TRAXIÓN ANNOUNCES INITIATION OF COVERAGE FROM BANK OF AMERICA WITH BUY RATING AND A PRICE TARGET OF $50.00 PER SHARE

Miranda Newswire – Full Press Release: Download PDF

Contacts:

Antonio Tejedo

Investors

ir@traxion.global

Alejandra Méndez

Media

a.mendez@traxion.global

Tel: +52 55 5046 7900

http://traxion.global

About the Company

TRAXION is the leading transportation and logistics company in Mexico. It offers one -stop solutions through the broadest and most diverse portfolio of services in the country. TRAXION’s platform operates in three business segments: freight mobility, logistics and technology, and people mobility. The Company has more than 10 brands recognized for their leadership in the different business niches in which it participates. TRAXION was established in 2011 and closed 2Q23 with an average fleet of 10,125 power units, 751,959 square meters of 3PL logistics warehouse capacity, national presence, a portfolio of more than 1,000 clients, and more than 21,000 employees. TRAXION’s most important competitive advantages include: an experienced and committed management team, the only consolidator in a highly fragmented sector, the only institutional company in an industry dominated by family-owned companies, a diversified portfolio of premium services, long-term relationships with customers and suppliers, and a forward-looking market vision.

Disclaimer

This document may include projections or forward-looking statements that involve risks and uncertainties. Words such as “estimates”, “projects”, “plans”, “believes”, “expects”, “anticipates”, “intends”, and other similar expressions should be identified only as forecasts or estimates. Traxion cautions readers that statements or estimates in this document, or those made by Traxion’s management, are subject in their entirety to risks and uncertainties that may cause changes based on various factors beyond Traxion’s control. Forward-looking statements reflect Traxion’s judgment as of the date hereof, and Traxion reserves the right to update the statements contained herein or arising therefrom from time to time. Traxion’s past or present performance is not an indicator that guarantees its future performance.