IBOV 176,388.02 ▼ 0.75% IPSA 11,329.08 ▲ 1.54% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,160,541 ▲ 0.13% COLCAP 2,372.49 ▲ 1.18% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL5.10▼ 0.37% USD/MXN17.23— 0.00% USD/CLP913.46▼ 0.01% USD/COP3,147▼ 1.87% USD/PEN3.38▼ 0.27% USD/ARS1,497▲ 0.02% USD/UYU40.24▲ 1.20% USD/PYG5,919▲ 1.22% USD/BOB11.81▼ 1.32% USD/DOP 58.30 — 0.00% USD/CRC449.80▲ 1.96% USD/GTQ7.62▲ 2.31% USD/HNL26.78▲ 0.64% USD/NIO36.62▲ 0.75% USD/VES754.01▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.31% USD/TTD6.68▲ 0.31% EUR/BRL5.88▼ 0.88% BRENT 82.55 ▲ 3.90% WTI 77.64 ▲ 3.22% IRON ORE 161.91 — — COPPER 6.69 ▼ 0.19% GOLD 4,291 ▲ 1.06% SILVER 61.38 ▼ 1.17% SOY 1,172 ▲ 1.78% CORN 458.50 ▲ 4.98% WHEAT 628.75 ▼ 2.10% COFFEE 321.30 ▼ 1.71% SUGAR 15.54 ▲ 2.57% ORANGE JUICE 151.95 ▼ 3.65% COTTON 83.29 ▲ 1.77% COCOA 5,744 ▼ 2.35% BEEF 225.80 ▼ 3.58% CATTLE 343.80 ▼ 2.70% LITHIUM 72.50 ▼ 0.21% PETR4 42.20 ▲ 0.64% VALE3 75.56 ▼ 1.43% ITUB4 42.35 ▼ 0.07% BBDC4 17.72 ▼ 1.83% ABEV3 15.56 ▼ 1.77% BBAS3 20.39 ▼ 3.14% B3SA3 15.38 ▼ 1.09% WEGE3 48.47 ▼ 0.68% PRIO3 59.16 ▼ 0.07% SUZB3 42.37 ▼ 1.10% RENT3 38.14 ▼ 2.70% AZZA3 16.04 ▲ 0.50% CSAN3 3.82 ▼ 2.30% RAIZ4 0.26 — 0.00% PCAR3 2.90 ▼ 1.36% GMAT3 3.83 ▼ 1.54% PSSA3 52.52 ▼ 1.80% CVCB3 1.56 ▲ 0.65% POSI3 3.46 — 0.00% SLCE3 13.34 ▼ 1.26% NATU3 8.22 ▼ 0.96% BRKM5 5.74 ▼ 2.21% RANI3 8.37 ▼ 0.24% CSNA3 4.82 ▼ 1.43% CMIN3 5.83 ▼ 1.19% USIM5 7.28 ▼ 2.41% GGBR4 25.91 ▼ 1.52% ENEV3 26.44 ▼ 2.00% CPFE3 45.69 ▼ 0.87% CMIG4 11.17 ▼ 0.71% EQTL3 38.36 ▼ 2.09% LREN3 13.35 ▼ 2.34% VIVT3 31.12 ▼ 0.29% RAIL3 13.61 ▼ 2.72% KLABIN 18.20 ▼ 2.36% RAIA DROGASIL 20.08 ▼ 2.29% RDOR3 34.00 ▼ 1.31% HAPV3 11.16 ▲ 0.45% FLRY3 17.20 ▼ 0.92% SMTO3 14.18 ▼ 0.84% UGPA3 32.65 ▲ 0.74% VBBR3 34.88 ▼ 0.60% BBSE3 41.07 ▼ 1.44% BPAC11 56.53 ▼ 0.49% CURY3 31.45 ▼ 1.81% AERI3 2.27 ▼ 1.30% VIVARA 21.69 ▼ 2.69% COMPASS 23.51 ▼ 2.93% VAMOS 3.17 ▼ 4.52% SANB11 29.51 ▲ 0.10% ASAI3 8.62 ▼ 2.38% SBSP3 27.43 ▼ 1.01% WALMEX 48.96 ▲ 0.89% GMEXICO 219.36 ▼ 1.36% FEMSA 210.99 ▼ 1.58% CEMEX 19.51 ▼ 2.25% GFNORTE 198.02 ▼ 0.46% BIMBO 61.10 ▼ 0.10% TELEVISA 9.58 ▲ 0.63% AMX 20.61 ▼ 0.87% GAP 382.44 ▲ 2.14% ASUR 278.11 ▲ 1.90% OMA 237.03 ▲ 0.39% KOF 188.98 ▲ 0.94% GRUMA 255.01 ▼ 0.80% KIMBER 40.31 ▲ 0.37% SQM-B 66,000 ▲ 3.21% COPEC 6,263 ▼ 0.40% BSANTANDER 81.90 ▲ 2.12% FALABELLA 6,447 ▲ 1.59% ENELAM 87.39 ▲ 0.39% CENCOSUD 2,041 ▲ 1.04% CMPC 1,046 ▲ 1.58% BANCO CHILE 193.22 ▲ 1.58% LATAM AIR 26.46 ▲ 0.30% YPF 7,850 ▲ 2.15% GGAL 7,535 ▼ 1.37% PAMPA 5,340 ▲ 0.57% TXAR 685.00 ▲ 0.59% ALUAR 934.50 ▼ 0.59% TGS 9,380 ▲ 1.46% CEPU 2,258 ▼ 0.22% MIRGOR 1,630 ▲ 0.62% COME 41.30 ▼ 0.36% LOMA NEGRA 3,455 ▼ 1.22% BYMA 284.25 ▼ 1.47% TELECOM ARG 4,350 ▲ 0.35% ECOPETROL 17.28 ▲ 5.43% BANCOLOMBIA 91.14 ▲ 1.11% GRUPO AVAL 5.16 ▼ 2.64% CREDICORP 394.04 ▼ 0.21% SOUTHERN COPPER 193.47 ▼ 1.79% BUENAVENTURA 32.58 ▼ 1.27% MERCADOLIBRE 1,793 ▼ 6.73% NUBANK 14.21 ▼ 1.86% XP 16.77 ▼ 1.24% PAGSEGURO 9.25 ▼ 1.65% STONE 11.10 ▼ 0.67% GLOBANT 37.12 ▼ 3.28% TECNOGLASS 46.01 ▼ 3.64% GAP AIRPORT 222.16 ▲ 2.13% ASUR 278.11 ▲ 1.90% OMA AIRPORT 110.20 ▲ 0.54% AMX ADR 23.91 ▼ 0.46% FEMSA ADR 122.63 ▼ 1.40% CEMEX ADR 11.31 ▼ 2.12% PETROBRAS ADR 18.60 ▲ 1.28% VALE ADR 14.77 ▼ 1.17% ITAU ADR 8.28 ▲ 0.85% SANTANDER BR 5.83 ▲ 0.60% AMBEV ADR 3.02 ▼ 0.50% CSN 0.96 ▼ 2.13% GERDAU 5.10 ▼ 0.88% LATAM ADR 57.94 ▲ 0.41% BTC 64,654 ▲ 0.09% ETH 1,913 ▲ 0.35% SOL 73.36 ▼ 0.81% XRP 1.05 ▼ 1.37% BNB 592.03 ▼ 0.20% ADA 0.21 ▲ 10.19% DOGE 0.07 ▼ 1.00% AVAX 6.48 ▼ 2.59% LINK 8.25 ▲ 1.23% DOT 0.83 ▼ 1.98% LTC 45.65 ▲ 0.83% BCH 213.93 ▼ 0.18% TRX 0.33 — 0.00% XLM 0.16 ▼ 1.51% HBAR 0.07 ▼ 0.82% NEAR 1.67 ▼ 1.82% ATOM 1.39 ▲ 2.75% AAVE 88.67 ▼ 1.20% SELIC 14.00% EMBRAER 91.40 ▼ 1.73% EMBRAER ADR 71.62 ▼ 1.59% JBS 13.57 ▼ 0.99% JBS BDR 69.09 ▼ 2.06% MBRF3 16.38 ▼ 2.33% MBRFY 3.23 ▲ 3.53% INTER 5.64 ▼ 1.31% IBOV 176,388.02 ▼ 0.75% IPSA 11,329.08 ▲ 1.54% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,160,541 ▲ 0.13% COLCAP 2,372.49 ▲ 1.18% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL 5.10 ▼ 0.37% USD/MXN 17.23 ▲ 0.00% USD/CLP 913.44 ▼ 0.01% USD/COP 3,147 ▼ 1.87% USD/PEN 3.38 ▼ 0.27% USD/ARS 1,497 ▲ 0.02% USD/UYU 40.24 ▲ 1.20% USD/PYG 5,919 ▲ 1.22% USD/BOB 11.81 ▼ 1.32% USD/DOP 58.30 — 0.00% USD/CRC 449.80 ▲ 1.96% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.78 ▲ 0.64% USD/NIO 36.62 ▲ 0.75% USD/VES 754.01 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.31% USD/TTD 6.68 ▲ 0.31% EUR/BRL 5.88 ▼ 0.88% BRENT 82.55 ▲ 3.90% WTI 77.64 ▲ 3.22% IRON ORE 161.91 — — COPPER 6.69 ▼ 0.19% GOLD 4,291 ▲ 1.06% SILVER 61.38 ▼ 1.17% SOY 1,172 ▲ 1.78% CORN 458.50 ▲ 4.98% WHEAT 628.75 ▼ 2.10% COFFEE 321.30 ▼ 1.71% SUGAR 15.54 ▲ 2.57% ORANGE JUICE 151.95 ▼ 3.65% COTTON 83.29 ▲ 1.77% COCOA 5,744 ▼ 2.35% BEEF 225.80 ▼ 3.58% CATTLE 343.80 ▼ 2.70% LITHIUM 72.50 ▼ 0.21% PETR4 42.20 ▲ 0.64% VALE3 75.56 ▼ 1.43% ITUB4 42.35 ▼ 0.07% BBDC4 17.72 ▼ 1.83% ABEV3 15.56 ▼ 1.77% BBAS3 20.39 ▼ 3.14% B3SA3 15.38 ▼ 1.09% WEGE3 48.47 ▼ 0.68% PRIO3 59.16 ▼ 0.07% SUZB3 42.37 ▼ 1.10% RENT3 38.14 ▼ 2.70% AZZA3 16.04 ▲ 0.50% CSAN3 3.82 ▼ 2.30% RAIZ4 0.26 — 0.00% PCAR3 2.90 ▼ 1.36% GMAT3 3.83 ▼ 1.54% PSSA3 52.52 ▼ 1.80% CVCB3 1.56 ▲ 0.65% POSI3 3.46 — 0.00% SLCE3 13.34 ▼ 1.26% NATU3 8.22 ▼ 0.96% BRKM5 5.74 ▼ 2.21% RANI3 8.37 ▼ 0.24% CSNA3 4.82 ▼ 1.43% CMIN3 5.83 ▼ 1.19% USIM5 7.28 ▼ 2.41% GGBR4 25.91 ▼ 1.52% ENEV3 26.44 ▼ 2.00% CPFE3 45.69 ▼ 0.87% CMIG4 11.17 ▼ 0.71% EQTL3 38.36 ▼ 2.09% LREN3 13.35 ▼ 2.34% VIVT3 31.12 ▼ 0.29% RAIL3 13.61 ▼ 2.72% KLABIN 18.20 ▼ 2.36% RAIA DROGASIL 20.08 ▼ 2.29% RDOR3 34.00 ▼ 1.31% HAPV3 11.16 ▲ 0.45% FLRY3 17.20 ▼ 0.92% SMTO3 14.18 ▼ 0.84% UGPA3 32.65 ▲ 0.74% VBBR3 34.88 ▼ 0.60% BBSE3 41.07 ▼ 1.44% BPAC11 56.53 ▼ 0.49% CURY3 31.45 ▼ 1.81% AERI3 2.27 ▼ 1.30% VIVARA 21.69 ▼ 2.69% COMPASS 23.51 ▼ 2.93% VAMOS 3.17 ▼ 4.52% SANB11 29.51 ▲ 0.10% ASAI3 8.62 ▼ 2.38% SBSP3 27.43 ▼ 1.01% WALMEX 48.96 ▲ 0.89% GMEXICO 219.36 ▼ 1.36% FEMSA 210.99 ▼ 1.58% CEMEX 19.51 ▼ 2.25% GFNORTE 198.02 ▼ 0.46% BIMBO 61.10 ▼ 0.10% TELEVISA 9.58 ▲ 0.63% AMX 20.61 ▼ 0.87% GAP 382.44 ▲ 2.14% ASUR 278.11 ▲ 1.90% OMA 237.03 ▲ 0.39% KOF 188.98 ▲ 0.94% GRUMA 255.01 ▼ 0.80% KIMBER 40.31 ▲ 0.37% SQM-B 66,000 ▲ 3.21% COPEC 6,263 ▼ 0.40% BSANTANDER 81.90 ▲ 2.12% FALABELLA 6,447 ▲ 1.59% ENELAM 87.39 ▲ 0.39% CENCOSUD 2,041 ▲ 1.04% CMPC 1,046 ▲ 1.58% BANCO CHILE 193.22 ▲ 1.58% LATAM AIR 26.46 ▲ 0.30% YPF 7,850 ▲ 2.15% GGAL 7,535 ▼ 1.37% PAMPA 5,340 ▲ 0.57% TXAR 685.00 ▲ 0.59% ALUAR 934.50 ▼ 0.59% TGS 9,380 ▲ 1.46% CEPU 2,258 ▼ 0.22% MIRGOR 1,630 ▲ 0.62% COME 41.30 ▼ 0.36% LOMA NEGRA 3,455 ▼ 1.22% BYMA 284.25 ▼ 1.47% TELECOM ARG 4,350 ▲ 0.35% ECOPETROL 17.28 ▲ 5.43% BANCOLOMBIA 91.14 ▲ 1.11% GRUPO AVAL 5.16 ▼ 2.64% CREDICORP 394.04 ▼ 0.21% SOUTHERN COPPER 193.47 ▼ 1.79% BUENAVENTURA 32.58 ▼ 1.27% MERCADOLIBRE 1,793 ▼ 6.73% NUBANK 14.21 ▼ 1.86% XP 16.77 ▼ 1.24% PAGSEGURO 9.25 ▼ 1.65% STONE 11.10 ▼ 0.67% GLOBANT 37.12 ▼ 3.28% TECNOGLASS 46.01 ▼ 3.64% GAP AIRPORT 222.16 ▲ 2.13% ASUR 278.11 ▲ 1.90% OMA AIRPORT 110.20 ▲ 0.54% AMX ADR 23.91 ▼ 0.46% FEMSA ADR 122.63 ▼ 1.40% CEMEX ADR 11.31 ▼ 2.12% PETROBRAS ADR 18.60 ▲ 1.28% VALE ADR 14.77 ▼ 1.17% ITAU ADR 8.28 ▲ 0.85% SANTANDER BR 5.83 ▲ 0.60% AMBEV ADR 3.02 ▼ 0.50% CSN 0.96 ▼ 2.13% GERDAU 5.10 ▼ 0.88% LATAM ADR 57.94 ▲ 0.41% BTC 64,654 ▲ 0.09% ETH 1,913 ▲ 0.35% SOL 73.36 ▼ 0.81% XRP 1.05 ▼ 1.37% BNB 592.03 ▼ 0.20% ADA 0.21 ▲ 10.19% DOGE 0.07 ▼ 1.00% AVAX 6.48 ▼ 2.59% LINK 8.25 ▲ 1.23% DOT 0.83 ▼ 1.98% LTC 45.65 ▲ 0.83% BCH 213.93 ▼ 0.18% TRX 0.33 — 0.00% XLM 0.16 ▼ 1.51% HBAR 0.07 ▼ 0.82% NEAR 1.67 ▼ 1.82% ATOM 1.39 ▲ 2.75% AAVE 88.67 ▼ 1.20% SELIC 14.00% EMBRAER 91.40 ▼ 1.73% EMBRAER ADR 71.62 ▼ 1.59% JBS 13.57 ▼ 0.99% JBS BDR 69.09 ▼ 2.06% MBRF3 16.38 ▼ 2.33% MBRFY 3.23 ▲ 3.53% INTER 5.64 ▼ 1.31%
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Thursday, August 6, 2026

Opinion: Brazil’s Teamsters on Strike!

By · May 31, 2018 · 3 min read

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Opinion, by Michael R Royster

RIO DE JANEIRO, BRAZIL – In the USA, the word “teamster” used to mean a mule driver, since mules hauled freight in teams rather than singly. With the onset of the horseless carriage, the word morphed into a reference to truck drivers.

Michael Royster, aka The Curmudgeon.
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In America, the Teamsters Union has had immense power, principally in negotiating better pay and working conditions for teamsters. In Brazil, the trucker unions have not had as much power, because most truck drivers are self-employed service contractors, who own their own trucks and do not work for any specific employer.

Last week, the Brazilian teamsters discovered they had the power to bring the entire country to its knees, as they went on a nationwide strike.

Several causes for the strike have been widely identified: (a) a drastic economic upheaval, which affected all truckers throughout the country; (b) WhatsApp, which allows them to communicate with each other throughout the country, instantaneously; (c) large truck haulage companies, seeking tax breaks; (d) far-right ideologues, seeking chaos to justify a return to military rule; (e) leftist ideologues, seeking chaos to force President Temer to resign.

The surprising thing is that the Brazilian people have largely supported the teamster strike, even though they have been deprived of basic needs—fresh fruit and vegetables, eggs, meat, local and interstate transportation (bus and air), hospital supplies, etc.

The economic upheaval was basic: the prices teamsters could charge were declining, while the cost of diesel fuel (all trucks in Brazil must use diesel fuel) doubled in little more than six months. WhatsApp meant instant communications throughout the country, not dependent upon labor unions, most of which are only statewide, not federal.

In the Curmudgeon’s Humble Opinion, the Labor Reform Law passed in late 2017 has helped generate popular support for the teamsters. That law not only repealed many of the protections workers have long enjoyed, it also encourages workers to become independent professionals (“autônomos”) rather than employees.

The conservative reformers have welcomed the changes, but labor unions and “progressive” politicians have denounced them. The teamsters strike has brought the issue to the fore, causing many workers to question whether being an “autônomo” is really an improvement.

Independent teamsters are “autônomos” so they have no pension plan, no health care plan, no unemployment insurance, no guaranteed vacations, etc. They depend upon their current income for their future and that of their children. Their plight has tugged on the heartstrings of the general populace.

Teamsters know the right to strike is guaranteed by the Federal Constitution. So, what’s the obvious way to combat their economic woes, and that of their colleagues? Teamsters on strike!

In Brazil, it is rare for strikers to be seen as good guys; in most cases they are characterized as rabble-rousers and leftist malcontents. This teamsters strike is a notable exception, as was the strike of Rio’s sanitation workers (“garis”) during Carnival a few years ago.

The longer the strike goes on, the more likely it is that public support will wane. But as of today’s writing, eighty percent of the people still support the teamsters; time will tell.

The Curmudgeon’s next column will deal with Oilworkers on strike!

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