Rumo Logística
FormerlyAmérica Latina Logística
TypeSociedade Anônima
Ibovespa Component
IndustryTransport
Founded2008 (2008)
HeadquartersCuritiba, Brazil
Area served
Brazil
Key people
João Alberto Fernandez de Abreu, (CEO)
ServicesIntermodal freight transport
RevenueIncrease US$ 1.7 billion (2018) [1]
IncreaseUS$ 70.3 million (2018) [2]
Number of employees
8,500
ParentCosan
SubsidiariesBrado Logística
Websiterumolog.com

Rumo, formerly known América Latina Logística (ALL), is a Brazilian logistic company, mainly focused in the railway line logistics in Brazil, being the largest company in Latin America in this segment.[3] The company also provides transportation services such as logistics, intermodal transport, port operations, movement and storage of merchandise, administration of storage facilities and general storage.

It is also involved in lease of railroad equipment to third parties, and offers road transport services in Brazil through "América Latina Logística Intermodal S.A."

History

Predecessor company América Latina Logística was founded as "Ferrovia Sul Atlântico" in 1997 and is headquartered in Curitiba, Paraná state. Pursuant to a privatization process it began operating lines in Paraná, Santa Catarina, and Rio Grande do Sul. It began operations in São Paulo state in 1998, and later (2001) acquired Delara Ltda, a Brazilian logistics company also operating in Argentina, Chile, and Uruguay. Operations were extended to Mato Grosso and Mato Grosso do Sul through acquisition in 2006. There are connections with the standard gauge rail networks in Paraguay and Uruguay and with the 1,000 mm (3 ft 3+3⁄8 in) metre gauge network in Brazil.

The company assumed its current name after acquisition of its Argentine railway interests in 1999.[4] There it partnered with Railroad Development Corporation and the Argentine government until June 2013 in the operation of two freight services:

Diesel-electric locomotive GE C30-7 in former ALL livery

On June 4, 2013, the Argentine government cancelled ALL's concessions due to contract violations by failing to invest and accumulating fines worth 30 percent of the concession.[6][7] The head of Trenes Especiales Argentinos, which had operated passenger services on the General Urquiza Railway, has publicly supported the decision, claiming that ALL was responsible for the deterioration of the standard gauge network.[8]

ALL operated a subsidiary named "Brado Logistics" which handled intermodal freight.[9]

In 2014, ALL merged with Rumo (owned by Brazilian conglomerate Cosan) to form a company valued at R$11,000 million.[10]

See also

References

  1. ↑ ALL 2010 revenues increase for R$ 2.7/ USD 1.7 Billion
  2. ↑ ALL 2010 net income jumps 591% for R$239.9/USD 151.8 Million
  3. ↑ Firmas de logística ALL y Rumo, cerca de acuerdo fusión: medio at Reuters.com, 14 Feb 2014
  4. ↑ [http://bibliotecadigital.econ.uba.ar/download/tpos/1502-0059_FelderR.pdf La Privatización de los ferrocarriles en Argentina: el nuevo rol del Estado] at Universidad de Buenos Aires Library
  5. 1 2 "El Gobierno rescinde el contrato del Tren de la Costa y del Parque de la Costa", Apertura.com, 4 Jun 2013
  6. ↑ El Gobierno exige $ 132 millones a empresas de trenes por multas impagas at Cronista.com, 28 Aug 2013
  7. ↑ Argentina Seizes Railway From Brazil’s ALL Over Contract Breach, Bloomberg.com, 2013-06-04
  8. ↑ Desde TEA quieren volver con el tren y espera el llamado del Estado Spanish) - Territorio Digital, 22 September 2015.
  9. ↑ Ferrari, Gustavo (4 February 2013). "Brado orders 600 more AmstedMaxion wagons". International Railway Journal. Retrieved 2013-06-03.
  10. ↑ RUBENS OMETTO SILVEIRA MELLO, PRESIDENTE DE COSAN - Dulce Señor by Juan Manuel Compte on Econojournal.comar, 16 Jul 2018
Wikimedia Commons has media related to Rumo Logística.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.