When tracking a GPS device, the Information command will display the GPS Information dialog (pictured below). This dialog displays status information about the current GPS connection, as well as the current GPS location (in both lat/lon and the current global coordinate system), speed, heading, and accuracy estimate.
Point features with the Feature Type Waypoint will be available for selection from the Current Waypoint dropdown menu. As the GPS is tracked the current Distance and Bearing to the indicated waypoint will be displayed. Features created with the Mark Waypoint options will automatically be assigned the feature type Waypoint.
This GPS Information window can be floating, or docked inside the main application. For more information see Window Docking