transportation technology

Trimble’s transportation revenue down 3% year-over-year in Q4

Trimble Inc.’s transportation revenue decreased 3% year-over-year to $155 million during the fourth quarter. 

The company’s transportation segment was adversely impacted by supply chain challenges both at Trimble and its OEM customers, David Barnes, chief financial officer, said during an earnings call Wednesday.

“On the cost side, we experienced meaningful component inflation and high freight costs, and we incurred costs related to realigning our product portfolio toward available components,”...

https://www.freightwaves.com/news/trimbles-transportation-revenue-down-year-over-year-in-q4

De Muynck to address shippers in F3 insights on transportation technology strategies

Gartner Vice President of Research Bart De Muynck will speak on shippers’ transportation technology strategies and road maps in a live presentation at FreightWaves’ F3 Virtual Experience at approximately 10 a.m. ET Thursday. 

In addition to Thursday’s live presentation, De Muynck will host two sessions at F3, one focusing on advanced analytics and the other on sustainability in transportation and logistics. De Muynck is a 30-year supply chain veteran, beginning at Penske Logistics, then Elemica,...

https://www.freightwaves.com/news/de-muynck-to-address-shippers-in-f3-insights-on-transportation-technology-strategies

Trimble tops analysts’ Q3 expectations in revenue, earnings per share

Trimble Inc.’s third-quarter total revenue of more than $901 million and adjusted earnings per share of 66 cents beat analyst expectations.

Wall Street analysts had forecast EPS of 59 cents per share and revenue of $877.5 million for the quarter. During the third quarter of 2020, Trimble reported EPS of 34 cents and $792.8 million in revenue.

CEO Robert Painter said Wednesday during an earnings call that the company is “raising our annual earnings guidance despite a tightening supply chain...

https://www.freightwaves.com/news/trimble-transportation-segment-reports-161m-in-revenue

Trimble’s transportation segment reports 9% revenue increase

Trimble Navigation Ltd. on Wednesday reported second-quarter revenue of $945 million, a 29% increase compared to the same period last year.

The company posted quarterly earnings of 72 cents per share on net income of $138.9 million. Trimble topped analysts’ estimates for the second quarter, which predicted earnings of 60 cents per share and revenue of $866 million. 

“We achieved record levels of revenue in many of our businesses with exceptionally strong performance in machine control and civil...

https://www.freightwaves.com/news/trimbles-transportation-segment-reports-9-revenue-increase

Last-mile delivery made smarter with transit technology

Once regarded as stubbornly resistant to change, transportation and logistics is fast becoming a high-tech industry as entire supply chains reshape themselves around the demands of 21st century consumers. Innovators and disruptors are working to build brand-new solutions to age-old industry issues, and they just so happen to be building the supply chain of the future while they’re at it. 

Mobility technology has exploded over the past several years, giving people the ability to hail a ride on...

https://www.freightwaves.com/news/last-mile-delivery-made-smarter-with-transit-technology