As one of the largest trucking markets in the world, Brazil is highly attractive for the use of LNG as a fuel

 

• Over 60% of the cargo in Brazil is transported by trucks and 90% if you exclude crude oil and iron ore
   

• Brazil has the third largest trucking market in the world with 2.6 million trucks on the road. Most of the
  transportation companies own 1 truck and are self employed
   

• The Brazil freight and logistics market is expected to witness a CAGR of > 2% during the period of 2020 – 2025
   

• Large trading houses and producers of grains, sugar, coffee, ethanol etc are for a big part driving the need of transportation and are always looking for ways to lower their cost of transportation