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APM Terminals acquires Panama Canal Railway operator

Summary by freshplaza.com

APM Terminals has acquired the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City Limited (CPKC) and the Lanco Group/Mi-Jack. PCRC operates a 76-kilometer (47-mile) single-line railway running alongside the Panama Canal, primarily used to transport cargo between the Atlantic and…

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Freight News

APM Terminals acquires Panama Canal Railway Company

The Trump administration’s claims that Greenland, a protectorate of Denmark, should be protected from geopolitical developments and that the Panama Canal was stolen from the US have acquired an interesting Danish edge. This after the port operating division of Danish shipping giant AP Moller-Maersk completed the acquisition of the Panama Canal Railway Company (PCRC) from

4 hours ago

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Railfan & Railroad Magazine

CPKC Sells Panama Canal Railway

CPKC has sold the Panama Canal Railway Company to APM Terminals, an independent division of shipping giant A.P. Moller-Maersk. The Panama Canal Railway offers ocean-to-ocean freight and passenger services along the Panama Canal and has operated as a 50-50 joint venture between CPKC subsidiary Kansas City Southern and Lanco Group/Mi-Jack since 1998. The terms of the transaction were not revealed. The 47-mile railroad was built in the 19th centu…

11 hours ago

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railway-technology.com

APM Terminals buys Panama Canal Railway from CPKC and Lanco Group

APM Terminals has purchased the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City (CPKC) and the Lanco Group/Mi-Jack.The post APM Terminals buys Panama Canal Railway from CPKC and Lanco Group appeared first on Railway Technology.

24 hours ago

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EuropaWire.eu

APM Terminals Acquires Strategic Rail Asset: Expanding Global Shipping Services Beyond the Panama Canal

APM Terminals Acquires Strategic Rail Asset: Expanding Global Shipping Services Beyond the Panama Canal (IN BRIEF) APM Terminals has acquired the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City Limited and the Lanco Group/Mi‑Jack. The PCRC, which operates a 76-km railway adjacent to the Panama Canal and generated USD 77 million in revenue along with USD 36 million in EBITDA in 2024, is key for cargo movement between the Atl…

1 day ago

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freshplaza.com

APM Terminals acquires Panama Canal Railway operator

1 day ago

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Railway Gazette

APM Terminals buys Panama Canal Railway Co

PANAMA: AP Moller-Maersk’s APM Terminals division has bought the Panama Canal Railway Co from a 50:50 joint venture of Canadian Pacific Kansas City and crane manufacturer Lanco Group/Mi-Jack.

1 day ago

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