News Summary
Fred Smith, the influential founder and executive chairman of FedEx Corporation, has died at 80. His departure signifies a major loss for the logistics sector and the Memphis community. Under his leadership, FedEx revolutionized package delivery and played a critical role during the COVID-19 pandemic. Smith’s legacy also includes substantial philanthropic contributions and advocacy for education and veterans, deeply impacting the local economy and infrastructure.
Memphis – Fred Smith, the visionary founder and executive chairman of FedEx Corporation, passed away on June 21, 2025, at the age of 80. His death marks the end of a significant chapter in the world of logistics and business innovation, as well as a profound loss for the Memphis community, where his influence remains palpable.
Born on August 11, 1944, in Marks, Mississippi, Smith’s journey began with a strong academic foundation. He graduated from Yale University in 1966, where he first proposed the concept of a company dedicated to overnight delivery in a paper he wrote as a student. This idea would evolve into FedEx, a company that transformed the logistics industry and set new standards for package delivery around the globe.
Before embarking on his entrepreneurial journey, Smith served his country in the U.S. Marine Corps. His military service included two tours in Vietnam, where he demonstrated remarkable bravery, earning two Purple Hearts and the Silver Star for his actions.
FedEx was officially incorporated in 1971 and commenced operations two years later, tackling significant financial hurdles in its early years. During a particularly dire period for the company, Smith famously used his casino winnings to keep FedEx afloat. This bold move ultimately paved the way for the company to grow into a major player in global logistics.
Under Smith’s leadership, FedEx not only expanded its operations worldwide but also became a crucial player in facilitating international trade. The company’s pivotal role was especially highlighted during the COVID-19 pandemic when it was responsible for shipping the first vaccines, showcasing its vital importance to public health and safety.
In 2022, Smith transitioned from his position as CEO to executive chairman, where he shifted his focus toward governance, sustainability, and public policy, continuing to influence the company’s strategic vision. His tenure at FedEx saw the company grow into a cornerstone of the Memphis economy, providing jobs and significantly impacting local infrastructure.
Beyond his business achievements, Smith was known for his philanthropic efforts. He actively contributed to several local causes, particularly in education and support for veterans. His commitment to education is exemplified by his pledges of $5 million to various Historically Black Colleges and Universities, underscoring his dedication to enhancing educational opportunities within the community.
In addition to his philanthropic contributions, Smith played a critical role in securing naming rights for significant venues in Memphis, including the FedExForum, home of the Memphis Grizzlies. His contributions have left an indelible mark on the city’s cultural and economic landscape.
Smith is survived by his ten children, and his legacy will live on through the numerous individuals he inspired and mentored throughout his life. Local leaders, including current and former mayors of Memphis, expressed their condolences and acknowledged his unparalleled impact on the community, describing him as a driving force whose influence will resonate for generations.
The Memphis-Shelby County Airport Authority recognized Smith’s contributions, labeling him a cornerstone of the community. They conveyed condolences to his family and the FedEx organization, highlighting the profound loss felt across various sectors of the Memphis area.
Fred Smith’s journey from a college paper to founding an international logistics powerhouse embodies the spirit of innovation and resilience. His contributions to both business and community are sure to be remembered, solidifying his status as an iconic figure not just in Memphis, but in the global economy as a whole.
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Additional Resources
- Daily Memphian: Fred Smith
- Wikipedia: Fred Smith (businessman)
- WREG: Fred Smith Dies
- Google Search: Fred Smith FedEx
- Fox13 Memphis: Fred Smith Passes Away
- Google News: Fred Smith Memphis
- Commercial Appeal: Fred Smith’s Impact
- Encyclopedia Britannica: FedEx
Author: STAFF HERE MEMPHIS WRITER
MEMPHIS STAFF WRITER The MEMPHIS STAFF WRITER represents the experienced team at HEREMemphis.com, your go-to source for actionable local news and information in Memphis, Shelby County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Beale Street Music Festival, Elvis Week, and Memphis in May International Festival. Our coverage extends to key organizations like the Greater Memphis Chamber and the Memphis Convention & Visitors Bureau, plus leading businesses in logistics, healthcare, and music that power the local economy such as FedEx, St. Jude Children's Research Hospital, and AutoZone. As part of the broader HERE network, including HEREBristol.com, HEREChattanooga.com, HEREKnoxville.com, and HERENashville.com, we provide comprehensive, credible insights into Tennessee's dynamic landscape.
