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Date: 07/04/2025

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, said a release.
 
“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.”
 
Source: Exim News Service: The Hague/Panama City, April 6



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