Brazil to Talk With ALL, Vale to Cut Freight Costs

Brazil’s government will start talks with ALL America Latina Logistica SA, Vale SA and other railroad operators about new rules designed to boost competition and cut freight costs, Transportation Minister Paulo Sergio Passos said.

President Luiz Inacio Lula da Silva will issue a decree “soon” that aims to increase the sharing of railways and put idled tracks back into operation, Passos said in an interview. Under the new regulatory framework, the government would grant licenses to use a portion of the rail’s capacity rather than awarding the full rights to a single company or group, he said.