
Maersk’s APM Terminals Buys Panama Canal Railway Company
In a first for Maersk’s operations, the group’s terminal company APM reports it acquired the 47-mile-long Panama Canal Railway Company from Canadian Pacific Kansas City and Lanco Group. While it is the first railroad operation in the company, executives highlighted that it is in keeping with Maersk’s intermodal logistics focus. No price was cited for the railroad which is reported to generate revenues of $77 million and EBITDA earnings of $36 million annually. The railroad was rehabilitated in...
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