Supply chain technology provider Trimble Inc. posted first-quarter transportation and logistics revenue of $146 million, a 25% year-over-year decrease.
CEO Rob Painter said Trimble’s transportation and logistics segment saw 7% annual recurring revenue growth in the quarter despite the ongoing freight recession.
Growth in the transportation segment was primarily driven by strong performance in the company’s Maps and Transporeon business units.
“Annual recurring revenue in transportation grew 7% to...
https://www.freightwaves.com/news/trimbles-first-quarter-transportation-revenue-falls-25-to-146m