Trimble cuts growth outlook as European freight market slows
Published . Updated .
Key takeaways
- Trimble lowered its full-year recurring revenue growth forecast as softer European freight conditions pressured its transportation business.
- Exposed: BWET, IYT, VGK, ZIM, MATX
- Market reaction: BWET −12.0% on the day (still updating); IYT +1.7% on the day (still updating); KEX −6.8% on the day (still updating)
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Trimble lowered its full-year recurring revenue growth forecast as softer European freight conditions pressured its transportation business.
Directly affected
- TRMB Trimble
Named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”).
- ZIM ZIM Integrated Shipping Services+1.3% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- MATX Matson-5.4% 7d
Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- KEX Kirby+2.8% 30d
Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- DAC Danaos
Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TRMB | -1.92% | -0.99% | base | -17.92% | after close | after close | after close |
| BWET | +7.18% | +11.56% | base | -12.01% | after close | after close | after close |
| IYT | -2.21% | -1.20% | base | +1.70% | after close | after close | after close |
| VGK | -0.30% | -0.05% | base | +2.49% | after close | after close | after close |
| ZIM | +1.16% | -3.19% | base | -2.17% | after close | after close | after close |
| MATX | +2.94% | +0.86% | base | +0.03% | after close | after close | after close |
| KEX | +3.58% | +2.10% | base | -6.81% | after close | after close | after close |
| DAC | +3.75% | +2.77% | base | +0.67% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Trimble cuts growth outlook as European freight market slows FreightWaves
Source: FreightWaves
Amplify Commodity Trust (BWET) compared with industrial stocks (XLI) since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Amplify Commodity Trust (BWET) | that day | -12.01% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | +11.56% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | +7.18% | final price |
| Danaos (DAC) | that day | +0.67% | still updating |
| Danaos (DAC) | three days earlier | +2.77% | final price |
| Danaos (DAC) | five days earlier | +3.75% | final price |
| Ishares Tr (IYT) | that day | +1.70% | still updating |
| Ishares Tr (IYT) | three days earlier | -1.20% | final price |
| Ishares Tr (IYT) | five days earlier | -2.21% | final price |
| Kirby (KEX) | that day | -6.81% | still updating |
| Kirby (KEX) | three days earlier | +2.10% | final price |
| Kirby (KEX) | five days earlier | +3.58% | final price |
| Matson (MATX) | that day | +0.03% | still updating |
| Matson (MATX) | three days earlier | +0.86% | final price |
| Matson (MATX) | five days earlier | +2.94% | final price |
| TRMB | that day | -17.92% | still updating |
| TRMB | three days earlier | -0.99% | final price |
| TRMB | five days earlier | -1.92% | final price |
| Vanguard Intl Equity Index F (VGK) | that day | +2.49% | still updating |
| Vanguard Intl Equity Index F (VGK) | three days earlier | -0.05% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -0.30% | final price |
| ZIM Integrated Shipping Services (ZIM) | that day | -2.17% | still updating |
| ZIM Integrated Shipping Services (ZIM) | three days earlier | -3.19% | final price |
| ZIM Integrated Shipping Services (ZIM) | five days earlier | +1.16% | final price |
Members of Congress who traded Amplify Commodity Trust (BWET) near this story
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who collects and who pays in shipping
Companies mentioned with this story
- BWET Amplify Commodity Trust
For “Trimble cuts growth outlook as European freight market slows,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
- IYT Ishares Tr
Ishares Tr (IYT) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Trimble cuts growth outlook as European freight market slows.” Reason on file: iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
- VGK Vanguard Intl Equity Index F
In “Trimble cuts growth outlook as European freight market slows,” Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence. Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”)
- ZIM ZIM Integrated Shipping Services
ZIM Integrated Shipping Services (ZIM) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Trimble cuts growth outlook as European freight market slows.” Reason on file: ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
- MATX Matson
In “Trimble cuts growth outlook as European freight market slows,” Matson (MATX) is linked, with no stored direction, medium confidence. Reason on file: Matson (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
- KEX Kirby
For “Trimble cuts growth outlook as European freight market slows,” Kirby (KEX) is linked, with no stored direction, medium confidence. Reason on file: Kirby (water transportation): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
- DAC Danaos
In “Trimble cuts growth outlook as European freight market slows,” Danaos (DAC) is linked, with no stored direction, medium confidence. Reason on file: Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
How shipping news reaches Amplify Commodity Trust (BWET)
Amplify Commodity Trust (BWET) is the company in “Trimble cuts growth outlook as European freight market slows,” the 4 Nov 2026 Shipping story.
Amplify Commodity Trust (BWET) is on the page because Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
Ishares Tr (IYT) is here too. Its reason reads: iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
Dates in the story, and the Amplify Commodity Trust (BWET) price range
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20.
How solid “Trimble cuts growth outlook as European freight market slows” looks
46 out of 100Price not final
“Trimble cuts growth outlook as European freight market slows” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.