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.
- Get two weeks of free access to pro-level trading tools, including news alerts, scanners, and real-time market insights.
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.
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