Brazil companies mull buying trucks to avoid higher shipping fees [Reuters]
Ambev S.A. American Depositary Shares (Each representing 1 Common Share) (ABEV)
Last ambev s.a. american depositary shares (each representing 1 common share) earnings: 2/28 04:00 pm
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Source: Reuters
Brazil companies mull buying trucks to avoid higher shipping fees | Reuters 3 Min Read SAO PAULO, Aug 6 (Reuters) - Manufacturers of heavy trucks have been fielding inquiries from Brazilian companies looking into purchasing their own fleets to get around higher mandatory pricing for independent truckers who staged a nationwide strike in May against high fuel costs and low compensation. Volvo AB and the Mercedes-Benz truck unit of Daimler AG have received inquiries from big companies looking into owning and operating their own truck fleets, representatives for the truck makers said. Smaller buyers such as farmers have already begun placing orders, adding to strong demand for heavy trucks in Brazil as Latin America’s largest economy recovers from a deep recession. Truck sales climbed above 38,000 vehicles in the first seven months of this year, up nearly 49 percent from the same period of 2017, automakers group Anfavea reported on Monday. “Everyone is preparing, asking for quotes, calcu
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ABEV
News
- AMBEV'S 2023 ANNUAL REPORT ON FORM 20-F AVAILABLE ON OUR WEBSITEPR Newswire
- Ambev S.A. (NYSE: ABEV) was downgraded by analysts at Barclays PLC to an "equal weight" rating. They now have a $3.00 price target on the stock, down previously from $3.50.MarketBeat
- Ambev S.A. (NYSE:ABEV) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ambev S.A. (NYSE: ABEV) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating.MarketBeat
ABEV
Earnings
- 3/1/24 - Beat
ABEV
Sec Filings
- 4/9/24 - Form 6-K
- 4/9/24 - Form 6-K
- 3/29/24 - Form 6-K
- ABEV's page on the SEC website