Trane Technologies Plc Stock Price, News & Analysis

Road Ready has partnered with Thermo King, integrating its cold chain technology within the LogIQ smart partner network. This alliance allows Road Ready to enhance fleet management, catering to the growing demand for refrigerated transport, which is projected to surge at a CAGR of over 14% by 2030. Through this integration, users will gain access to real-time cold chain asset monitoring and two-way remote temperature control. The LogIQ network now includes 11 partners, aiming to streamline data management for fleets.

Trane Technologies (NYSE: TT) showcased innovative sustainability solutions at VERGE22, including a net-zero cooling cart aimed at helping street vendors reduce food loss and greenhouse gas emissions. The cooling cart utilizes passive technology to extend food life and improve vendor livelihoods. Additionally, the company emphasized its Gigaton Playbook, a framework for reducing emissions, particularly in heating and cooling. Trane Technologies aims to cut one gigaton of GHG emissions by 2030 through sustainable practices.

Trane Technologies (NYSE: TT) has appointed Mark George and Melissa Schaeffer to its Board of Directors, enhancing its strategic and financial oversight. Mark George, EVP and CFO of Norfolk Southern Corporation, brings over 30 years of experience in financial and business development. Melissa Schaeffer, CFO of Air Products and Chemicals, has extensive leadership experience in finance and risk management. Their appointments aim to strengthen Trane's commitment to innovative and sustainable climate solutions.

The Board of Directors of Trane Technologies (NYSE:TT) has announced a quarterly dividend of $0.67 per ordinary share, amounting to $2.68 annually. This dividend is set to be paid on December 30, 2022, to shareholders recorded as of December 2, 2022. Trane Technologies has consistently paid dividends on its common shares since 1919, showcasing its commitment to rewarding investors.

Trane Technologies (NYSE:TT) will host a conference call on November 2, 2022, at 10 a.m. ET to discuss its Q3 2022 financial results. The earnings release and presentation will be available on the company's website before the call. A live, listen-only webcast will be accessible online, and a replay will be provided later on the same day at approximately 1 p.m. ET. Trane Technologies focuses on providing sustainable climate solutions through its strategic brands, Trane® and Thermo King®.

Thermo King, a leader in transport temperature control and a brand of Trane Technologies (NYSE: TT), has successfully completed over 2,500 hours of testing on its evolve™ electric trailer. This battery-powered refrigerated unit maintains strict climate control for food and goods, showcasing zero emissions. Partnered with retailers like Walmart and Loblaws, Thermo King aims to advance electrification of the cold chain, supporting sustainability goals. The company plans to deliver all-electric solutions across all segments by 2023 in Europe and 2025 in the Americas.

Trane Technologies (NYSE: TT) launched innovative refrigeration solutions at IAA Transportation 2022 in Hannover, Germany, including the Advancer™ models, a new all-electric E-Series, and a CO2 heat pump for buses. These technologies enhance cold chain electrification and decarbonization, helping the company reach its commitment to deliver fully electric products in Europe, the Middle East, Africa by 2023, and the Americas by 2025. The advancements support Trane Technologies' 2030 Sustainability Commitments, specifically the Gigaton Challenge, aiming for a significant reduction in customer emissions.

Trane Technologies (NYSE: TT) will participate in a fireside chat at the Morgan Stanley Laguna Conference on September 14, 2022, at 10:30 a.m. PT. The event will be accessible via live webcast on the company's website, with an archive available for 30 days post-event. Trane Technologies focuses on providing sustainable climate solutions through its brands Trane® and Thermo King®.