Going all the way back to the 1960's, Yale student Fred Smith had an idea for a shipping company that concentrated on an updated air service that handled all shipping needs. In 1971, this became a reality. On this date in 1973, Federal Express began overnight operations. Originally, they had 14 aircraft that serviced 25 major cities throughout the U.S. and 2-day shipping options. It wasn't until 1975, that the company earned a profit. It has continued to grow and become a leader in shipping services throughout the world.
For more info:
http://www.fundinguniverse.com/company-histories/fedex-corporation-history/
http://www.ehow.com/about_5438942_history-fedex.html
http://famousdaily.com/history/fedex-begins-operation.html
