Plus, a $350K beef fraud sheme, trucker faced 17 deportations prior to deadly crash, Transfix debuts new tech, and more.
True āproduce seasonā in the continental United States lasts from about April to October, with Sun Belt markets dominating April through June and Midwestern markets dominating July through October.
In the latest episode of "The FreightCaviar Podcast", we sit down with Michael Caney, Chief Commercial Officer at Highway. He shares tips on protecting your business against fraud and talks about Highway's newest product.
Traxion expands its US footprint with a $10 million acquisition of BBA Logistics, setting sights on more opportunities in the US market.
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 Mexicoās 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
Today we sat down with Karolina Plecha, a truck driver living in Norway. She shares insights on life on the road, the future of electric vehicles, and what she does to prepare for unpredictable weather conditions.
Is this trucker a criminal or just a hustler trying to stay in the game? It depends on how you look at it.
Freight claims donāt have to be a time-sucking nightmare. AI-powered automation is transforming the processāfaster resolutions, fewer errors, and more money recovered. Hereās what you need to know.
Every fraudulent load stopped is a win. But the goal isnāt just stopping fraud...itās eliminating bad actors from the system entirely.
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