Frederick Wallace Smith is a prominent American business magnate and investor, best known as the founder and executive chairman of FedEx Corporation, the world’s largest transportation company. His visionary approach to logistics began during his time at Yale University, where he conceptualized an overnight delivery service that would later become the foundation of FedEx. After serving in the U.S. Marine Corps during the Vietnam War, Smith launched Federal Express in 1971, transforming the logistics industry with his innovative air-ground delivery network that commenced operations in 1973. Under his leadership, FedEx has grown into a global enterprise with revenues exceeding $87.7 billion, serving over 220 countries and territories.

As executive chairman, Smith has focused on governance and addressing global issues such as sustainability and innovation. He has overseen the expansion of FedEx’s operations, which now include a fleet of 698 aircraft and more than 200,000 vehicles, employing over 500,000 individuals who manage approximately 15 million shipments daily. His commitment to quality service has earned FedEx numerous accolades, including the Malcolm Baldrige National Quality Award, making it the first service company to receive this honor.

Smith’s influence extends beyond FedEx; he has served on various boards and councils, including the U.S.-China Business Council and the Business Roundtable. His leadership has been recognized with numerous awards, such as the Global Leadership Award from the U.S.-India Business Council and induction into the Aviation Hall of Fame. He has also been featured in Forbes’ list of the “100 Greatest Living Business Minds.”

Throughout his career, Smith has demonstrated a commitment to philanthropy and community service, supporting organizations like St. Jude Children’s Research Hospital. His legacy as a pioneering entrepreneur and leader in the transportation sector continues to inspire future generations of business leaders.