Trimble Launches Freight Marketplace in North America with Procter & Gamble as First Shipper Customer
Rhea-AI Summary
Trimble (NASDAQ: TRMB) has launched its Freight Marketplace in North America, with Procter & Gamble (P&G) joining as its first shipper customer. The AI-powered platform, which connects shippers, carriers, and brokers, streamlines freight procurement through automated bidding processes and real-time capacity sourcing.
Already successful in Europe since 2023 with over 7,000 carriers, shippers, and brokers, the platform now expands to North America with more than 400 carriers. The marketplace specializes in strategic, lane-level, and spot bidding, featuring AI-powered carrier verification and tailored mini bids for specific contractual periods.
Positive
- Strategic expansion into North American market with major customer P&G
- Platform already proven successful in Europe with 7,000+ users
- Growing network of 400+ carriers in North America
- AI-powered verification system enhances security and efficiency
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, TRMB gained 0.91%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The AI-Powered Trimble Freight Marketplace connects shippers, carriers and brokers to automate the bidding process
Freight Marketplace offers a centralized, digital freight procurement platform where carriers and shippers of all sizes can expand their transportation network. It enables discovery of reliable partners and negotiable competitive rates for strategic, lane level and spot bidding. By automating the bidding process between carriers and shippers, Freight Marketplace provides a single streamlined and transparent experience.
Unlike traditional procurement solutions that primarily focus solely on spot market transactions or complex strategic bids, Freight Marketplace also specializes in tailored mini bids to streamline single-lane for specific contractual periods and precise volume commitments. For added security, Freight Marketplace also features AI-powered verification: automated checks of carrier identity and insurance details that replace manual processes and enable all marketplace participants to move freight with confidence at every turn.
Supporting Quotes
"We are thrilled to welcome P&G to the Freight Marketplace to the Freight Marketplace as we roll it out across
"For a company of our scale, managing numerous mini bids is a complex and time-consuming endeavor. Freight Marketplace helps to simplify and support our bidding processes," said Emily Conner, senior director of transportation purchases, North America Market Operations at Procter & Gamble. "The platform saves us time while enabling us to discover new, reliable carrier partners and strengthen our relationships with existing partners."
Originally introduced by Transporeon, a Trimble Company, in
Availability
Trimble Freight Marketplace is now available for all shippers, carriers and brokers in
To learn more about Trimble Freight Marketplace and join the Marketplace network, visit: https://transportation.trimble.com/products/freight-sourcing/freight-marketplace.
About Trimble
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it's helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: www.trimble.com.
FTRMB
View original content to download multimedia:https://www.prnewswire.com/news-releases/trimble-launches-freight-marketplace-in-north-america-with-procter--gamble-as-first-shipper-customer-302539331.html
SOURCE Trimble