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His vision for how to ship packages overnight led to not just a new company, but also a new sector of the world economy and a now-familiar English verb.
By Alex Traub
Frederick W. Smith, who bet everything he had on a plan to revolutionize freight transport, courting disaster early on but ultimately winning vindication in the form of power in Washington, billions in personal wealth and changes in how people all over the world send and receive goods, died on Saturday. He was 80.
His death was announced by FedEx in a statement that did not provide further details.
