Jan. 7 (Bloomberg) -- 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 and ALL America Latina Logistica SA are among the main railroad operators in Brazil.
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