BANGOR (AP) — Lawyers in Maine and Canada are hoping to iron out some key details in the bankruptcy of a railroad whose train derailed in Quebec, killing 47 people. A bankruptcy hearing Wednesday aims to establish bidding procedures for the Montreal, Maine and Atlantic Railway and to set a deadline for people to file […]
railroad
Posted inBusiness, sj-web
Montreal, Maine and Atlantic Railway may be sold to investment firm
The trustee for the bankrupt Montreal, Maine and Atlantic Railway has signed a sales agreement for the railroad’s assets with a company that appears to be affiliated with a global investment firm based in New York City. In documents filed with the court on Thursday, Robert Keach, MMA’s trustee, asked the court for permission to […]
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Posted inAdvertiser Democrat, Franklin, River Valley, The Franklin Journal
New book released on history of Redington, Phillips and Rangeley Railroad
RANGELEY — The first history of Redington is now on the market in a new 312-page book by Guy Rioux titled “The Franklin County Narrow Gauges — The Next Stop is Rangeley.” The book provides detailed descriptions of the building and operation of the two lumber mills at Redington and of the Phillips and Rangeley […]
Posted inBusiness, sj-web
Montreal, Maine and Atlantic Railway managers could face layoffs
HERMON — It doesn’t necessarily mean they will lose their jobs, but 32 workers who signed employee retention agreements could be laid off from the bankrupt railway that owned the runaway train that caused one of the biggest rail disasters in North American history. The trustee appointed to operate Montreal, Maine and Atlantic Railway during proceedings […]
Posted inMaine, sj-web
Milo area businesses feel pain as bankrupt railroad struggles to survive
MILO — Fewer people come into the auto parts store where Brandon Mckenzie works. Wendy Coburn has laid off three people at her restaurant. Mike Washburn’s repair shop no longer has customers coming from as far away as Jackman. Owners and workers at some of the most established businesses in Milo and Brownville see the […]
Posted inMaine, sj-web
Bankrupt railroad hires Portland law firm to sell company, tracks
PORTLAND (AP) — A bankrupt railroad whose runaway train killed 47 people when it derailed and exploded in Quebec has hired a Portland law firm. A bankruptcy judge on Tuesday agreed to allow Montreal, Maine & Atlantic Railway to hire Verill Dana to represent the company during the bankruptcy process. Company trustee Robert Keach said […]
Posted inAdvertiser Democrat, Oxford Hills, The Franklin Journal
Western Maine passenger rail possible within the year
PARIS — Representatives from two passenger rail proposals looking to link Montreal to Boston through Western Maine say regular train service could start as early as next year. Speaking at a meeting of the Androscoggin, Oxford and Coos Counties Corridor Committee on Wednesday, George Schwanke and Bob Steele of Golden Eagle Railway Co. and Francois […]
Posted inMaine, sj-web
Railroad cars derail near Route 2 in Hermon
HERMON — At least two railroad cars on a train derailed behind a storage facility on Route 2. Railroad workers were at the scene. One of the cars was a tanker while the other appeared to be a boxcar. The tanker was on its side. The derailment occurred behind S&S Self Storage. No further details […]
Posted inLewiston-Auburn
Auburn police arrest 3 oil train protestors
AUBURN — The way Jessie Dowling sees it, getting arrested is the very least she can do. “We need to put our bodies on the line,” the 32-year-old Unity woman said, just before being led into a police van for the short ride to jail. “We don’t want another Lac-Megantic.” And there, in one simple […]
Posted inLewiston-Auburn
Crude oil low on fire chief’s danger list
The rail line through Lewiston and Auburn is one of three routes regularly used by Pan Am Railways to move crude. Last year, when it became clear that rail companies were preparing to ship crude oil through Maine, state officials started reviewing spill response strategies, according to a report in the Bangor Daily News. Pan […]