Federal Express

8 statements across 2 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Sep 9, 2025 by Shane Parrish · across every show →

Everything said about Federal Express, oldest first

Sep 9, 2025
Assertion Partly supported
Parrish: FedEx reached $1 billion revenue within 10 years without acquisitions
“By 1979, Federal Express hit one billion dollars in revenue. The first American company to reach that milestone in under 10 years at that point without any acquisitions.”
Shane Parrish Sep 9, 2025 ▶ 29:51 Fred Smith: The Story of FedEx [Outliers]
Sep 9, 2025 positive
Assertion Supported
Fred Smith Raised a Record $91 Million in Venture Capital
“By late, he'd raised ninety-one million dollars in venture capital. More than any startup had ever raised at that point.”
Shane Parrish Sep 9, 2025 ▶ 20:30 Fred Smith: The Story of FedEx [Outliers]
Sep 9, 2025
Assertion Contradicted
Switching to Per-Shift Pay Fixed FedEx's Nightly Sorting Bottleneck
“Federal Express changed one thing. They started paying by the shift, not the hour. Get done faster, go home earlier, exact same pay. Up until that point, the sort had been a nightly disaster, and suddenly it ran like clockwork.”
Shane Parrish Sep 9, 2025 ▶ 25:35 Fred Smith: The Story of FedEx [Outliers]
Sep 9, 2025
Assertion Supported
FedEx Owned 45% of the US Overnight Market by 1988
“By 1988 Federal Express owned 45% of the U.S. Overnight market”
Shane Parrish Sep 9, 2025 ▶ 33:47 Fred Smith: The Story of FedEx [Outliers]
Sep 9, 2025
Assertion Supported
Parrish: Congress deregulated air cargo in 1977 via the Federal Express Bill
“In 1977, Congress passed the Federal Express Bill deregulating air cargo completely.”
Shane Parrish Sep 9, 2025 ▶ 29:11 Fred Smith: The Story of FedEx [Outliers]
Sep 9, 2025
Insight
Parrish: Visual systems beat verbal communication when operational speed matters
“When speed matters, seeing beats talking.”
Shane Parrish Sep 9, 2025 ▶ 29:48 Fred Smith: The Story of FedEx [Outliers]
Sep 9, 2025
Assertion Supported
Fred Smith Saved FedEx Payroll by Winning $27,000 at Vegas Blackjack
“Smith Flew to Las Vegas with the company's last 5000 dollars, and by Monday morning, he'd won 27,000 dollars at Blackjack, enough for fuel and payroll for another few weeks.”
Shane Parrish Sep 9, 2025 ▶ 24:12 Fred Smith: The Story of FedEx [Outliers]
Nov 18, 2025 positive
Assertion Supported
Parrish: FedEx Solved Overnight Delays by Paying Shifts Instead of Hourly
“Pay them by the shift, so when they're done, they can just go home. The problem ended literally overnight.”
Shane Parrish Nov 18, 2025 ▶ 3:58 Charlie Munger: The Psychology of Human Misjudgment [Outliers]
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