Grupo Traxión, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 23, 2023 at 07:45 pm EDT
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Grupo Traxión, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was MXN 6,389.67 million compared to MXN 5,372.85 million a year ago. Net income was MXN 245.78 million compared to MXN 152.64 million a year ago.
For the nine months, revenue was MXN 18,134.18 million compared to MXN 14,837.22 million a year ago. Net income was MXN 429.88 million compared to MXN 490.8 million a year ago.
Grupo Traxion SAB de CV is a Mexico-based company engaged in the transportation sector. The Company provides logistics services within eight business areas: Fright, including intermodal and multimodal services, door-to-door, national and cross-border distribution, among others; Integrated logistics, including logistics management, aerial and maritime services and custom transportation support services; Warehousing, including dedicated storage, shared warehouses, packing and value-added services, such as labeling and products assembly; Logistics systems, including software for logistics management; Passenger transportation, including transportation of personnel and students; Special services, including rental of bus and vans; Moving, including national and international moving services, and Advertising, including custom transportation services during marketing campaigns. The Company operates through a number of group companies.
GRUPO TRAXIÓN, S.A.B. DE C.V. 
