FedEx Founder Fred Smith Dies at 80, Transformed Global Delivery Industry

Fred Smith, the founder of FedEx and a Marine Corps veteran, passed away at 80, leaving behind a profound legacy both in business and sports in Memphis. Smith revolutionized the global shipping industry by pioneering the 'hub and spokes' air cargo delivery system, which transformed time-sensitive deliveries and reduced reliance on large inventories. Beyond his business achievements, Smith was instrumental in bringing and securing the NBA's Grizzlies franchise in Memphis and elevating the city's sports profile through FedEx's sponsorship of major events like the FedEx St. Jude Championship on the PGA Tour. His contributions also extend to the University of Memphis's athletic ambitions and the city's rich football traditions, including support for events like the AutoZone Liberty Bowl and the Memphis Showboats. Former Memphis mayor Jim Strickland and others have recognized Smith as a pivotal figure in Memphis history, highlighting his role as a visionary civic leader and corporate citizen. Smith's enduring impact on Memphis sports and business cements his legacy as one of the city's most influential figures.