Traxion Acquires US Firm BBA Logistics in $10M Deal

Traxion expands its US footprint with a $10 million acquisition of BBA Logistics, setting sights on more opportunities in the US market.

Traxion Acquires US Firm BBA Logistics in $10M Deal
Photo: Traxion

Traxion's Strategic Acquisition

Mexico-based transportation firm, Traxion, has acquired Las Vegas-based BBA Logistics for $10 million. The move forms part of Traxion's plan to offer door-to-door cargo brokerage services in the US, in line with increasing freight volumes from Mexico to the US due to nearshoring.

BBA Logistics Joins Traxion

BBA Logistics, an asset-light, cross-border, door-to-door logistics brokerage, is pleased to join Traxion. This partnership will enable BBA to expand its services and enhance its ability to meet client needs. The company offers cross-dock, transloading, storage, and other logistics services, handling over 15,000 annual shipments.

Projected Revenues and Synergies

Traxion expects BBA Logistics to generate approximately $22 million a year in revenue, according to a statement to the Mexican Stock Exchange. Traxion also foresees commercial synergies between BBA Logistics and Traxporta, its digital brokerage app.

Traxion's Continued Expansion

Traxion, one of Mexicoโ€™s largest transportation and logistics companies, continues its expansion strategy with this acquisition. The company previously acquired V-Modal, a railway logistics firm, to increase its rail coverage in Mexico and expand its service capabilities to the US and Canada.

Source: FreightWaves

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