CPKC and Lanco Group/Mi-Jack sell Panama Canal Railway Co. joint venture

1 week_ago 4

Calgary·New

Canadian Pacific Kansas City Ltd. and Lanco Group/Mi-Jack person sold their associated task Panama Canal Railway Co. to APM Terminals, a planetary terminal relation and part of A.P. Moller - Maersk.

Financial presumption not instantly available

The Canadian Press

· Posted: Apr 02, 2025 10:04 AM EDT | Last Updated: 6 minutes ago

Unifor says it has filed for conciliation successful its declaration talks with railway institution Canadian Pacific Kansas City Ltd. Signage is pictured astatine a Canadian Pacific Kansas City (CPKC) railyard successful Smiths Falls, Ont., Thursday, Aug. 22, 2024.

Canadian Pacific Kansas City Ltd. and Lanco Group/Mi-Jack person sold their associated task Panama Canal Railway Co. to APM Terminals, a planetary terminal relation and part of A.P. Moller - Maersk.

Financial presumption of the woody were not instantly available.

PCRC provides ocean-to-ocean freight and rider services on the Panama Canal.

CPKC subsidiary Kansas City Southern and Lanco Group/Mi-Jack formed the associated task successful 1998 erstwhile it was awarded a concession to reconstruct and run the railway, adjacent to the canal.

It extends 76 kilometres from the Atlantic to the Pacific.

CPKC main enforcement Keith Creel says the merchantability of the non-core plus creates worth for shareholders and reflects the company's committedness to optimize its assets.

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