Trimble’s (TRMB) stock has delivered strong performance in recent months, driven by growth in its buildings, infrastructure, and transportation segments. While the company’s expanding portfolio and recurring revenue growth are promising, the North American transportation mobility business faces headwinds and its valuation remains high.
Trimble Inc. (TRMB) shares surged on Monday after the company announced the launch of Transporeon Visibility in North America. This new service provides real-time shipment tracking and AI-powered estimated arrival times for carriers and shippers across different transportation modes. Additionally, Trimble sold its global telematics business to Platform Science, securing a significant stake in the expanded company and a board seat.
