Trimble

Overcapacity remains key challenge, Trimble-Transporeon report finds

Trimble’s (NYSE: TRMB) newly released Transporeon report identifies overcapacity and nearshoring as two of several key factors impacting the future of the truckload transportation sector in North America.

The report analyzes market trends and data based on survey responses from Indago supply chain research community members as well as the Transporeon shipper and carrier community, according to an emailed news release Wednesday from Trimble.

Westminster, Colorado-based TMS provider Trimble acquired...

https://www.freightwaves.com/news/overcapacity-remains-key-challenge-trimble-transporeon-report-finds

FreightTech Friday: Cover Whale closes Series A to grow insurtech offering

Insurtech company Cover Whale announced it has closed on $27.5 million in debt and equity funding managed by Morgan Stanley Expansion Capital to continue growing its platform and solutions.

As a part of this fundraising event, previous debt investors agreed to convert their owed shares to Series A preferred shares. The company has raised $43 million since founding in 2019.

With its improved balance sheet, the company looks to continue investing in its platform to improve its commercial truck...

https://www.freightwaves.com/news/freighttech-friday-cover-whale-closes-series-a-to-grow-insurtech-offering

Trimble records Q1 transportation revenue of $195M

Supply chain technology provider Trimble Inc. posted first-quarter transportation and logistics revenue of $195 million, a 33% year-over-year (y/y) increase.

CEO Rob Painter said Trimble’s transportation and logistics segment was boosted by strong bookings from the company’s Transporeon unit.

Transporeon is a Germany-based logistics company that uses a cloud-based TMS to connect carriers, logistics service providers and shippers. Trimble acquired the company in December 2022 for $1.98 billion.

“Tra...

https://www.freightwaves.com/news/trimble-records-q1-transportation-revenue-of-195m

White Paper: Carriers Weigh In on State of Cybersecurity

Cybersecurity concerns are becoming increasingly common as cyberattacks and ransomware breaches make headlines throughout the logistics industry. Over half of carriers recently surveyed have either been directly impacted by a security issue or seen their peers impacted.

In this new white paper, Trimble and FreightWaves address the state of cybersecurity, overall perception of threats in the industry, and how carriers are managing security in their own fleets.

Insights Include:

  • Risks associated...

https://www.freightwaves.com/news/white-paper-carriers-weigh-in-on-state-of-cybersecurity

Trimble’s transportation revenue up 30% year-over-year

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Trimble Inc. reported fourth-quarter transportation revenue of $194.8, a 30% year-over-year...

https://www.freightwaves.com/news/trimbles-transportation-revenue-up-30-year-over-year

Mexico’s booming exports expected to boost cross-border trade in 2024

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As more global supply chains shift manufacturing to Mexico, cross-border operators said nearshoring...

https://www.freightwaves.com/news/mexicos-booming-exports-expected-to-boost-cross-border-trade-in-2024

FreightWise acquires TMS provider Kuebix from Trimble

Nashville,Tennessee-based FreightWise has acquired transportation management system software provider Kuebix from Trimble Inc.

The acquisition was announced Thursday and comes just over a year after Trimble announced it was shutting down Kuebix as the company pivoted to another platform.

FreightWise CEO Chris Cochran said as soon as he heard the news that Trimble was sunsetting Kuebix, he was interested in buying the TMS provider, which once had one of the largest connected shipping communities...

https://www.freightwaves.com/news/freightwise-acquires-tms-provider-kuebix-from-trimble

Trimble’s transportation revenue jumps 35% in Q3

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Despite a challenging freight market, Trimble Inc. said its transportation segment performed well...

https://www.freightwaves.com/news/trimbles-transportation-revenue-jumps-35-in-q3

Trimble’s Q2 transportation revenue grows 30% to $194M

Trimble Inc. posted second-quarter earnings that beat analyst expectations as the technology company reported year-over-year (y/y) growth in its buildings/infrastructure and transportation units.

“In transportation, the market remains challenging with the soft freight market pressuring carriers to streamline their operations for cost savings to increase asset utilization and increase the productivity of their nondriver workforce,” Rob Painter, Trimble’s president and CEO, said during a call with...

https://www.freightwaves.com/news/trimbles-q2-transportation-revenue-grows-30-to-194m

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