APM Terminals Acquires Panama Canal Railway Company

APM Terminals has acquired the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City Limited and the Lanco Group/Mi‑Jack. PCRC operates a 76-km (47-mile) single-line railway adjacent to the Panama Canal that mainly facilitates cargo movement between the Atlantic and Pacific Oceans. In 2024, the PCRC generated revenue of USD 77 million and USD 36 million in EBITDA.

“The Panama Canal Railway Company represents an attractive infrastructure investment in the region aligned to our core services of intermodal container movement,” said Keith Svendsen, CEO, APM Terminals. “The company is highly regarded for its operational excellence and will provide a significant opportunity for us to offer a broader range of services to the global shipping customers we serve."

“We are pleased to have completed this transaction with APM Terminals, a part of A.P. Moller - Maersk, a key strategic partner of CPKC’s and major customer of the Panama Canal Railway Company,” said Keith Creel, CPKC President and Chief Executive Officer. “The sale of this non-core asset creates value for our shareholders and reflects our commitment to optimize our assets as we focus on growing our core North American rail business through our unrivalled three-nation network connecting Canada, the United States and Mexico.”

APM Terminals Adquiere Panama Canal Railway Company

APM Terminals ha adquirido la empresa Panama Canal Railway Company (PCRC) de Canadian Pacific Kansas City Limited (CPKC) y Lanco Group/Mi‑Jack. PCRC opera una línea ferroviaria de 76 km (47 millas) adyacente al Canal de Panamá que facilita principalmente el movimiento de carga entre los océanos Atlántico y Pacífico. En 2024, generó ingresos de USD 77 millones y USD 36 millones en EBITDA.

“La empresa Panama Canal Railway Company representa una atractiva inversión de infraestructura que se alinea con nuestro negocio principal de movimiento de contenedores,” dijo Keith Svendsen, CEO de APM Terminals. “La compañía es reconocida por su excelencia operativa y proporcionará una significativa oportunidad que nos permitirá ofrecer una gama más amplia de servicios a los clientes de transporte marítimo global que atendemos."

“Nos complace haber completado esta transacción con APM Terminals, división de A.P. Moller – Maersk, un socio estratégico de CPKC y un importante cliente de Panama Canal Railway Company”, dijo Keith Creel, presidente de CPKC y Chief Executive Officer. “La venta de este activo crea valor para nuestros accionistas y refleja nuestro compromiso de optimizar nuestros activos mientras nos enfocamos en hacer crecer nuestro negocio ferroviario principal en Norteamérica, a través de nuestra inigualable red de tres países conectando Canada, Estados Unidos y México.”