Canadian Pacific Kansas City Limited and the Lanco Group/Mi-Jack have sold the Panama Canal Railway Company to APM Terminals, a global terminal operator and an independent division of A.P. Moller – Maersk.
The Panama Canal Railway provides ocean-to-ocean freight and passenger services along the Panama Canal. Since its formation in 1998, it has been a 50/50 joint venture between CPKC subsidiary Kansas City Southern and Lanco Group/Mi-Jack.
In 2024, the Panama Canal Railway generated revenue of $77 million and earnings before interest, taxes, depreciation and amortization of $36 million.
The Panama Canal Railway was formed when it was awarded a concession from the Republic of Panama to reconstruct and operate a 47-mile railway adjacent to the Panama Canal. It is a north-south railway traversing the isthmus of Panama between the Atlantic and Pacific oceans and is part of Panama’s logistics network.
APM Terminals has developed and operated advanced container terminals worldwide for more than half a century. The company operates in 60 key locations in 33 countries, employing approximately 33,000 people. In the Americas Region, APM Terminals operates 14 terminals in eight countries.
Be the first to comment