News / Purchase of Panama railway 'a significant opportunity' for ambitious APMT

Panama Canal Railway (CNW Group/CPKC)

Maersk’s port arm, APM Terminals, has bought the Panama Canal Railway Company (PCRC), which runs rail freight services along the 74km between the country’s Pacific and Atlantic coasts.

“The PCRC represents an attractive infrastructure investment in the region aligned to our core services of intermodal container movement,” said APM Terminals CEO Keith Svendsen.

“The company is highly regarded for its operational excellence and will provide a significant opportunity for us to offer a broader range of services to the global shipping customers ...