Latest news with #TeletracNavman
Yahoo
2 days ago
- Business
- Yahoo
Vontier (VNT) Stock Trades Up, Here Is Why
What Happened? Shares of electronic equipment provider Vontier (NYSE:VNT) jumped 3.3% in the afternoon session after its subsidiary Teletrac Navman announced it is deploying next-generation AI-enabled Smart Dashcams to boost safety for the Canal & River Trust's fleet. The deployment of these AI-enabled Smart Dashcams is for the Canal & River Trust, a charity responsible for managing waterways in England and Wales. This initiative is designed to enhance safety and driver wellbeing through investments in new technology. The news builds on recent positive momentum for the company, which reported strong second-quarter results in late July, beating analyst estimates and raising its full-year earnings guidance. This solid performance prompted several analysts to upgrade the stock or raise their price targets in early August, contributing to a consensus "Moderate Buy" rating from Wall Street, signaling growing confidence in Vontier's business trajectory. After the initial pop the shares cooled down to $41.82, up 3.6% from previous close. Is now the time to buy Vontier? Access our full analysis report here, it's free. What Is The Market Telling Us Vontier's shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. Vontier is up 16% since the beginning of the year, and at $41.82 per share, has set a new 52-week high. Investors who bought $1,000 worth of Vontier's shares at the IPO in September 2020 would now be looking at an investment worth $1,230. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
Techday NZ
28-07-2025
- Business
- Techday NZ
NZ civil construction sector faces confidence drop, workforce shortage
New research from Civil Contractors New Zealand and Teletrac Navman shows that New Zealand's civil construction industry is contending with a drop in business confidence and shrinking workforce numbers, but many businesses remain focused on finding solutions. The 2025 Construction Industry Survey, now in its ninth edition, compiles feedback from sector professionals and reveals a mixed picture. Of those surveyed, 16 percent reported a positive business outlook - a significant decrease from 50 percent in 2021. Alongside this decline, 42 percent of businesses reported downsizing or laying off staff over the past 12 months, with 73 percent citing a lack of work as the industry's predominant challenge, compared to just 15 percent in 2021. Despite the difficult operating environment, almost half (47 percent) of civil construction businesses expressed confidence in their ability to withstand and overcome current challenges. Many are responding by investing in new technology and climate-resilient projects with the aim of supporting business growth and meeting community needs. Government pipeline concerns Industry leaders point to uncertainty surrounding the project pipeline as a critical factor in declining business confidence. Alan Pollard, Chief Executive at Civil Contractors New Zealand, said: "New Zealand's civil construction industry is facing a confidence crisis where a lack of work, and uncertainty is placing the long-term health of the industry at risk, but there is plenty of hope on the horizon." The National Infrastructure Pipeline, managed by the New Zealand Infrastructure Commission, currently forecasts projects worth USD $207 billion across central government, local government and private sector contributions. Despite this, Pollard says there is often a gap between forecasted investments and projects reaching the market, with many projects delayed for prolonged periods. He emphasised the need for more transparent communications regarding project opportunities and more stable investment to provide certainty for infrastructure construction workers. The impact is particularly pronounced for small and medium-sized enterprises (SMEs), which make up 60 percent of the sector. The survey found that 27 percent of SMEs expect their revenues to decrease in 2025, which is three times the number from the 2021 survey. Pollard continued: "It's never been more important for central and local government to step up with a clearer, more consistent and visible pipeline of infrastructure construction and maintenance work, rather than just announcements. We see this playing a central role in strengthening business confidence, helping to keep skilled workers in the industry, and ensuring we're ready to meet not just today's needs, but also New Zealand's future infrastructure needs." Skills and workforce challenges The survey highlights that human resources and skills are a significant issue. Seventy-three percent of respondents reported a lack of available work for contractors, up from only 15 percent in 2021. This environment increases the risk of skilled professionals seeking employment overseas or leaving the sector to maintain income security. Looking ahead, 85 percent of civil construction professionals believe that clarity around central and local government projects is needed to restore business confidence and financial stability in the sector. Climate change and infrastructure Resilience to climate change is another matter raised by respondents. Fifty-eight percent are not confident in New Zealand infrastructure's current ability to withstand climate change. Civil construction professionals are unified in calling for greater investment in resilience infrastructure, such as seawalls and stopbanks, seeing these developments as essential for community safety during flood or fire events. Role of technology Technology is increasingly being recognised as a strategy for business efficiency and growth in New Zealand's civil construction sector. More than 40 percent of those surveyed indicated that adopting technology could help improve efficiency and manage ongoing challenges. Over half of business leaders say that mandated technology assists them in securing new work, indicating a shift in how projects are approached. James French, Construction Industry Specialist ANZ at Teletrac Navman, said: "While confidence in the sector is under pressure, our research with CCNZ clearly shows that businesses that embrace digital tools and connected platforms are positioning themselves to win work and navigate today's industry uncertainty. Technology isn't just a nice-to-have for civil construction businesses – It's become a business imperative. This year's Civil Construction Industry Report revealed that 60 percent of business leaders in the sector say that mandated technology helps them win work, so its clear technology is playing a key role in building a more resilient and competitive civil construction industry." The annual report by Teletrac Navman and Civil Contractors New Zealand aims to provide data-driven insights to support the sector as it navigates changing market conditions and prepares for future demands. The 2025 survey was based on 172 responses from civil construction professionals gathered between May and June 2025.
Yahoo
22-07-2025
- Automotive
- Yahoo
Teletrac Navman Debuts Multi IQ; AI-Powered Camera Delivers 360 Visibility and Enhanced Safety Insights for Fleet Operators
NORTHBROOK, Ill., July 22, 2025--(BUSINESS WIRE)--Teletrac Navman, a leading connected mobility platform and Vontier company, today announced the debut of its Multi IQ Camera, a cloud-based dashcam solution designed for operators of large commercial vehicles that want to increase visibility to improve safety and also benefit from the AI capabilities of forward facing and driver cameras. The Multi IQ Camera can connect up to five cameras across the vehicle: cab interior, side, rear, cargo area or undercarriage cameras, alongside its built-in high-definition dual-front and driver-facing dashcam. The multi-cam format addresses the key challenges faced by trucks and large vehicle combinations where blind spots are significant and ever-present. "The Multi IQ Camera represents a breakthrough — it's the first, fully-integrated, AI-powered solution that works effortlessly with our TN360 fleet management platform to deliver a complete visual footprint of the entire vehicle," said Andrew Rossington, Chief Product Officer at Teletrac Navman. "We're equipping fleet operators with real-time video coverage from every angle, combined with smart insights they can act on. From minimizing blind spots and improving driver coaching to protecting against false claims, this technology helps fleets operate more safely and efficiently." Providing full situational awareness for fleet managers and drivers across every size of fleet vehicle, the Multi IQ Camera solution uses advanced AI analytics to detect and flag incidents, such as drowsiness, distracted drivers, risky driving and potential collisions that require action and records them in high definition. These events can then be used for further driver coaching or if needed, for evidentiary needs. Detection of incidents such as these are a critical feature given insights gained from Teletrac Navman's 2025 Mobilizing the Future of Fleets Report, which discovered that 70% of businesses are experiencing the impact of distracted driving incidents, with 68% citing mobile phone use as the leading cause. Integrated within TN360, Teletrac Navman's fleet management platform, the new solution provides a single source of truth across video, location data, and vehicle and driver performance. With cameras introducing vast volumes of new data including events, alerts and high-definition footage, Teletrac Navman has developed intelligent workflows within TN360 to help operators manage these additional data resources, with tools that tag events for review, support driver training, and ensure key incidents are not overlooked. Additionally, new camera health features provide visibility into camera functionality and confirm whether devices are fully operational with unobstructed vision. This allows for immediate access to footage and insights, ensuring that transport operators can make faster, data-informed decisions that protect people, assets and reputations. "Dashboard cameras and telematics are essential tools for enhancing truck driver safety. Together, they provide real-time visibility and data that help identify risky behavior, support proactive coaching, and protect drivers with clear evidence in the event of an incident. It's not just about monitoring — it's about creating a safer, smarter environment on the road for everyone," adding Rossington. About Teletrac Navman Teletrac Navman's goal is to empower the industries that transform and sustain our futures with simple and intelligent solutions that enhance the efficiency, safety, and sustainability of their operation. As a connected mobility platform for industries that manage vehicle and equipment assets, Teletrac Navman simplifies the complex so that its customers can transform the way they work through cloud-based solutions that leverage AI to unlock the power of operational insight. Teletrac Navman manages more than 700,000 vehicles and assets around the world. The company operates globally, with offices worldwide and headquarters in Northbrook IL. For more information visit Teletrac Navman is a Vontier company. About Vontier Vontier is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide. Additional information about Vontier is available on the Company's website View source version on Contacts Media Contact: E: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
22-07-2025
- Automotive
- Business Wire
Teletrac Navman Debuts Multi IQ; AI-Powered Camera Delivers 360 Visibility and Enhanced Safety Insights for Fleet Operators
NORTHBROOK, Ill.--(BUSINESS WIRE)-- Teletrac Navman, a leading connected mobility platform and Vontier company, today announced the debut of its Multi IQ Camera, a cloud-based dashcam solution designed for operators of large commercial vehicles that want to increase visibility to improve safety and also benefit from the AI capabilities of forward facing and driver cameras. The Multi IQ Camera can connect up to five cameras across the vehicle: cab interior, side, rear, cargo area or undercarriage cameras, alongside its built-in high-definition dual-front and driver-facing dashcam. The multi-cam format addresses the key challenges faced by trucks and large vehicle combinations where blind spots are significant and ever-present. 'The Multi IQ Camera represents a breakthrough — it's the first, fully-integrated, AI-powered solution that works effortlessly with our TN360 fleet management platform to deliver a complete visual footprint of the entire vehicle," said Andrew Rossington, Chief Product Officer at Teletrac Navman. "We're equipping fleet operators with real-time video coverage from every angle, combined with smart insights they can act on. From minimizing blind spots and improving driver coaching to protecting against false claims, this technology helps fleets operate more safely and efficiently." Providing full situational awareness for fleet managers and drivers across every size of fleet vehicle, the Multi IQ Camera solution uses advanced AI analytics to detect and flag incidents, such as drowsiness, distracted drivers, risky driving and potential collisions that require action and records them in high definition. These events can then be used for further driver coaching or if needed, for evidentiary needs. Detection of incidents such as these are a critical feature given insights gained from Teletrac Navman's 2025 Mobilizing the Future of Fleets Report, which discovered that 70% of businesses are experiencing the impact of distracted driving incidents, with 68% citing mobile phone use as the leading cause. Integrated within TN360, Teletrac Navman's fleet management platform, the new solution provides a single source of truth across video, location data, and vehicle and driver performance. With cameras introducing vast volumes of new data including events, alerts and high-definition footage, Teletrac Navman has developed intelligent workflows within TN360 to help operators manage these additional data resources, with tools that tag events for review, support driver training, and ensure key incidents are not overlooked. Additionally, new camera health features provide visibility into camera functionality and confirm whether devices are fully operational with unobstructed vision. This allows for immediate access to footage and insights, ensuring that transport operators can make faster, data-informed decisions that protect people, assets and reputations. "Dashboard cameras and telematics are essential tools for enhancing truck driver safety. Together, they provide real-time visibility and data that help identify risky behavior, support proactive coaching, and protect drivers with clear evidence in the event of an incident. It's not just about monitoring — it's about creating a safer, smarter environment on the road for everyone,' adding Rossington. About Teletrac Navman Teletrac Navman's goal is to empower the industries that transform and sustain our futures with simple and intelligent solutions that enhance the efficiency, safety, and sustainability of their operation. As a connected mobility platform for industries that manage vehicle and equipment assets, Teletrac Navman simplifies the complex so that its customers can transform the way they work through cloud-based solutions that leverage AI to unlock the power of operational insight. Teletrac Navman manages more than 700,000 vehicles and assets around the world. The company operates globally, with offices worldwide and headquarters in Northbrook IL. For more information visit Teletrac Navman is a Vontier company. About Vontier Vontier is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide. Additional information about Vontier is available on the Company's website
Scoop
11-07-2025
- Automotive
- Scoop
Road Transport Workforce Report Released
National road freight association Transporting New Zealand has released the landmark 2025 Road Transport Workforce Report, in collaboration with Teletrac Navman. The report explores how the demographic makeup of New Zealand's road freight industry evolved between 2013 and 2023, drawing from previously unreleased census data. The detailed snapshot of New Zealand's trucking workforce revealed key insights around age, gender, nationality and ethnicity. Drivers aged over 65 made up more than 10 per cent of the workforce in 2023. This finding echoed that of the recent 2025 National Road Freight Survey, in which almost half of industry respondents (47 per cent) indicated that "up to 25 per cent" or more of their staff would retire or leave the industry in the next five years. The workforce report also found that the number of female truck drivers increased by 240 per cent between 2013 and 2023. Female drivers made up six per cent of the truck driving workforce in 2023. Migrant workers are also playing an increasingly important role with almost 25 per cent of drivers being born overseas as of 2023. Transporting New Zealand Chief Executive Dom Kalasih says the report provides a valuable insight into the truck driving workforce. "Truck drivers make up 1.2% of New Zealand's total workforce, making it the 11th most common occupation in the country." "With nearly 93% of New Zealand's total freight tonnage moved by road, the demand for road freight services will only increase as our population continues to grow. Ensuring that the sector is staffed with skilled, capable drivers is more important than ever." "As the workforce gets older, more truck drivers will reduce their hours or retire, leaving severe skill shortages. The road freight industry and the government must work together to ensure new entrants are supported through the driver development pipeline". "The report sets out how Transporting New Zealand has been responding to these challenges, and how the road freight industry can develop, recruit and retain a diverse and resilient workforce." "We're very grateful to Teletrac Navman for supporting the Road Transport Workforce Report, as part of the multi-year Te ara ki tua Road to Success workforce development programme." The full 2025 Road Transport Workforce Report can be viewed here. About Ia Ara Aotearoa Transporting New Zealand Ia Ara Aotearoa Transporting New Zealand is the peak national membership association representing the road freight transport industry. Our members operate urban, rural and inter- regional commercial freight transport services throughout the country. Road is the dominant freight mode in New Zealand, transporting 92.8% of the freight task on a tonnage basis, and 75.1% on a tonne-km basis. The road freight transport industry employs over 34,000 people across more than 4700 businesses, with an annual turnover of $6 billion.
