As I was doing bath salts in my Memphis condo, my English butler Chives and I shared in a revelation. I was looking at the FedEx Logo underneath Fred's circular face as I was throwing darts at him and I noticed something. The shape between the E and the X is an arrow! In all the years I've slaved away (i.e. sat at a desk eating) for this company, I never noticed this. I don't agree with the direction of the arrow. I think it should be pointed the other way to represent the backward mobility of this company.