APM Terminals acquires Panama Canal Railway Company
APM Terminals (APMT) has acquired the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City (CPKC) and the Lanco Group/Mi-Jack.
The PCRC operates a 76 km single-line railway adjacent to the Panama Canal that mainly facilitates cargo movement between the Atlantic and Pacific Oceans.
Keith Svendsen, APMT CEO, said: “The PCRC represents an attractive infrastructure investment in the region aligned to our core services of intermodal container movement.
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