WABCO Holdings Inc. (WBC - Free Report) announced the launch of the new fleet management system (FMS) known as TRAXEE. The system will enable small to medium-sized commercial fleet operators in their specific business need without making large investments.
With scalable and quick pay-back solution, TRAXEE FMS provides real-time updates, enabling operators to manage fleet capacity and driver activity, thus, improving administrative efficiency. From July, the system will be launched through WABCO’s wide distributor and service network throughout the Middle East, Europe and Turkey.
Equipped with GPS, FMS can pinpoint the exact location of vehicles, and can connect with digital tachograph and Controller Area Network (CAN bus) system. This feature will help fleet managers to track driving and resting periods along with fuel usage. It also enhances communication with customers by providing automated delivery status and alerts.
Wabco Holdings Inc. Price and Consensus
Logistics and transportation industry hugely depends on small and medium-sized commercial fleets to offer services. WABCO’s new fleet management system will help the transportation industry to improve customer service and operating performance.
WABCO is a leading supplier of innovative systems and services, designed to improve safety, efficiency and connectivity for commercial truck, bus, trailer, and off-highway manufacturers.
In the past six months, WABCO’s stock has moved down 12.6%, underperforming 3.5% increase of the industry it belongs to.
Zacks Rank & Other Stocks to Consider
WABCO currently carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the auto space are Fox Factory Holding Corporation (FOXF - Free Report) , Toyota Motor Corporation (TM - Free Report) and Oshkosh Corporation (OSK - Free Report) . Presently, Fox Factory carries a Zacks Rank of 2 while Oshkosh and Toyota sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fox Factory has an expected long-term growth rate of 11.5%. Shares of the company have risen 26.9% over the past year.
Toyota has an expected long-term growth rate of 5.7 Shares of the company have risen 24.6% over the past year.
Oshkosh has an expected long-term growth rate of 18.3%. In a year’s time, shares of the company have gained 13.2%.
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