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Stock impact report

APM Terminals acquires Panama Canal Railway from CPKC [Yahoo! Finance]

A.P MOLLER-MRS UNS/ADR (AMKBY) 
NASDAQ:AMEX Investor Relations: investor.maersk.com/investor-relations
Company Research Source: Yahoo! Finance
APM Terminals acquired the Panama Canal Railway Company from Canadian Pacific Kansas City, according to an April 2 press release The Panama Canal Railway is a 47-mile single-line railway adjacent to the canal, connecting the Atlantic and Pacific oceans, per the press release. By adding the railway, APM Terminals, a unit of A.P. Moller-Maersk , aims to strengthen its logistics capabilities in Panama, an APM Terminals spokesperson told Supply Chain Dive. In Panama, APM Terminals operates regional offices for the Americas, a Maersk Latin America regional office and a Maersk Americas ocean operations office, the spokesperson said. Maersk also opened a nearly 37,700-square-foot fulfillment center in the Panama Pacifico logistics park in 2022. APM Terminals is in the process of upgrading the Panama Pacifico distribution center, the spokesperson said. The upgrades, expected to be completed by May, include expanding the facility to pver 215,000 square feet. “Our focus remains on st Show less Read more
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