Tennessee-based FedEx became a global transportation and logistics company that averages 17 million shipments per business day. Smith stepped down as CEO in 2022 but remained executive chairman.
This story is from the June 23, 2025 edition of Business Standard.
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