Freight News, Rail, Sea


APM Terminals buys Panama railway

[ April 7, 2025   //   ]

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 mainly used to move cargo between the Atlantic and Pacific Oceans. In 2024, the it generated revenue of US$77 million and $36 million in EBITDA earnings.

Tags: