In a bid to bolster presence in the transportation and logistics industry, Trimble Inc. (TRMB - Free Report) has collaborated with Intelligent Audit.
Notably, Rochelle Park, NJ-based Intelligent Audit is a company involved in freight audit, transport spend management and business intelligence analytics.
The latest move of Trimble will enable the company to integrate its visibility and tracking solutions with Intelligent Audit’s robust freight audit and spend analytics tools.
This will strengthen Trimble’s supply chain solutions portfolio, in turn enhancing its key offering. This is likely to boost the company’s customer base which bodes well for its top-line growth.
This integrated solution will equip the customers with real-time visibility capacity and strong analytics tools to manage their freight and transport expenditure.
Moreover, Trimble intends to address the inefficiencies in the global supply chain by allowing Intelligent Audit to leverage its vast supply chain data. This will aid the latter in transportation cost optimization and advancement in the freight audit process.
All these will aid Trimble to deliver better experience to the supply chain organizations.
We believe the recent partnership along with the Transportation Management System (“TMS”), proactive weather and risk alerts, workflow automation, temperature control tracking and many other user friendly features in the company’s visibility solutions will continue to help it in gaining momentum in the global supply chain process.
Per a report from Transparency Market Research, the global supply chain management solutions market is projected to hit $32.9 billion by 2026 at a CAGR of 11.2% between 2018 and 2026.
Portfolio Strength: A Key Catalyst
Trimble’s portfolio strength remains its key growth driver. The latest move of the company is in sync with its strong focus toward innovation of product portfolio.
Recently, Trimble acquired Veltec, a fleet management provider, expanding its fleet safety and efficiency solutions portfolio. The buyout has enhanced its transportation solutions offerings further.
Further, the company unveiled Trimble Earthworks GO! Grade Control Platform which is beneficial for compact machine grading attachments. Further, it rolled out Trimble SPS785 GNSS Smart Antenna which will aid its momentum in the civil construction space.
Additionally, Trimble rolled out Trimble Unity Wastewater Flow Monitoring and Analysis software that offers better management of storms, wet weather events and sewer overflows to the wastewater and stormwater utilities and flow service providers.
We believe the company’s expanding product and solutions portfolio will continue to serve its customers better which in turn will aid market position.
Zacks Rank & Other Stocks to Consider
Currently, Trimble carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Castlight Health (CSLT - Free Report) , Etsy (ETSY - Free Report) and Generac Holdings (GNRC - Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Castlight Health, Etsy and Generac Holdings is pegged at 22.5%, 15% and 6.5%, respectively.
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