APM Terminals acquires Panama Canal Railway operator

APM Terminals has acquired the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City Limited (CPKC) and the Lanco Group/Mi-Jack. PCRC operates a 76-kilometer (47-mile) single-line railway running alongside the Panama Canal, primarily used to transport cargo between the Atlantic and Pacific Oceans. In 2024, PCRC reported a revenue of USD 77 million and an EBITDA of USD 36 million.

The acquisition is aimed at enhancing APM Terminals' intermodal logistics capabilities in the region. PCRC's operations are expected to support container movement across the isthmus and broaden the services offered by APM Terminals in Latin America.

CPKC described the sale as part of its strategy to focus on core rail operations across its network in Canada, the United States, and Mexico. The divestment of PCRC, considered a non-core asset, is intended to help the company streamline operations and reallocate resources to its primary markets.

The transaction reflects continued interest in regional infrastructure assets that facilitate intermodal cargo movement and support global supply chain logistics.