On April 2, 2025, Canadian Pacific Kansas City (CPKC) announced that it, along with Lanco Group/Mi-Jack, has sold the Panama Canal Railway Company (PCRC) to APM Terminals, a global terminal operator and division of A.P. Moller - Maersk. PCRC, a 50/50 joint venture since 1998, provides ocean-to-ocean freight and passenger services along the Panama Canal.
In 2024, PCRC generated revenues of US$77 million and EBITDA of US$36 million. CPKC President and CEO Keith Creel stated that the sale of this non-core asset creates value for shareholders and reflects the company's commitment to optimizing its assets.
The divestiture allows CPKC to sharpen its focus on growing its core North American rail business, leveraging its three-nation network connecting Canada, the United States, and Mexico. This strategic move aims to enhance efficiency and concentrate resources on key growth opportunities within its primary market.
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