FedEx Founder Fred Smith, a Marine Corps Veteran who Revolutionized Package Delivery, Dies at 80

Fred Smith, the FedEx Corp. founder who revolutionized the express delivery industry, has died, the company said. He was 80.

FedEx started operating in 1973, delivering small parcels and documents more quickly than the postal service. Over the next half-century, Smith, a Marine Corps veteran, oversaw the growth of a company that became something of an economic bellwether because so many other companies rely on it.