Aby Lijtszain

As the presence of more foreign companies grows in Mexico due to the ‘nearshoring’ phenomenon, Traxión has strengthened its logistics business. The freight, manufacturing products, and executive and operations staffing company marked two milestones in recent months: it broke its 2022 revenue record by 46% to MX$20.325 billion (almost US$1.2 billion), and announced a share placement for more than US$350 million. Traxion CEO Aby Lijtszain says that nearshoring investments, which for Mexico already account for six out of every 10 dollars in new FDI, will begin to pay off in “two or three years” and that we are just seeing the tip of the iceberg.