TRAXIÓN Announces Second Quarter 2022 Results

Miranda Newswire – Full Press Release: Download PDF

Investor Relations Contact Details

Antonio Tejedo

E-mail: a.tejedo@traxion.global  

Elba Salcedo

E-mail: e.salcedo@traxion.global

Tel: +52 55 5046 7900 ext. 3215

About the Company

TRAXIÓN is the leading transportation and logistics company in Mexico. It offers a one-stop solution through the broadest and most diverse service portfolio in the country. TRAXIÓN’s platform operates three main business segments: mobility of cargo, logistics and technology, and mobility of personnel. The Company has 9 highly recognized brands for their leadership in different sector niches. TRAXIÓN was founded in 2011 and ended the 2Q22 with an average fleet of 9,427 power units, 607,021 square meters of warehousing space, national reach, more than 1,000 clients, and over 18,120 employees. TRAXIÓN’s most important competitive advantages are having an experienced and committed management team, being the only consolidator in a highly fragmented industry, being the only institutional company in a sector dominated by family-owned companies, and having a diversification premium.

Logistics and Technology

Through this segment, TRAXIÓN provides logistics solutions across the supply chain using digital platforms and technology-driven applications. Among the services rendered are integrated 4PL logistics solutions, 3PL warehouse management, last-mile, courier and delivery services, and cargo brokerage. At the end of 2Q22, it operated more than 606,651 square meters (6.5 million sq. ft.) of 3PL warehouse, and a last-mile fleet of 810 units.

Mobility of Cargo 

This segment provides integrated cargo solutions. Amongst the services rendered are dedicated freight, truckload, less-than-truckload, intermodal, refrigerated freight, petrochemicals and specialized transportation, border transfers, and moving and relocation services. TRAXIÓN operates 7 leading and recognized brands: Transportadora EGOBA, Muebles y Mudanzas MYM, Grupo SID, Auto Express Frontera Norte, and Autotransportes El Bisonte. The Company operates one of the youngest, most modern, and flexible fleets in the industry, with 2,351 power units at the end of 2Q22.

Mobility of Personnel

The mobility of personnel segment provides personnel transportation services to corporations, industrial parks, and hotels, as well as student transportation to schools and universities, and tourism services to groups. Through its subsidiary LIPU, TRAXIÓN operates a centralized platform under dedicated contracts or spot service and the largest and most modern fleet in Mexico composed of an average of 6,266 power units at the end of 2Q22.

Disclaimer

The information disclosed in this press release may contain statements with estimates regarding the future of Grupo TRAXIÓN, S.A.B. of C.V. and its subsidiaries (collectively “TRAXIÓN” or the “Company”), which are not historical facts and represent the current opinion of the TRAXIÓN administration based on the information available to the Company. Such statements are subject to certain risks and factors made based on assumptions. The words “anticipated”, “believe”, “estimate”, “expect”, “plan”, and other similar expressions, related or not with the Company, seek to give estimates or forecasts. Different factors may cause the results implicit in the statements to be materially different with respect to any future result or event of, or related to, TRAXIÓN that may be included expressly or implicitly within said statements. Also, if the assumptions used in the statements turn out to be incorrect, the actual results may vary materially from those described herein as anticipated, believed, estimated or expected. TRAXIÓN assumes no obligation to update the statements or information presented within this release.