Trimble

What carriers are doing to weather the storm

A collapse in volumes, an overabundance of carriers in the market and rising operational costs have tested transportation providers’ endurance. All the while, companies continue to combat deep-rooted issues that plague the industry, especially the ongoing driver shortage.

But it’s not all doom and gloom. If history and past trucking cycles tell us anything, the market will inevitably recover. Meanwhile, companies can use this time to reassess operations and make preparations that will better...

https://www.freightwaves.com/news/what-carriers-are-doing-to-weather-the-storm

Trimble’s Q1 transportation revenue falls 2% to $155M

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Trimble Inc. on Wednesday reported that its first-quarter transportation revenue decreased just 2%...

Trimble’s transportation revenue falls 3% in Q4

Trimble Inc. on Wednesday reported transportation revenue decreased 3% year over year (y/y) to $150 million during the fourth quarter. 

For full-year 2022, transportation revenue totaled $604.2 million, a 5% y/y decrease from ’21.

Trimble is a Westminster, Colorado-based provider of technology solutions for trucking companies, freight brokerages and 3PLs. In addition to transportation, the company also also operates in industries such as buildings and infrastructure, geospatial hardware and...

https://www.freightwaves.com/news/trimbles-transportation-revenue-falls-3-in-q4

Trimble to acquire transportation management platform Transporeon for $1.9B

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Technology solutions provider Trimble Inc. has announced it will acquire German logistics company Tra...

Trimble to shut down TMS provider Kuebix

Just two years after acquiring Kuebix in a $200 million deal, Trimble said it will shut down the transportation management system provider. 

Kuebix will be entirely shuttered by the end of 2025 as Trimble pivots to Engage Lane, a recently launched transportation procurement platform, company officials said.

“We are pivoting our strategy to support shippers through Engage Lane, and we believe the Kuebix team will be an invaluable resource in helping us to deliver on our broader cloud-first...

https://www.freightwaves.com/news/trimble-to-shutdown-tms-provider-kuebix

Trimble’s 2nd-quarter transportation revenue drops 8%

A white truck travels on a road with mountains and technology icons in the background.

Supply chain technology provider Trimble Inc. reported on Friday an 8% year-over-year (y/y) drop in transportation revenue to $150 million.

Trimble (NASDAQ: TRMB) reported total revenue of $941 million, a 0.4% decrease from the second quarter of 2021. This follows record revenue of $994 million in Q1.

The Sunnyvale, California-based company reported adjusted earnings per share of 63 cents, an 11% y/y decrease. Adjusted operating income decreased by nearly 8% y/y to $211 million.

Trimble is a...

https://www.freightwaves.com/news/trimbles-2nd-quarter-transportation-revenue-drops-8

Trimble hits record revenue in 1st quarter of $994M

White tractor-trailers are lined up beneath a technology background.

Trimble Inc. reported Thursday record first-quarter revenue of $994 million, a 12% year-over-year increase.

Trimble (NASDAQ: TRMB) reported a 2% increase in transportation revenue year-over-year to nearly $159 million in the first quarter after a 3% year-over-year slump during the fourth quarter of 2021 due to supply chain disruptions. 

“We continue to progress in the conversion of our transportation enterprise software business to recurring revenue models and make good progress in developing a...

https://www.freightwaves.com/news/trimble-hits-record-revenue-in-1st-quarter-of-994m

Rail roundup: CSX offers advance payments to union members in a bid to repair ‘dysfunctional’ dynamic

A photograph of a CSX train.

As part of a broader effort to repair the relationship between the railroads and the unions, CSX is advancing monthly advance payments on future wage adjustments to union employees as both parties continue to undergo labor negotiations. 

CSX (NASDAQ: CSX) made the tentative agreement with trainmen and yardmasters with the Sheet Metal, Air, Rail and Transportation Workers, Transportation Division (SMART-TD). The railroad said it would reach out to other labor representatives to reach similar...

https://www.freightwaves.com/news/rail-roundup-csx-offers-advance-payments-to-union-members-in-a-bid-to-repair-dysfunctional-dynamic

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

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