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Tag: Lac Megantic

MM&A Auction Could Happen Next Week

| January 17, 2014

PORTLAND, Maine (AP) – Montreal, Maine & Atlantic, the Maine-based railroad that declared bankruptcy after one of its trains caused a disaster that killed 47 people in Canada, will go up for auction on Tuesday if additional bidders are deemed to be qualified. Trustee Robert Keach said one additional bid had been received before Friday’s […]

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Montreal, Maine and Atlantic Remains Afloat….For Now

| October 10, 2013

BANGOR, Maine (AP) – A federal judge has approved a $3 million loan to allow a beleaguered Maine-based railroad to stay afloat while its assets are sold during bankruptcy proceedings. Judge Louis Kornreich on Wednesday approved the loan from Camden National Bank to Montreal, Maine and Atlantic Railway, which is going through bankruptcy after one […]

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Oil Train Derailment

| September 11, 2013

    OTTAWA, Ontario (AP) – A Canadian agency says oil that was aboard a train that crashed and set off deadly explosions in a small Quebec town was improperly classified. The Transportation Safety Board said Wednesday that the oil aboard the Maine-based Montreal, Maine and Atlantic train that crashed July 6 in Lac-Megantic was […]

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