Frederick Smith, FedEx

By Admin
Modern-day legend and proof of the American dream, Smith is the founder of one of the biggest companies in the world. Now a $45 billion interest, the...

Modern-day legend and proof of the American dream, Smith is the founder of one of the biggest companies in the world. Now a $45 billion interest, the idea for it began during Smith’s three-year stint, 1966-69, as a US Marine, where he observed closely the logistics and procurement of the armed forces and was inspired to start up an overnight delivery service for civilians. He founded Federal Express with his $4 million inheritance (modern equivalent $23 million) and raised $91 million ($525 million) in venture capital in 1970.

Share
Share

Featured Lists

TImeline: The evolution of the air freight industry

Business relies heavily on air freight to move goods quickly around the world. Unlike sea freight, air freight has a short, yet colourful, history

Top 10: Benefits of small-vehicle expedited shipping

The small vehicle expedite market is evolving, becoming more accessible and more affordable. Here are 10 benefits of expedited shipping

Top 10: supply chain cybersecurity companies 2022

Supply chains are targeted by cybercriminals for 'back door' attacks on global brands. Here are 10 leading cybersecurity companies keeping businesses safe

Top 10: AI firms helping minimise supply chain disruption

Technology

Top 10: Supply chain cybersecurity vulnerabilities

Digital Supply Chain

Timeline: Evolution of blockchain tech in supply chain

Digital Supply Chain