In April, APM Terminals, a port operating company and a unit of Danish shipping company Maersk’s Transport and Logistics division, acquired the Panama Canal Railway Co. (PCRC) from Canadian Pacific Kansas City (CPKC) and the Lanco Group/Mi‑Jack.
PCRC operates a 76-kilometer (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 $77 million of revenue and $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 of 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.”
A.P. Møller – Maersk is a key strategic partner of CPKC and major cus
