08:30 AM EDT, 04/02/2025 (MT Newswires) -- Canadian Pacific Kansas City ( CP ) said Wednesday that it and Lanco Group/Mi-Jack have sold Panama Canal Railway to APM Terminals, a unit of A.P. Moller - Maersk.

Panama Canal Railway, a railroad that provides ocean-to-ocean freight and passenger services along the Panama Canal, generated revenue of $77 million and earnings before interest, taxes, depreciation, and amortization of $36 million in 2024, Canadian Pacific said.

Financial terms of the transaction were not disclosed.