Freightways (NZSE:FRE), which the Fund has owned since 2006, is a New Zealand-domiciled provider of express package and business mail services. Freightways has benefitted from increased business-to-consumer shipments as Covid-19-related stay-at-home mandates have driven growth in online orders.

From David Herro (Trades, Portfolio)’s Oakmark Intl Small Cap (Trades, Portfolio) Fund fourth-quarter 2020 shareholder commentary.

About the author:

Sydnee Gatewood

I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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