Rumo moved 23.8 billion TKU by rail in the second quarter, above last year and analyst estimates, on strong soybean traffic; the shares rose about 2.7%.
Brazil · Companies
Key Facts
—The number. Rumo, Brazil’s largest rail-freight operator, moved 23.8 billion TKU in the second quarter, up from 21.8 billion a year earlier.
—The driver. Grain, especially soybeans (more than 4 billion TKU in June alone), led the volumes.
—The beat. The result topped BTG Pactual’s estimate of about 23 billion TKU.
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