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
- Ukrainian rail workers need our assistance
- Union Pacific corrupts FRA safety survey, involved members should call UP ethics hotline
- DIPP assessments drop to 32 cents per dollar of daily benefit coverage
- TD NTS room block hits capacity, more lodging being secured
- Colorado SLD: Ulterior motives fueled editorial regarding rail safety bill
- BLET buys into Ancora’s promises
- SMART GC Ellis issues statement on LACMTA’s emergency procurement declaration to acquire barriers
- SMART-TD maintains support of current NS leadership
- Online fundraiser established for Local 821 officer’s family
- Ground broken on Brightline West — new rail jobs incoming!