Fred Smith, Founder of FedEx, Passes Away at 80

Fred Smith, the founder of FedEx who revolutionized express package delivery with his hub-and-spokes system and transformed global logistics, has died at age 80. A Marine veteran and Yale graduate, Smith built FedEx from a small Memphis startup into a global powerhouse, influencing American business practices and logistics. He was also a dedicated philanthropist and a prominent Memphis citizen, known for his contributions to the community and his modest public profile.