Latest news with #TransportLogistics
Yahoo
08-08-2025
- Business
- Yahoo
In brief comments, Trimble CEO introduces new product for matching capacity with shippers
Quarterly earnings at the Transport & Logistics (T&L) segment of Trimble Inc. for the second quarter were the first for a full quarter since it closed the sale of its telematics division in February. But while that complex divestiture was impacting some of its financial numbers, the earnings report also gave Trimble (NASDAQ: TRMB) an opportunity to signal a new upcoming offering from the T&L segment, Freight Marketplace. On the earnings call with analysts, Trimble CEO Rob Painter mentioned Freight Marketplace briefly, saying the company was 'accelerating our rollout in the U.S.' There was no other mention of it during the call or in the company's earnings release. Freight Marketplace, Painter said, 'enables real time capacity sourcing for shippers, carriers and brokers.' On the website dedicated to Freight Marketplace, Trimble described the product as one that 'empowers shippers and carriers to seamlessly connect, negotiate, and succeed with a global network.' 'Combining the functions of a procurement solution with the dynamics of a marketplace to enable real-time capacity sourcing and collaboration,' the company said about Freight Marketplace on the website. 'Expand your network, gain higher win rates, and optimize your ability to unlock unprecedented growth with our digital freight marketplace.' It isn't a load board If that sounds something like a load board, a spokeswoman for Trimble said that was not the case. A load board, the spokeswoman said in an email to FreightWaves, has as a drawback that 'shippers and carriers do not necessarily know who they're dealing with, and have to manage through volatile freight rates & negotiations, capacity constraints, carrier reliability issues, etc.' The capabilities of Freight Marketplace, she added, include 'AI-enabled carrier verifications of documents and certifications to reduce time and risk; ability to find trusted partners with detailed service offerings, verified information, and specified expertise; (and) fair and competitive bidding transparency for better RFQ, mini bid or spot request outcomes.' Freight Marketplace was made possible through the Trimble acquisition in 2023 of Transporeon, which at the time was Europe-based. Freight Marketplace is built on the Transporeon platform. The rollout of the product is in 'early adoption,' the spokeswoman said. 'There will be more news on Freight Marketplace coming very soon.' As to the earnings report, figuring out how well Trimble's T&L group did in the second quarter requires something other than an apples-to-apples comparison, given Trimble's sale earlier this year of its telematics business that included its ELD product offering. On the surface, the T&L group, which is a major provider of transportation management systems, saw a large drop in revenue in the second quarter of 2025 compared to 2024. But that would be expected, given its sale of the telematics business, known formally as Trimble Mobility, to venture capital-backed Platform Science. The sale closed in February. That deal was not a cash transaction. Instead, Trimble took back a 32.5% stake in Platform Science. Revenue at T&L fell to $132.7 million from $191.8 million a year earlier. Operating income declined to $28.6 million from $35.9 million. Telematics divestiture may be positive for margins But in one regard, the sale may have made the T&L segment more profitable. Operating margin at the T&L segment in the second quarter of 2025 was 21.6%. A year ago, with the now-sold telematics business still in the segment, the margin was 18.7%. For the first half of 2025, the operating margin was 19.6%, compared to 18.7% in the first half of 2024. In the company's revised–and improved–forecast for the rest of the year, Trimble said the T&L segment is projected to have 8% organic revenue growth and 8% annual recurring revenue growth, the latter being an improvement on first quarter numbers. It also said its current margins were impacted by stranded costs from the divestiture of Mobility. Surging stock price Trimble's stock has been on a roll for many months. The stock rose $1.43 Wednesday to $84.13, an increase of 1.73%. That marks a 12-month increase of 63.3%, a 3-month increase of 32.9, and a one-month increase of 6.7%, according to Barchart. The relatively small increase in the Trimble stock price Wednesday came despite a stronger forecast for the rest of the year. Trimble's updated outlook is to generate revenue for the company as a whole of between $3.48 and $3.56 billion this year, with non-GAAP earnings per share between $2.90 and $3.06. Its earlier forecast was revenue of $3.37 to $3.47 billion and non-GAAP earnings of between $2.76 and $2.98. T&L is the smallest of the three segments. Its AECO segment had revenue in the quarter of $350.3 million, and its Field Systems segment brought in $392.7 million. AECO is derived from Architects, Engineers, Construction and Owners, the target audience. Field Services primarily sells its products to the surveying industry as well as construction activities related to that. The AECO segment primarily serves customers working in architecture, engineering, construction, design, asset management, operations, and maintenance. More articles by John Kingston Averitt pay increase could be a sign of some acceleration in driver wages At C.H. Robinson, improved profitability, productivity and a lot fewer workers Each driver's payout in Lytx Illinois biometrics case will be between about $650 and $850 The post In brief comments, Trimble CEO introduces new product for matching capacity with shippers appeared first on FreightWaves. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
South China Morning Post
09-06-2025
- Business
- South China Morning Post
Fairer fees at end of tunnel for Hong Kong motorists following shake-up
Being able to move quickly and efficiently around Hong Kong easily is one of the joys of life in the city. It has been made possible not only because of world-class public transport, but also decades of investment in infrastructure, including road tunnels primarily created under a build-operate-transfer model. Advertisement So, it was an important moment when the last such tunnel was handed over to the government at the end of a 30-year franchise. Authorities must now manage the facility in an equitable 'user-pays' manner to ensure it supports rather than drains public finances as well as transport goals. Toll booths at Tai Lam Tunnel were removed on May 31 and replaced by an electronic payment system. Motorists were immediately charged substantially lower fees to travel between Yuen Long and western Tsuen Wan in the New Territories. As a result, there was a 40 per cent increase in traffic the following day compared with the previous week. On the first weekday morning since the change, traffic was up 10 per cent. Secretary for Transport and Logistics Mable Chan said the government hoped the shift would encourage more use of the tunnel and ease congestion on Tuen Mun Road during peak hours. Authorities also plan to review pricing at tunnels as the HKeToll system is implemented citywide. After a rocky start, the system has reportedly improved traffic in many parts of the city. Electronic payments were implemented for the city's three cross-harbour tunnels in late 2023. There were also fee adjustments to convince drivers to use less congested tunnels. Authorities say the changes have significantly reduced the length of traffic queues. Advertisement Some tunnels have, meanwhile, been operating at a loss for years. One example is Shing Mun Tunnels, which racked up a HK$52 million deficit. The facility, together with Aberdeen Tunnel, has not increased its tolls for many years. Officials plan a comprehensive review this year to set more appropriate fee levels.
South China Morning Post
02-06-2025
- Business
- South China Morning Post
Traffic in Hong Kong's Tai Lam Tunnel up 10% on first day under government control
The Tai Lam Tunnel in Hong Kong's New Territories has seen a 10 per cent increase in traffic on its first day of operations after authorities took control and introduced cheaper fees. Advertisement Mable Chan, Secretary of Transport and Logistics, said on Monday that the government would also review the pricing at the Aberdeen and Shing Mun Tunnels as the electronic toll payment system across the city was completed. The government took control of Tai Lam Tunnel, which connects Yuen Long with western Tsuen Wan, in the early hours of Saturday after a 30-year franchise ended. Chan said traffic had increased by 10 per cent between midnight and 6am on Monday as she inspected the situation at the site in the morning, the first day of operations after the government's takeover of the tunnel. She also revealed that the traffic flow on June 1 increased by 40 per cent compared to previous Sundays. Advertisement Chan attributed the rise to the 'significant drop' in toll fees for private vehicles from HK$58 (US$7.40) to a fixed toll of HK$18 throughout the day on Sundays and general holidays
