Fred Smith, Who Transformed Parcel Delivery by Founding FedEx, Dies at 80
Takeaways by Bloomberg AI
Fred Smith, who transformed the parcel shipping industry by risking his family’s fortune to found FedEx Corp. in 1971, has died. He was 80.
“It is with profound sadness and a heavy heart that I share that Frederick W. Smith, our founder and executive chairman, died earlier today,” Chief Executive Officer Raj Subramaniam wrote on the company’s website.