Truck Driver Protests in Brazil
Truck drivers protested this past weekend slowing containerized trade near the Port of Santos and creating massive delays between Sao Paulo and Rio de Janeiro. A ruling last week by Judge Luiz Fux suspended the powers of Brazil’s highway transport regulator (Agencia Nacional de Transportes Terrestres) to be able to financially punish companies that pay truckers below the national minimum freight rate.
This issue is likely to be the first test for President-elect Jair Messias Bolsonaro who becomes President next month. Bolsonaro will likely play tough should the truckers attempt to strike after he takes office. Recall, that in May of this year there was a 10-day strike that crippled Brazil’s freight networks and seaports.
We will continue to monitor and keep you informed of any new information as it develops.