Fred Smith, founder of FedEx Corp., passed away at 80, leaving a transformative legacy in the express delivery sector. Under his leadership, FedEx pioneered a faster delivery model, notably introducing a hub and spoke system that redefined logistics. Originally launching in 1973 with just 14 aircraft, Smith's vision enabled the company to grow into a global giant, handling 17 million shipments per day. Even after stepping down as CEO in 2022, he remained influential as executive chairman, having set the stage for modern businesses to prioritize time-sensitive deliveries over traditional inventory models.
"Fred Smith revolutionized the express delivery industry, and his vision with FedEx transformed not only logistics but also the way American businesses operate."
"With a hub and spoke model, Smith made FedEx a leader in time-sensitive deliveries, impacting how businesses manage inventories and shipping needs."
Collection
[
|
...
]