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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.
The company also played a major role in the shift by American business and industry to a greater use of time-sensitive deliveries and less dependence on large inventories and warehouses. Smith once told The Associated Press that he came up with the name Federal Express because he wanted the company to sound big and important when in fact it was a start-up operation with a future far from assured. Former President George W. Bush released a statement in which he praised Smith as “one of the finest Americans of our generation” and FedEx as an ”innovative company that helped supercharge our economy.”
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