Fred Underwood is a commissioner of the Texas Transportation Commission, which oversees statewide activities of the Texas Department of Transportation. Underwood was appointed commissioner by Gov. Rick Perry on January 8, 2007.
Underwood is president and CEO of the Trinity Company, a cotton bale storage facility. He serves as chairman of the Ways and Means Committee of the Cotton Warehouse Association, where he previously served as president. He is both past vice president and past director of the National Cotton Council, and was a member of the advisory committee of Plains Capital Corporation.

Underwood also previously served as chairman of Lubbock International Airport Board and as a board member of the Lubbock Chamber of Commerce. Underwood received a bachelor’s degree in management from Texas Tech University.