News Summary
Frederick W. Smith, founder of FedEx Corporation, has passed away at the age of 80. He left an indelible mark on the logistics industry and greatly influenced the Memphis community through his innovative leadership and philanthropic efforts.
Memphis Mourns the Loss of FedEx Founder Frederick W. Smith
Frederick W. Smith, the founder and executive chairman of FedEx Corporation, has died at the age of 80. Smith passed away on Saturday, June 21, 2025, in Memphis, Tennessee, leaving behind a significant legacy in both global commerce and the local community.
Born on August 11, 1944, in Marks, Mississippi, Smith’s journey to becoming a prominent business leader began at Yale University. While studying there, he wrote a paper on overnight delivery that sparked the idea for FedEx, though his professor was not impressed, giving the work a grade of C. Nevertheless, this concept eventually led Smith to incorporate FedEx in 1971 and launch operations in 1973.
Initially, FedEx faced financial difficulties. Smith even used his winnings from a blackjack game in Las Vegas to help keep the company afloat during tough times. However, under his vision and leadership, FedEx transformed into a multi-billion-dollar corporation, with operations that span over 200 countries worldwide. During the COVID-19 pandemic, FedEx played a crucial role by shipping the first vaccines from its Memphis hub, demonstrating its importance in global logistics.
Impact on Memphis
Smith’s influence extended deeply into Memphis, reshaping the city both economically and socially. FedEx has become a major employer in the area, providing thousands of jobs to residents and contributing significantly to the local economy. The company’s success has transformed Memphis into a vital hub for logistics, thereby boosting the city’s status on the global stage.
The local community benefited from Smith’s philanthropic efforts, which included financial support for Memphis sports teams and educational institutions. His connection to the city is further highlighted by the naming rights purchase for FedExForum, as well as various initiatives aimed at improving the community. Former Memphis Mayor Jim Strickland referred to Smith as the “most important Memphian of all time,” reflecting the widespread recognition of his contributions.
Military Background and Leadership Philosophy
Before founding FedEx, Smith served as a U.S. Marine Corps veteran, completing two tours in Vietnam. He received two Purple Hearts and a Silver Star for his service. Smith often emphasized that his military experience heavily influenced his leadership style, instilling in him values such as discipline and resilience that he carried into his business endeavors.
Smith stepped down as CEO of FedEx in 2022 but continued to play an integral role as executive chairman, focusing on corporate governance and global issues until his passing. He is survived by ten children.
Legacy and Community Response
The news of Smith’s death has elicited heartfelt responses from local leaders and citizens alike. Many have taken to social media and public forums to express their admiration for his substantial impact on their lives and the community. Representatives and senators praised Smith for his contributions to Memphis and his innovative influence on global logistics.
FedEx’s current CEO, Raj Subramaniam, released a statement mourning Smith’s loss, having described him as the heart and soul of the company. The enduring legacy of Frederick W. Smith will be remembered not only for his significant contributions to the logistics industry but also for the profound difference he made in the Memphis community.
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Additional Resources
- Daily Memphian
- WREG
- FOX 13 Memphis
- Commercial Appeal
- Local Memphis
- Wikipedia: Fred Smith
- Google Search: Fred Smith FedEx
- Google Scholar: Fred Smith logistics
- Encyclopedia Britannica: FedEx
- Google News: Fred Smith death
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.
