In a van, down by the river. | Apparently China intends to build a railroad from Brazil's soybean belt across Peru to the Pacific ocean. According to the press release, the project is expected to shave 81 cents/bushel from freight costs (i.e. $30/mt). Besides the savings, it ought to neuter the East coast port workers, and to a lesser extent the reliance on trucks. AND the multinationals begin scouting ground for shuttle loaders along the route in 3...2...1...?
Edit: forgot the link:... http://www.zerohedge.com/news/2015-05-20/china-bails-out-brazil-50-...
Edited by Rob.Cogdill 5/20/2015 21:40
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Interesting China Move
