Traxion to invest US$94.7 million

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MEXICO  —  The transport company Traxion, expects to close this year with an investment of US$94.7 million, 36.4% lower than 2018, due to adjustments in its operation, since last year they bought companies.

Antonio Tejedo, vice president of investor relations at the firm, stated that the company has being cautious about its spending, but they feel that it will be enough to increase their sales 20% in 2019  and 25% their operating flow ( EBITDA).

"We are doing very well and we had an extraordinary first semester, financially and commercially,” said the executive.

Source: El Financiero