{"id":14698,"date":"2025-06-24T17:00:28","date_gmt":"2025-06-24T17:00:28","guid":{"rendered":"https:\/\/ugandaupdatenews.com\/?p=14698"},"modified":"2025-06-24T17:01:27","modified_gmt":"2025-06-24T17:01:27","slug":"fred-smith-fedex-founder-found-dead","status":"publish","type":"post","link":"https:\/\/prowebinhost.com\/anzu\/fred-smith-fedex-founder-found-dead\/","title":{"rendered":"Fred Smith, FedEx Founder Found Dead"},"content":{"rendered":"\n

FRED Smith, the billionaire founder of revolutionary delivery firm FedEx, has died at the age of 80.<\/strong><\/p>\n\n\n\n

FedEx started up in in 1973 delivering small parcels and documents more quickly than the postal service. Smith oversaw its growth to a behemoth of the industry, relied upon by other companies all over the world.<\/p>\n\n\n\n

The business now delivers a staggering 17million parcels every day. His cause of death is yet to be confirmed.<\/p>\n\n\n\n

After Smith graduated Yale University, he used a business theory he developed in college to create a delivery system.<\/p>\n\n\n\n

His approach became known as a \u201chub and spokes\u201d system, and was based on coordinated air cargo flights centered around a main hub.<\/p>\n\n\n\n

At the start, FedEx had 14 small aircraft operating out of the Memphis International Airport flying packages to 25 American cities.<\/p>\n\n\n\n

Smith, worth $5.3billion at his death according to Forbes, was also known for his philanthropy.<\/p>\n\n\n\n

He stepped down as FedEx\u2019s CEO in 2022, but remained at the helm as executive chairman. Memphis\u2019s former mayor Jim Strickland hailed him as \u201cthe most significant Memphian in history\u201d.<\/p>\n\n\n\n

Strickland said: \u201cHe benefited our city in every way possible and allowed generations of Memphians to achieve the American dream. \u201cGod bless Fred Smith. My condolences to the Smith family.\u201d<\/p>\n\n\n\n

He donated millions of dollars to the Marine Corps Scholarship Foundation \u2013 after serving for four years in the Marine Corps himself.<\/p>\n\n\n\n

In an 2023 interview, he said that all the experience he used to run FedEx came from his experience in the Marines, not what he learned at Yale.<\/p>\n\n\n\n

Politicians and commercial figures have paid tribute to the legendary businessman.<\/p>\n\n\n\n

Tennessee Senator Marsha Blackburn said: \u201cI am deeply saddened by the passing of Fred Smith.<\/p>\n\n\n\n

\u201cAs the founder of FedEx, his leadership and innovation transformed global commerce, and he will be remembered for his relentless drive, patriotism, and commitment to service.<\/p>\n\n\n\n

Editor:msserwanga@gmail.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

FRED Smith, the billionaire founder of revolutionary delivery firm FedEx, has died at the age of 80. FedEx started up<\/p>\n","protected":false},"author":2,"featured_media":14701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65],"tags":[],"class_list":["post-14698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2025\/06\/20250622120032_913418475_591747050185112032_640_320_85_webp-1.webp","jetpack-related-posts":[{"id":4215,"url":"https:\/\/prowebinhost.com\/anzu\/meet-fred-bamwesigye-the-new-director-general-of-uganda-civil-aviation-authority\/","url_meta":{"origin":14698,"position":0},"title":"MEET FRED BAMWESIGYE THE NEW DIRECTOR GENERAL OF UGANDA CIVIL AVIATION AUTHORITY","author":"UgandaUpdate","date":"October 7, 2021","format":false,"excerpt":"Last week the Minister of Transport and Works Gen. 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