Canadian Pacific Kansas City (CP) said Wednesday that it Lanco Group/Mi-Jack have sold Panama Canal Railway to APM Terminals, a unit of A.P. Moller - Maersk.
Panama Canal Railway, a railroad that provides ocean-to-ocean freight and passenger services along the Panama Canal, generated revenue of $77 million and earnings before interest, taxes, depreciation, and amortization of $36 million in 2024, Canadian Pacific said.
Financial terms of the transaction were not disclosed.
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