Curitiba, Brazil, November 07, 2007 – América Latina Logística S.A.1 – ALL (Bovespa: ALLL11)2, Latin America’s largest independent logistics company, announces its results for the third quarter and nine months of 2007 (3Q07 and 9M07). ALL operates 21,300 km of rail tracks, 1,000 locomotives, 29,700 rail cars, 1,200 highway vehicles, distribution centers and warehousing installations. ALL’s rail network serves an area that accounts for approximately 75% of Mercosur’s 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 offer a full range of logistics services, including domestic and international rail transportation, intermodal door-to-door transportation, distribution services and warehousing. The services are provided in Brazil and Argentina 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 for 9M06, 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 - that was completed in May of 2006 - were already in effect in January 1st, 2006.

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Consolidated1 EBITDAR increased 15.2% from R$279.0 million in 3Q06 to R$321.3 million in 3Q07 and consolidated1 EBITDAR margin improved 3.0 percentage points from 49.7% to 52.7%. Year-over-year EBITDAR growth was driven by export volume increase and higher volume of return cargo in Brazil, partially offset by margins and volume reductions in ALL Argentina. EBITDAR increased 18.3% in agricultural commodities, 19.2% in industrial products, and 61.0% in highway services. In 9M07, consolidated1 EBITDAR increased 32.3%, reaching R$829.3 million and EBITDAR margin improved 11 percentage points to 51.5%. 
ALL Brasil rail volumes increased 13.0% from 8,102 million RTK in 3Q06 to 9,156 million RTK in 3Q07. As expected, year-over-year volume growth improved compared to the previous quarters, reflecting better safety and asset productivity in the northern network. Volume expansion reached 13.3% in agricultural commodities and 12.3% growth in industrial products flows. Consolidated volume increased 10.9%, negatively affected by a 4.1% reduction in ALL Argentina, as energy shortages in the country restricted client’s operating hours on the ports we serve. In 9M07, volume increased 8.7% in Brazil and 7.3% consolidated, indicating expected consolidated volume growth around 10% in 2007. 
Net income significantly improved from a loss of R$9.8 million in 3Q06 to a net income of R$161.6 million in 3Q07. The net income expansion reflects the R$91.5 million one-time gain due to abolition of interest expenses on SUDAM (Superintendence for the Development of the Amazon) financing. The eradication of interests for the period of 2000 to Sep. 2007 was possible as we complied with all obligations in the Ferronorte build-out financing agreement. In 9M07, consolidated net income reached R$197.3 million compared to a net loss of R$100.3 million in 9M06. 
In preparation for 2008, investments in locomotives, infrastructure and railcars have already begun. We have purchased 50 locomotives, our clients have placed orders for 250 tank cars and will recuperate 1,200 railcars from dead fleet for next crop season. Client’s contract negotiations for the next year have started with indications of increased planted areas for both soybean and corn in 2008. 

1 On May, 9th 2006, ALL acquired all of the shares of Brasil Ferrovias and Novoeste Brasil. Results for 3Q07 and 9M07 will be  compared with 2006 Pro-forma Results including Brasil Ferrovias and Novoeste Brasil as if the acquisition were in effect since     January 1st 2006. 
2 Preferred shares (ALLL4) and common shares (ALLL3) are also listed at BOVESPA but with no significant liquidity 

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