Had Fred Smith followed through on his threat to jump out of a window of the Union National Bank building in downtown Little Rock in 1974, the shipping business might be very different today.
But he didn’t. Smith lived another 51 years, dying Saturday at the age of 80.
Smith grew up in Memphis and moved to Little Rock in 1969.
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He founded Federal Express Corporation in Little Rock in 1971 and incorporated it in Arkansas on Feb. 15, 1972.
In 1973, he moved FexEx to Memphis.
According to FedEx, Smith chose Memphis because it was centrally located in the U.S., its airport was rarely closed because of bad weather, the airport was willing to make improvements for the operation, and additional hangar space was readily available.
But on that day in 1974, Smith was distraught over family strife and Union National’s efforts to collect a $2 million loan, according to a 1993 article in the Arkansas Democrat-Gazette, which cited an at-the-time new biography, “Overnight Success: Federal Express and Frederick Smith, Its Renegade Creator,” by Vance Trimble.
It was later discovered that Smith had pledged nonexistent stock to secure the loan, on which he later defaulted, and in 1975, he was indicted, according to the newspaper article.
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The information was also fuel for an FBI investigation and a lawsuit filed by family heirs against Smith. He was tried in Little Rock in 1975 and, according to the book, won an acquittal largely due to the jury’s confusion on whether he “willingly” or “wilfully” tried to con the bank out of its money, according to Trimble.
Smith had refused to cooperate with Trimble on the book, which included interviews with Smith’s mother, Sally Hook of Little Rock.
Trimble says later in the book that Smith obviously had no intention of committing suicide.
Trimble quoted former bank chairman Herbert Hall McAdams II and others, including Little Rock lawyer Griffin Smith, who was Union National Bank’s legal counsel, regarding the events of that day at the bank in 1974. The story was repeated later in court transcripts from Fred Smith’s federal trial.
Smith approached McAdams with apologies about the loan.
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“He began telling me he was very upset about the whole thing,” McAdams told Trimble. “He said he was going to commit suicide. He was going to jump out of the window!”
Griffin Smith confirmed that account to a Democrat-Gazette reporter in 1993, saying Fred Smith was visibly distraught and made a vague reference to considering suicide.
Griffin Smith said he didn’t believe Fred Smith would go through with it, but “I did feel for him,” according to the 1993 article.
Griffin Smith confirmed that Fred Smith’s mental anguish was further aggravated by the fact that banking regulations require that information concerning possible bank fraud be reported to the Office of the Comptroller of the Currency, according to the Democrat-Gazette article.
Fred Smith’s father founded Dixie Greyhound Bus Lines and Toddle House Restaurants. His son inherited the bulk of his father’s $17 million estate, according to Trimble.
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Smith helped his stepfather, Col. Fred Hook, with a $50,000 down-payment to buy Arkansas Aviation Sales in Little Rock in 1965, according to the book.
After earning a bachelor’s degree from Yale and serving two tours as a Marine in Vietnam, Smith moved to Little Rock, where he took over the struggling Arkansas Aviation Sales in 1969, when he was 25, according to the book.
A pilot himself, Smith converted the company into a clearinghouse for hard-to-find turbine equipment for jet engines, according to the 1993 Democrat-Gazette article.
Arkansas Aviation Sales prospered, doing $9 million in business in two years, showing a $250,000 profit, according to the book.
While at Yale, Smith wrote a term paper proposing a revolutionary way to accommodate time-sensitive shipments — and received an average grade, according to a FedEx company timeline.
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That idea apparently gelled after he got to Little Rock.
“Infuriated by business snafus and delays in receiving parts, and ‘rush’ orders that arrived as much as a week after the date promised, Smith began formulating his express air idea,” according to the 1993 Democrat-Gazette article. “The idea grew as airlines, which were experiencing budget constraints, curtailed some nighttime and off-peak flights.”
In 1970, Smith became interested in financier Jackson T. Stephens’ French-built Falcon jet and the workings of the Stephens’ Little Rock Airmotive mechanical shop, which was located at what was then Adams Field.
In May 1971, Smith purchased two Falcon jets and commissioned Stephens’ company to modify them for cargo use. Smith later bought Little Rock Airmotive for $2.5 million.
Smith was heavily bogged down in debt before his first FedEx shipment of packages left the ground in 1973.
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“Although the company had established a revenue vein by securing a contract with the U.S. Postal Service, which gave FedEx enough cloud to proceed further into debt in the early 1970s, plans to move the headquarters to a more ideal airport in Memphis required extensive capital from new investors,” according to the Democrat-Gazette article.
The book details considerable influence by U.S. Rep. Wilbur Mills, D-Ark., on Smith’s behalf to get Prudential Insurance to invest $5 million in FedEx.
Eventually, FedEx began making money. Net income was $3.5 million in 1976, climbed to $8.1 million the next year, and mushroomed to $20 million in 1980.
Today, FedEx is the largest express transportation company in the world, employing more than half a million people and shipping more than 16 million packages and 20 million pounds of freight daily in about 220 countries and territories.
At the time of his death, Fred Smith’s estimated worth was $5 billion.
Ella McCarthy covers state politics and the state Supreme Court. Before joining the Arkansas Democrat-Gazette, she covered Austin City Hall for the Austin American-Statesman, and before that, held a fellowship with ABC News in Washington, D.C., where she covered national politics. A graduate of the Missouri School of Journalism, her work has been recognized by the Hearst Foundation, the Missouri Press Association and LION Publishers in the LION local journalism awards. She contributed to the Statesman’s coverage of a two-city shooting rampage that won a national Edward R. Murrow Award for breaking news coverage.
KATV ABC 7 in Little Rock, Arkansas covers news, sports, weather and the local community in the city and the surrounding area, including Hot Springs, Conway, Pine Bluff, Jacksonville, Sherwood, Stuttgart, Benton, Bauxite, East End, Scott, Pinnacle, Maumelle, Gibson, Landmark and Hensley.
The Little Rock Marathon welcomes runners of all experience levels to run its course each year.
That was best exemplified when its winners crossed the finish line.
The marathon featured 1,427 entrants, ages 16 to 80, with race veterans and first-timers of all ages competing Sunday morning.
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This was the 10th marathon for Benjamin Williams, a 42-year-old Baltimore resident originally from Australia. He hadn’t won prior Sunday but finished second in a marathon in Memphis in 2025 and was determined to finally get over the hump in Little Rock.
“It’s amazing,” Williams said. “I mean, it’s such a beautiful course, and it’s my first time in Arkansas. I love the city, and I’m just so excited to do it.
“I was desperate to win this one. I went to the front in the first mile, and then I ran on my own basically the whole way.”
Williams held an advantage of nearly a minute on the next-closet runner through the first 7 1/2 miles. By the time he hit the half marathon point, 13.1 miles, his lead was just shy of four minutes thanks to a 5:41 pace.
Williams won the marathon with a chip time of 2:32:07. Tyreek Gilkey, 22, of Fort Smith came second with a 2:39:02 chip time. Alec Hewett, 33, of Colorado Springs, Colo., finished third with a chip time of 2:39:50.
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“Little Rock is beautiful,” Williams said. “You know, I was focused on the race, but I’ve been able to see it the last few days, just walking around this beautiful city. The course is actually really hard. There’s a hill as you go up to Hillcrest, that neighborhood. That was a long, brutal hill. And then they get you with a little one just here at the end as well. So, yeah, it was a good course, but tough.”
Williams made sure to mention just how far he’s come in his marathon running career after winning his first.
“This is my 10th,” Williams said. “So hopefully it’s by some other people. My first one took me four hours, and I’ve just slowly brought it down.”
Williams also won the 5K on Saturday with a chip time of 16:22.7.
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As for the women’s race, it was first-timer Holly Moser, 25, who claimed first place. The Greeley, Colo., native who recently moved to Jacksonville finished seventh overall and first among female runners with a time of 2:53:23. She was second or third at each of the first five checkpoints before her 6:36 pace from Mile 21 to Mile 23 pushed her into first.
Moser, like most runners that compete in the Little Rock Marathon, highlighted the hills in the western portion of the course, particularly in the Hillcrest neighborhood, as a challenge.
“You guys managed to find every single hill that exists in the city somehow,” Moser said with a laugh. “I’m not sure how you did it, but you did. The energy was there, so it’s easy to get up those hills. And it was fun to kind of sightsee Little Rock. I still haven’t been to a lot of the neighborhood areas since we live in Jacksonville, so it was nice to get to see like a new area that I haven’t gotten to see before.”
Like Williams, Moser also ran the 5K the day before running the marathon. She finished seventh overall and third among women in that with a time of 19:49.4.
Leah Thorvilson, 47, of Bella Vista finished second among women with a chip time of 2:54:49. Erin Bellissimo, 41, of Monument, Colo., finished third with a 3:02:05 chip time.
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One other finish of note was Aaron McCaleb, who was the first marathon athlete overall to finish with a time of 1:59:48. Competing in the hand cycle division, McCaleb, 22, finished nearly 45 minutes before the nearest cyclist.
Temperatures remained favorable and fan support turnout was strong Sunday, giving competitors like Moser the boost they needed.
“The weather was perfect for the first like two hours, and then that sun came out and it got a little warm, but the support was unmatched,” Moser said. “I mean, every single booth that you passed, the vibes were high. Everyone was cheering. People were screaming your name. It’s easy to run fast when you got that many fans.”
Runners cross the Broadway Bridge as the sun rises over the Arkansas River during the Little Rock Marathon on Sunday, March 1, 2026. (Arkansas Democrat-Gazette/Colin Murphey)
Runners cross the Broadway Bridge into North Little Rock during the Little Rock Marathon on Sunday, March 1, 2026. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Runners cross the Broadway Bridge during the Little Rock Marathon on Sunday, March 1, 2026. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Runners cross the Broadway Bridge during the Little Rock Marathon on Sunday, March 1, 2026. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Runners cross the Broadway Bridge during the Little Rock Marathon on Sunday, March 1, 2026. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
A group of spectators watch runners cross the Broadway Bridge during the Little Rock Marathon on Sunday, March 1, 2026. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
A runner heads toward the finish line on the final stretch of the Little Rock Marathon on Sunday, March 1, 2026. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Runners cross the Broadway Bridge into North Little Rock during the Little Rock Marathon on Sunday, March 1, 2026. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Runners cross the Broadway Bridge into North Little Rock during the Little Rock Marathon on Sunday, March 1, 2026. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Holly Moser heads toward the finish line on the final stretch of the Little Rock Marathon on Sunday, March 1, 2026. Moser would go on to win the women’s race. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Benjamin Williams heads toward the finish line on the final stretch of the Little Rock Marathon on Sunday, March 1, 2026. Williams would go on to win the men’s race. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Benjamin Williams heads toward the finish line on the final stretch of the Little Rock Marathon on Sunday, March 1, 2026. Williams would go on to win the men’s race. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Runners cross the Broadway Bridge into North Little Rock during the Little Rock Marathon on Sunday, March 1, 2026. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Competitors run past the Arkansas state Capitol during the Little Rock Marathon on Sunday, March 1, 2026. See more photos at arkansasonline.com/32runners/ (Arkansas Democrat-Gazette/Colin Murphey)
Katie Bowser stops to give her husband Larry Bowser a kiss before turning onto Tenth Street from Main Street during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. Katie was running the full marathon. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Marion Milwee, 16, (from left) Jennifer Milwee and Shannon Butler Dixon cheer as Virginia Milwee, their sister, daughter and niece respectively turns on to Commerce Street from Ninth Street during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Melinda Asewicz holds up her glass in salute as runners move west on Ninth Street during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
A runner moves east along Fourth Street during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
A runner gets a drink from Andrea Rothman as he moves east along Fourth Street during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
A runner moves east along Fourth Street during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Runners move east along Fourth Street during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Holly Moser, 25, of Jacksonville, crosses the finish line during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. Moser won the women’s race with a time of 2:53:23 the finish line https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Holly Moser, 25, of Jacksonville, runs to the finish line during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. Moser won the women’s race with a time of 2:53:23 the finish line https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Benjamin Williams of crosses the finish line during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock.Williams won the men’s race with a time 2:32:07. https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Benjamin Williams of crosses the finish line during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock.Williams won the men’s race with a time 2:32:07. https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Benjamin Williams of Baltimore runs on Ninth Street during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. Williams won the men’s race with a time 2:32:07. https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Benjamin Williams of Baltimore runs on Fourth Street during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock.Williams won the men’s race with a time 2:32:07. https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Anne Henry Milner stretches out on the floor of the Statehouse Convention Center after completing the half marathon portion of the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Runners cross the finish line during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
A runner crosses the finish line during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
A runner crosses the finish line during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Runners cross the finish line during the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Runners take to the course at the start of the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
Sam (left) and Elliot Driver talk before the start of the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. Elliot was running in the half marathon. See more photos at https://www.arkansasonline.com/0302Runners/….(Arkansas Democrat-Gazette/Adam Vogler)..
Maly Tabor (left) and Mary Kate Reid stretch before the start of the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. Both women were running in the half marathon. See more photos at https://www.arkansasonline.com/0302Runners/….(Arkansas Democrat-Gazette/Adam Vogler)..
A group of runners walk down Main Street on their way to the Statehouse Convention Center for the start of the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0302Runners/….(Arkansas Democrat-Gazette/Adam Vogler)..
Volunteers gather outside of the Statehouse Convention Center before the start of the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0302Runners/….(Arkansas Democrat-Gazette/Adam Vogler)..
A runner walks towards the starting line of the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0302Runners/….(Arkansas Democrat-Gazette/Adam Vogler)..
Runners take to the course at the start of the 2026 Little Rock Marathon Sunday, March 1, 2026, in Little Rock. See more photos at https://www.arkansasonline.com/0301Runners/..(Arkansas Democrat-Gazette/Adam Vogler)
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