What shape is hidden in the FedEx logo?

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The white space between the "E" and the "x" in "Ex" is an arrow pointing towards the right.
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81%
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80%
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10
flagthe United Kingdom
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10%
75%
6%
120
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73%
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15
flagPoland
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22
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58%
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flagGermany
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flagRepublic of Ireland
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flagCzech Republic
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flagIndia
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flagAustria
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flagRomania
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20%
10