Mexico’s Grupo Traxión was the only firm in Latin Trade’s most recent ranking of the Top Logistics Companies in Latin America to post revenue growth in the third-quarter of 2020. While most of the companies in the ranking were hit by pandemic-related issues, which resulted in losses for 19 of the 20 firms in the ranking, Grupo Traxión’s revenues grew 7 percent to $170 million, up from the $159 million from the same period a year before. The company’s results were boosted mainly by an increase in industrial personnel transportation services and entering the asset-light business. The top three companies in terms of total revenues are Brazil’s Simpar, with $461 million (-22%), CCR with $422 million (-35%) and Chile’s LATAM […]
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