FedEx earlier known as Federal Express is the World’s largest airline cargo carrier. It specializes in delivering parcels of every size and shape. Fred Smith came up with the idea of a single company looking after the delivery of a product from Point A to Point B. He wrote a paper on the need for a system which would improve the current delivery system and make logistics simpler for both the supplier and the customer.
His professor was not very impressed with his idea and gave him a ‘C’ for the assignment. But Fred was not discouraged and he went on to found Federal Express Corporation in 1971. Federal Express adopted the name ‘FedEx’ in 1994.