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 and ALL America Latina Logistica SA are among the main railroad operators in Brazil.