BRAZIL’S ONLY cross-border rail company is also the only one to be listed on the stock market. America Latína Logísticais probably the first Brazilian railway to be a publicly listed company since the 1860s. Its initial public offering on the São Paulo Stock Exchange in June 2004 was enthusiastically oversubscribed.

ALL operates two similar-sized networks in southern Brazil and northern Argentina. Its Brazilian network totals 7228route-km, spanning the states of São Paulo, Paran