Where is the arrow in the FedEx logo?

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Tags

1. #symbol
2. #however
3. #hidden
4. #simple
5. #linden
6. #arrow
7. #landor
8. #right
9. #precision
10. #fedex
11. #associates
12. #first
13. #facing
14. #subliminal
15. #between
16. #space
17. #leader
18. #white
19. #intended
20. #straightforward
21. #speed
22. #appears
23. #designed