VLI is an integrated logistics solutions company, whose business is focused on interconnecting railways, ports and intermodal terminals. With 7,000 employees, it operates a fleet of about 900 locomotives and 24,000 railcars.

VLI’s business involves three key segments:
• Agriculture – transportation of grains, fertilizers and sugar
• Steel and Construction – transportation of coal, iron ore, steel products and pig iron
• Industrialized Products – transportation of fuels, pulp and limestone


VLI’s operations extend to 300 municipalities across 10 Brazilian states. They incorporate the North-South (FNS) and Centro-Atlântica (FCA) railways totaling 4,800 km of track, as well as eight intermodal terminals, combining loading and unloading of products for railway transportation, and port terminals such as Santos (SP), São Luís (MA) and Vitória (ES) located along the strategic axes of the Brazilian coastline. 

Since 2014, Brookfield has held a 26.5% stake in VLI, together with partners Vale (37.6%), Mitsui (20%) and FI-FGTS (15.9%).

Tiplam port terminal, Santos, Brazil

Tiplam port terminal, Santos, Brazil


Principal financial indicators

Driven by demand from Agribusiness, which accounts for about 60% of all VLI’s sales, the company’s net revenue in 2018 was BRL 5 billion, 10% higher than reported in 2017. 

On the same comparative basis, EBITDA rose almost 19%, to just over BRL 2.1 billion. 

Operational highlights

VLI posted a record year for cargo handling in its ports, reporting volume of 38.5 million TU (useful tons), an increase of 6.4% in relation to 2017. Volume handled by VLI’s railways was 38.5 billion TKU (useful tons per kilometer) and slightly above 2017. 

The company continued to execute on its investment plan with BRL 1.2 billion applied during the year - amount 20% higher than 2017. Among its primary investments were the delivery of the Paulínia (SP) workshop (a maintenance warehouse for locomotives), the expansion of the marshalling yard and the construction of a new centralized railcar workshop in Ribeirão Preto (SP) to service the Central-Southeast corridor (with the delivery of the unit scheduled for March 2019).


numbers / highlights



of railways




TKU in railways


TU in ports


* Consider only own railways. Considering the railways in Vale's concession, the total VLI network reaches 7,000 km.



VLI is well placed to meet expected market growth in 2019. 

The agribusiness segment should continue to make a significant contribution to the revenues of the company, which operates railways and intermodal terminals in the principal producing regions of Brazil and is connected to the ports through which agricultural exports are shipped. For the steel segment – another area accounting for a significant share of VLI’s total sales – the outlook for the international market is one of recovery in sales, while in the Brazilian domestic market the prospects are for resumed growth.

In addition, the implementation of a plan for expanding privatization, concessions and PPPs announced by the new federal administration bodes well for opportunities for increasing the company’s operations.

Locomotive in an intermodal terminal, Brazil

Locomotive in an intermodal terminal, Brazil


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