Canadian Pacific Kansas City ( (TSE:CP) ) has issued an announcement.
Canadian Pacific Kansas City (CPKC) and Lanco Group/Mi-Jack have sold the Panama Canal Railway Company (PCRC) to APM Terminals, a division of A.P. Moller – Maersk. This sale aligns with CPKC’s strategy to optimize its assets and focus on its core North American rail business. The transaction is expected to create value for shareholders and enhance APM Terminals’ service offerings in the region, leveraging PCRC’s operational excellence to expand intermodal container movement services.
More about Canadian Pacific Kansas City
Canadian Pacific Kansas City (CPKC) is a transnational railway company headquartered in Calgary, Alberta, Canada. It is the first and only single-line railway linking Canada, the United States, and Mexico, offering extensive rail services and logistics solutions across approximately 20,000 route miles. CPKC provides unparalleled access to major ports and markets across North America, employing 20,000 railroaders.
YTD Price Performance: 0.30%
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Technical Sentiment Signal: Buy
Current Market Cap: $66.64B
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