Brazil to Lower Rail Freight Rates as Much as 40%, O Globo Says

Brazil plans to lower rail freight rates by as much as 40 percent, O Globo reported, citing unidentified people with knowledge of the plan.

The country’s land transportation agency, known as ANTT, will publish the proposal on Jan. 9 to solicit comment on it, O Globo said. ANTT sets the maximum rate railroad operators can charge in Brazil.

Vale SA (VALE5) and ALL America Latina Logistica SA (ALLL3) are among the main railroad operators in Brazil.

To contact the reporter on this story: Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos in New York at papadopoulos@bloomberg.net

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