Brazilian President Michel Temer on Thursday signed a law setting minimum freight rates for truckers, the main element in a package of measures designed to avoid another nationwide truck strike. Truckers pulled their rigs off to the side of the road for 11 days in May, causing major disruptions to the Brazilian economy. More than a half million truck owners and drivers joined the job action. The government agreed to a series of measures, including fuel subsidies, reduced highway tolls and legislation setting minimum freight rates. Under the freight law signed Thursday, the government’s National Highway Transportation Authority (ANTT) will publish minimum freight rates twice a year. Rates will be based on cost factors. Other elements of the package have already been implemented, making another truck strike unlikely, according to economists.
Link to government news agency releaseMore Testimonials