Montreal, Maine & Atlantic Ltd, the railway involved in last month’s deadly derailment and explosion in Lac-Megantic, Quebec, filed for bankruptcy protection on Wednesday, saying the move would enable the company to preserve the value of its assets.
The railway said it lost much of its freight business following the July 6 disaster, which killed 47 people and devastated the town of Lac-Megantic.
Read the complete story at NBC News.
Related News
- Senate Hearing Highlights the Good, the Bad, and The Ugly of RRB
- On-Duty Assault Leaves Amtrak Conductor Facing Financial Hardship
- Transit Equity Day: Remembering Rosa Parks
- Railroads Have Short Memories: East Palestine 3 Years Later
- RIDER Safety ACT Aims to Curb Transit Assaults Nationwide
- Rail Safety Is Too Important For Corporate Discretion
- Virginia 2-PC Law Could Become a Reality if We Act Now
- WATCH: Members Step Up to Take Care of Their Own
- Metro Micro Operators Overwhelmingly Ratify First Contract
- New Documentary Features California Local 1741 Bus Operators