Fred Smith, Who Transformed Parcel Delivery by Founding FedEx, Dies at 80.

The article focuses on the life and legacy of Frederick W. Smith, the founder of FedEx Corp., who passed away at the age of 80. Smith revolutionized the parcel shipping industry by introducing a hub-and-spoke network for overnight deliveries, a concept he developed while studying at Yale University. Despite facing significant financial challenges and legal issues in the early years of FedEx, he successfully built the company into one of the largest logistics firms globally, with over $80 billion in annual sales and more than 500,000 employees. Smith's leadership also saw FedEx adapt to the rise of e-commerce and play a crucial role during the COVID-19 pandemic by facilitating the distribution of personal protective equipment and vaccines. [Extracted from the article]