Benzinga | Sep 15, 2021 02:17PM EDT

Trimble Partners With Procter & Gamble To Improve Transportation Procurement

* Trimble Inc (NASDAQ:TRMB) entered a new strategic relationship with Procter & Gamble Co (NYSE:PG) to enhance how shippers and carriers partner during the transportation procurement process.

* The partnership will transform an agile transportation procurement collaboration platform from Trimble to complement its existing supply chain-focused solutions.

* Procter & Gamble will inform the creation of a dynamic platform focusing on optimizing the procurement of transportation capacity, creating closer shipper and carrier relationships, and helping each find the right partners.

* The platform will also expedite the contracting and onboarding process to improve the velocity of business transactions.

* Price Action: TRMB shares are trading higher by 0.51% at $91.81 on the last check Wednesday.