:max_bytes(150000):strip_icc()/GettyImages-1129092699-891701a40e334843b993a7aa4660ca8f.jpg "Fred Smith Death: FedEx Founder at 80")
Fred Smith Death: FedEx Founder at 80
- Fred Smith, the founder of fedex, died Saturday at age 80, the company announced.
- Raj Subramaniam,who succeeded Smith as CEO in 2022,expressed his sadness.
- Federal Express, as it was initially known, began operations in 1973 in Memphis, Tenn.
fred Smith, the founder of FedEx, has passed away at 80, leaving behind a legacy that reshaped the shipping industry.He courageously built FedEx from the ground up, transforming a small delivery service into a global shipping leader. In 1973, they handled 186 packages; now, they deliver approximately 16 million daily. His profound impact revolutionized logistics and package delivery, influencing the global economy. News Directory 3 remembers Smith’s pioneering spirit and dedication. With FedEx’s fiscal year 2025 fourth-quarter results on the horizon, discover what’s next for the company Smith built.
FedEx Founder Fred Smith Dies at 80
Updated June 22, 2025
Fred Smith, the founder of fedex, died Saturday at age 80, the company announced. Smith built FedEx from a small delivery operation into a global shipping giant, revolutionizing package delivery and logistics.
Raj Subramaniam,who succeeded Smith as CEO in 2022,expressed his sadness. He called Smith the “heart and soul of FedEx” and more than just a pioneer.
Federal Express, as it was initially known, began operations in 1973 in Memphis, Tenn. On its first day, the company handled 186 packages. By fiscal year 2024, FedEx’s revenue exceeded $22 billion, delivering approximately 16 million packages each day. The company’s success highlights Smith’s impact on the shipping industry and the global economy.
The company is a leader in package delivery and logistics, and its success is a testament to Smith’s vision and leadership. FedEx’s role in global commerce is undeniable.
What’s next
FedEx is scheduled to release its fiscal year 2025 fourth-quarter results on Tuesday.