LatAm Transport and Capital Goods "Daily Take-Off: RAIL, EMBJ, WEG, TUPY,..."

研报英文原文证据摘录

LatAm Transport and Capital Goods "Daily Take-Off: RAIL, EMBJ, WEG, TUPY,..."

Global Research

14 July 2026ab

LatAm Transport and Capital Goods Equities

Latin AmericaDaily Take-Off: RAIL, EMBJ, WEG, TUPY, MYPK,

RAPT, POMO Industrial

Alberto Valerio

Analyst

alberto.valerio@ubs.com

RAIL: Government reaches deal to vote freight PM in the Senate this week +55-11-2767 6918

According to G1, government leader Randolfe Rodrigues said senators built an Andressa Varotto

agreement to vote MP 1.343 in the plenary between Tuesday and Wednesday, before Analyst

the MP lapses on Thursday (16-Jul). The article states that the floor obligation stays andressa.varotto@ubs.com

in the law but without a set value (the R$5,000 monthly floor for long-haul drivers +55-11-2767 6654

approved by the Chamber will be suppressed, avoiding a return of the text to the Rafael Simonetti

lower house), and the amnesty for fines from the 2022 road blockades is set to be Associate Analyst

vetoed by Lula. The MP hardens penalties for paying below the ANTT minimum rafael.simonetti@ubs.com

freight table (R$354m+ in fines already applied in 2026) and expands traceability, +55-11-2767 6628

while truckers keep a port-focused stoppage until the vote is confirmed. Potential

Impact: Neutral at this stage for Rumo, pending the vote. As a reminder, we see

approval as positive for RAIL, since tighter minimum-freight enforcement raises

road-freight cost, complexity and supports rail demand and pricing.

WEG, EMBJ, BZ Auto Parts: Update Section 301 – government works with three

scenarios and sees the 25% tariff as the most likely outcome

According to Folha's Painel column, with the USTR decision due by tomorrow (15-

Jul), the government already works with the assumption that the US will tariff Brazil