Smith’s professor apparently didn’t see the revolutionary implications of his thesis, and the paper received just an average grade. He proposed a system specifically designed to accommodate time-sensitive shipments such as medicine, computer parts, and electronics. Most airfreight shippers relied on passenger route systems, but those didn’t make economic sense for urgent shipments, Smith wrote. In the paper, he laid out the logistical challenges facing pioneering firms in the information technology industry. Smith wrote a term paper that invented an industry and changed what’s possible. ![]() ![]() ![]() In 1965, Yale University undergraduate Frederick W.
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