There is an arrow between the E and X in Fedex
And the straight line in the small e is an axle connecting the wheels represented by the cirular shapes of e and d. The two colors represent both ground and air. I forget which is which, but the F and E supposedly represent an air terminal and a ground terminal. I think the F is ground, and the E is air, because the x represents the airport runways. Or so I've heard it explained.
And for more useless FedEx trivia, reportedly Frederick Smith (founder of FedEx), received a rather low grade in a business course when he submitted a class assignment/proposal outlining plans for a joint ground/air delivery service utilizing central hubs. Heard that one from a speaker once talking about sticking with your ideas and not letting folks tell you it can't be done. I have no idea whether there is any fact to it or not. Just makes for an interesting story.
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