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FedEx founder who revolutionised package delivery business

Business Standard

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June 23, 2025

Fred Smith, the FedEx Corp. founder who revolutionised the express delivery industry, has died, the firm said. He was 80.

- ASSOCIATED PRESS

FedEx founder who revolutionised package delivery business

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.

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यह कहानी Business Standard के June 23, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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