Canadian Pacific Kansas City said on Wednesday it and U.S.-based Lanco Group have sold the Panama Canal Railway Company to a unit of Denmark's Maersk , one of the world's largest container shipping ...

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 between CPKC subsidiary Kansas City Southern and Lanco Group ...

Danish shipping powerhouse A.P. Moller-Maersk A/S purchased a railway linking ports at both ends of the Panama Canal, undermining the United States’ presence along a key trade route where Donald ...

as the new operator of the Panama Canal railway is generating optimism in the Central American country, given the expectations that this strategic step by the Danish giant will favor the ...

Canadian Pacific Kansas City and venture partner Lanco Group sold their business providing ocean-to-ocean freight and passenger services along the Panama Canal to an independent division of ...

Trump may want to turn back the clock on half a century of incompetent negotiation and poor deal-making, but legally, he has ...

The Panama Canal Railway operates a 76km railway along the Panama Canal. Credit: APM Terminals. A.P. Moller – Maersk division APM Terminals has purchased the Panama Canal Railway Company (PCRC) from ...

Canadian Pacific and the Illinois-based conglomerate have equally owned Panama Canal Railway Co. since it was formed in 1998. The Panama company last year generated revenue of $77 million and ...

(Reuters) - Canadian Pacific Kansas City said on Wednesday it and U.S.-based Lanco Group have sold the Panama Canal Railway Company to a unit of Denmark's Maersk , one of the world's largest ...

Source: Panama Canal Railway In late 2023 and early 2024, the railway picked up 20% more business due to low water levels in the canal. Panama imposed drought-related draft limitations on ships ...

A.P. Moller – Maersk division APM Terminals has purchased the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City (CPKC) and the Lanco Group/Mi-Jack. PCRC is a 76km railway ...