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FedEx was founded as Federal Express Corporation in 1971, by 28-year-old Memphis, Tennessee, native Frederick W. Smith. Smith, a former Marine pilot in Vietnam, originally outlined his idea for an overnight delivery service in a term paper he wrote for a Yale University economics class.
The first mail by Pony Express reached Sacramento, April 13, 1860. At that time the company employed 300 person, 80 of them being riders whose average performance was about 75 miles. There is a record of one who rode 384 miles without stopping for meals and to change horses at stations.