Zinger Key Points
- Trimble shares surged 3.44% after launching Transporeon Visibility, offering real-time shipment tracking and AI-powered ETA for carriers.
- Trimble sold its global telematics business to Platform Science, gaining a 32.5% stake and board seat.
- Discover Fast-Growing Stocks Every Month
Trimble Inc. TRMB shares are trading higher Monday after the company announced the launch of Transporeon Visibility in North America, which provides real-time shipment tracking and AI-powered estimated time of arrival for carriers and shippers across road, ocean and air sectors.
Additionally, Trimble announced the sale of its global telematics business to Platform Science while securing a 32.5% stake in the newly expanded business. Trimble will also gain a seat on Platform Science's board.
TRMB Price Action: Trimble stock was up by 3.73%, trading at $58.60 according to Benzinga Pro.
See Also:
Image: Shutterstock/ solarseven.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
