Trimble Inc ( TRMB ). shares are trading higher Monday after the company announced the launch of Transporeon Visibility in North America, which provides real-time shipment tracking and AI-powered estimated time of arrival for carriers and shippers across road, ocean and air sectors.

Additionally, Trimble announced the sale of its global telematics business to Platform Science while securing a 32.5% stake in the newly expanded business. Trimble will also gain a seat on Platform Science's board.

TRMB Price Action: Trimble stock was up by 3.73%, trading at $58.60 according to Benzinga Pro.

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