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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.
In 1993, Express Scripts signed on both FHP International Corp. and Maxicare Health Care and corporate clients Lockheed Corp., Service Merchandise Co., and Ingersoll-Rand Co. In 1994, the company expanded its services by adding workersâ compensation prescription services and reinsurance.