Reported about 20 hours ago
In the third quarter, the Bill and Melinda Gates Foundation made notable stock purchases, acquiring 1 million shares each of FedEx and Paccar, signaling a bullish outlook for the transportation sector. Despite challenges such as revenue declines at both companies, the foundation's investment reflects confidence in a potential recovery in the freight transportation industry, especially as interest rates decrease and economic indicators suggest a rebound is on the horizon.
Source: YAHOO