APM Terminals Acquires Strategic Rail Asset: Expanding Global Shipping Services Beyond the Panama Canal

(IN BRIEF) APM Terminals has acquired the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City Limited and the Lanco Group/Mi‑Jack. The PCRC, which operates a 76-km railway adjacent to the Panama Canal and generated USD 77 million in revenue along with USD 36 million in EBITDA in 2024, is key for cargo movement between the Atlantic and Pacific Oceans. Keith Svendsen, CEO of APM Terminals, highlighted that the acquisition aligns with the company’s focus on intermodal container movement and operational excellence. Meanwhile, Keith Creel of Canadian Pacific Kansas City emphasized that selling this non-core asset allows CPKC to better concentrate on growing its core North American rail operations, connecting Canada, the United States, and Mexico, while creating shareholder value.

(PRESS RELEASE) THE HAGUE, 3-Apr-2025 — /EuropaWire/ — APM Terminals has successfully 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, playing a crucial role in moving cargo between the Atlantic and Pacific Oceans. In 2024, PCRC reported revenues of USD 77 million and EBITDA of USD 36 million.

Keith Svendsen, CEO of APM Terminals, stated, “The Panama Canal Railway Company represents an attractive infrastructure investment in the region, aligning perfectly with our core service of intermodal container movement. The company is renowned for its operational excellence, and this acquisition will allow us to expand our service offerings to the global shipping customers we serve.”

Keith Creel, President and Chief Executive Officer of Canadian Pacific Kansas City, added, “We are pleased to have concluded this transaction with APM Terminals, a part of A.P. Moller – Maersk, a key strategic partner of CPKC and a major customer of the Panama Canal Railway Company. The divestment of this non-core asset not only creates value for our shareholders but also reinforces our commitment to optimizing our assets while focusing on expanding our core North American rail business through our unparalleled three-nation network connecting Canada, the United States, and Mexico.”

Media Contacts:

Kevin Doell
Senior Communications Advisor and Media Relations Lead
APM Terminals

Mónica Martínez
Senior Media Relation Manager, Latin America
A.P. Moller – Maersk
monica.martinez@maersk.com

SOURCE: APM Terminals