Originally published at: APM Terminals buys Panama Canal Railway from CPKC, Lanco Group/Mi-Jack - FreightWaves
CALGARY, Alberta — Canadian Pacific Kansas City (NYSE: CP) and the Lanco Group/Mi-Jack have sold the Panama Canal Railway to APM Terminals, a global terminal operator and an independent division of A.P. Moller-Maersk (XCSE: MAERSKa). The 47.6-mile railway provides ocean-to-ocean freight and passenger services along the Panama Canal and has been a 50/50 joint venture…