In a recent financial report, leading logistics company Traxion revealed a remarkable 21% increase in consolidated revenues, amounting to 5.98 billion pesos during the second quarter of the year. This substantial growth was in comparison to the same period in 2022, reflecting the company's robust performance in a dynamic market.
The company's impressive results were largely attributed to the flourishing nearshoring trend, which has opened up numerous opportunities in the North and Bajío regions. Nearshoring, a strategic practice of moving business operations closer to the home country, has gained traction due to its potential for cost savings, reduced lead times, and enhanced operational efficiency. Traxion capitalized on this trend, seizing growth prospects in key geographical locations.