Bumper Crops and Stable Trade Boost Prospects for Brazil Railway
(Bloomberg) — Brazil’s major railroad operator is bracing for a busier year as easing global trade tensions and expectations of bumper crops boost transportation demand in South America’s farming powerhouse.
Rumo SA, a logistics giant that owns 13,500 kilometers (8,400 miles) of railway lines linking Brazil’s agriculture heartland to the nation’s largest coastal ports, started the year with twice as many contracts to transport agricultural commodities than a year ago, Chief Executive Officer Joao Alberto Abreu said. He sees easing global trade tensions and surging agricultural prices as signs of better times ahead.
By Fabiana Batista via Yahoo Finance