Curitiba, Brazil, May 14, 2007 – América Latina Logística S.A.1 – ALL (Bovespa: ALLL11) , Latin America’s largest independent logistics company, announces its results for the first quarter of 2007 (1Q07). ALL - taking into account assets of Brasil Ferrovias and Novoeste Brasil acquired by ALL in May of 2006 - operates 1,000 locomotives, 29,500 rail cars, 1,300 highway vehicles, distribution centers and warehousing installations. ALL’s rail network serves an area that accounted for approximately 75% of Mercosur’s 2005 GDP. The Company serves seven of the most active ports in Brazil and Argentina through which approximately 78% of all South America’s grain exports are shipped annually. We operate in Brazil and Argentina offering a full range of logistics services, including rail transportation, domestic and international intermodal door-to-door transportation, dedicated fleet services and warehousing. The services are provided by three business units: agricultural commodities, industrial products and highway services. Comparisons included in this report, unless otherwise stated, refer to the same period of 2006. Financial and operational information, unless otherwise stated, are presented in nominal Reais pursuant to Brazilian Corporate Law. Consolidated results, unless otherwise stated, excludes the results of Santa Fé Vagões (40% owned by ALL). Numbers in 1Q06, unless otherwise stated, are presented in a pro-forma basis combining ALL, Brasil Ferrovias and Novoeste Brasil as if the acquisition of Brasil Ferrovias and Novoeste Brasil were already in effect in January 1st, 2006.

Conference Calls:

May 16,

11:00 a.m. US EDT

Consolidated1 EBITDAR increased 60.9% from R$121.4 million in 1Q06 to R$195.3 million in 1Q07 and consolidated1 EBITDAR margin improved 17 percentage points from 28.2% to 45.6%. Year-over-year EBITDAR growth was driven by lower fixed and variable costs, tariff adjustments, and higher volume of return cargo. EBITDAR increased 53.0% in agricultural commodities, 88.9% in industrial products, 129.2% in highway services and 42.5% in ALL Argentina. Net results improved R$64 million in 1Q07.

May 16,

9:00 a.m. US EDT

Consolidated1 rail volumes increased 2.1% from 6,792 million RTK in 1Q06 to 6,932 million RTK in 1Q07. Volume growth was mainly driven by a 19.4% increase in industrial intermodal flows, due to market share gains in wood products and containers. Industrial products volumes increased 11.4% in the 1Q07 and agricultural commodities volumes decreased 1.5% when compared to 1Q06. The decrease in agricultural commodities resulted from lower volumes at Brasil Ferrovias as a result of the change from trucking to rail transportation in the connection between Campinas and Santos. The decision to offer rail from Mato Grosso to Santos - as opposed to a combination of rail from Mato Grosso to Campinas and truck from Campinas to Santos as Brasil Ferrovias did in 2006 – increased transit time compromising volume growth, but largely accounting for the margin improvements achieved in the period.

Meeting with
Analysts and


Significant operational standards improvement in northern network. Enhancement process in the northern network continues with significant improvements in safety and asset reliability. Number of accidents per million train kilometer in the northern network decreased from 105 in December 2006 to 64 in 1Q07, and average distance between failures of locomotives increased 65.4% from 4,090 km to 6,765 km. Improvements so far are in line with our plan, reassuring our confidence in expected volume growth target of 10% to 12% for 2007.

May 18, 2007
11h00 a.m.
Blue Tree Faria Lima
São Paulo - SP

The soybean crop shows a positive market scenario, indicating a 13% yearly growth in our coverage area. Recent official estimates show the Brazilian soybean crop at 60 million tons for 2007, which represents a 11% increase as compared to 2006. In order to sustain our growth plan for the year, locomotives and railcars were refurbished and upgrades in track infrastructure were completed in 1Q07.

On May, 9th 2006, ALL acquired all of the shares of Brasil Ferrovias and Novoeste Brasil. For comparison purposes 1Q07 results will be compared with 2006 Pro-forma Results including Brasil Ferrovias and Novoeste as if the acquisition were already in effect since January 1st 2006.

Preferred shares (ALLL4) and common shares (ALLL3) are also listed at BOVESPA but with no significant liquidity

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