Kustoff Honors Frederick W. Smith, Founder of FedEx, on House Floor
WASHINGTON, D.C. — Today, Congressman David Kustoff (R-TN) honored the founder, chairman, and CEO of FedEx Corporation, Frederick W. Smith, on the Floor of the House of Representatives.
Click here for a downloadable link to his speech.
Remarks as prepared:
Mr. Speaker, I rise today to honor the life and legacy of Frederick W. Smith. Who left us this past Saturday, June 21, 2025, at the age of 80.
Mr. Speaker, if I were to stand and speak at this podium all day, I would barely be able to scratch the surface of Fred Smith's extraordinary life, his influence on the country and the world, and his profound impact on the City of Memphis.
To many people, Fred Smith will likely be remembered as a titan of industry and the founder of FedEx. To my constituents, he will be remembered as a champion for the City of Memphis. Personally, I will remember Fred Smith as a man who loved his country and devoted his life to the American dream.
Born in Marks, Mississippi and raised in Memphis, he was very proud of his country. Fred Smith was a true patriot – serving honorably as a Captain in the United States Marine Corps in Vietnam. After that service, he returned home with a bold idea – a company that could deliver packages overnight around the world. Fred Smith turned that idea into a global enterprise: revolutionizing international supply chains, transforming how businesses operate, and changing how people connect.
Fred Smith not only directed and dominated the modern logistics industry, he created it. For more than 50 years after the conception of FedEx, he continued to lead it.
Today, FedEx operates in over 220 countries, but its heart and headquarters remain in Memphis, Tennessee. Through FedEx, Fred Smith turned Memphis into a global logistics hub – driving economic growth across the region, while employing tens of thousands of Tennesseans. Today, the FedEx world hub at Memphis International Airport is one of the busiest and largest cargo airports in the world. FedEx is the largest Fortune 500 company in the state of Tennessee.
Fred Smith's commitment to Memphis went far beyond business. In fact, upon Fred's passing on Saturday, former Memphis Mayor Jim Strickland said, “Fred Smith was the most significant Memphian in history. He gave them a fair shot at their American dream and his philanthropic work helped support countless organizations”.
Thanks to Fred Smith, Memphis acquired the NBA's Grizzlies in 2001 when he committed to purchasing the naming rights for the future home of the basketball team: the FedExForum. Two years ago, when the University of Memphis was ambitiously pursuing stadium upgrades for the football team, Fred Smith and his family committed $50 million to help the school achieve its financial goals.
Fred and Dianne Smith, and the Smith family, have donated to so many worthwhile causes in the Memphis area, including the world-class Memphis Zoo. Memphians can also thank Fred Smith for saving the FedEx St. Jude Golf Championship when it lost its previous title sponsor.
Yesterday, when discussing the life of Fred Smith, I talked with my good friend, Chris Richards. She was the General Counsel at FedEx and a close advisor to Fred Smith. A little over 25 years ago, Fred came to Chris with an idea he told her she would not like. He wanted FedEx to be involved in a major motion picture in which the plot involved crashing a FedEx plane. Fred thought that the script for "Cast Away" was a great read and could be a good movie that benefited the company.
As FedEx's lead attorney, Chris told Fred there had never been an airline who willingly participated in a movie where they gave permission to crash their plane. Chris advised against all of it, but Fred wanted to think outside the box. He signed off on the idea. He was really impressed with the production staff and the movie star, Tom Hanks. That would be important years later.
At the request of former Senator Bob Dole, Fred became involved in the creation and fundraising of a World War II memorial to honor and remember our nation's Greatest Generation. Fred would become a major factor in getting that memorial constructed. It would cost a lot of money to raise and build such a monument, but as a result of that movie, Fred turned to his friend, Tom Hanks, for his help and public support to help raise funds for the memorial. Indeed, that movie ended up being good for FedEx, and in turn, good for the World War II memorial and our nation.
With his passing, we honor and celebrate a lifetime of inspiring service and leadership.
We celebrate a Marine, a Memphian, and a really good man.
To Dianne and the entire Smith family, Roberta and I mourn with you.
To our nation, we lost an innovator, a job creator, a trailblazer, and a leader.
We are all better off for the remarkable life that he led.
With that, Mr. Speaker, I yield back.
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