Posted inBusiness, sj-web

Bankruptcy judge approves $3 million loan for railway

BANGOR — A U.S. Bankruptcy Court judge Wednesday approved a $3 million loan from Camden National Bank that will allow the Montreal, Maine and Atlantic Railway to continue operating with two-man crews running the trains. Canadian authorities in August ordered the railroad to use two-man crews for all hazardous material transportation in response to the […]

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Attorney for Lac-Megantic victims says he will sue Irving over mislabeling of oil in train cars

BANGOR — An Illinois attorney who represents the victims of the Lac-Megantic, Quebec, train disaster and their families said Friday that he will file a lawsuit against Irving Oil Co., the Canadian firm that hired the railroad to ship crude oil to its refinery in New Brunswick. Peter J. Flowers of Chicago, who represents the […]

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Canada suspends license of Montreal, Maine & Atlantic Railway in Quebec

MONTREAL — Montreal, Maine & Atlantic Railway Ltd., whose runaway oil train exploded and killed 47 people in a Quebec town last month, had its operating certificate suspended by Canada’s transportation regulator. The Canadian Transportation Agency said the carrier lacked sufficient liability coverage in the wake of the disaster in Lac-Megantic, according to a statement […]

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Maine officials say they will keep the MMA rails open

PORTLAND — Maine’s transportation commissioner says the state will make sure that railroad lines remain operating during bankruptcy proceedings for the railway whose runaway oil train devastated a small town in Canada. David Bernhardt said Thursday that three railroads that operate in Maine have been contacted to see if they’d be interested in operating the […]