FedEx founder Fred Smith, who was also a U.S. Marine Corps veteran, died Saturday at the age of 80.
The company that was started in the early 1970s became much relied on and now averages 17 million shipments per business day, the Associated Press (AP) reported Sunday.
In its infancy, FedEx delivered small packages and documents faster than the postal service.
Smith, who made his home in Memphis, Tennessee, where the company is based, was born in Marks, Mississippi, on August 11, 1944, per the Daily Memphian.
“The inspiration for FedEx came to Smith when he was a student at Yale University. He wrote a paper about overnight, reliable delivery in the digital age. His professor was not impressed and he received a C
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