ALL-America Latina Logistica S.A, the Brazil-based Latin America’s independent rail-based logistics operator, listed its ADR on the OTCQX market in Level 2 category with the ticker ALLAY.

From the press release:

“ALL is currently Latin America‘s largest independent rail-based logistics operator, offering a complete range of logistics services with domestic and international intermodal door-to-door transportation operations, local pick-up and delivery, port terminal services, dedicated fleet services and warehousing services, including inventory and distribution-center management. ALL owns and operates a large asset base, including a rail network that extends 21,300 kilometers of rail tracks, 1,095 locomotives, 31,650 rail cars, 650 highway vehicles, distribution centers and warehousing facilities.”

ALL’s shares were listed in the BOVESPA exchange in 2004. Since its listing, the shares have returned an average of 18% annually in local currency terms.

The Brazilian rail network is the seventh largest in the world but the current infrastructure is not enough to meet the demand for freight transportation.Hence ALL is well-positioned to profit from the demand for rail transportation in both Brazil and Argentina. ALL currently operates in Brazil, Argentina, Chile and Uruguay.

ALLAY has a very light daily trading volume and the stock closed at $8.97 yesterday.

For more information,  go to their corporate website here.