PORTLAND, Maine – The bankrupt railroad whose runaway train sparked a fire and explosion that killed 47 people in Quebec could be sold by year’s end, the company’s trustee said Thursday.
Montreal, Maine & Atlantic Railway has made no secret that its sale will be necessary to repay creditors and victims following the July 6 disaster Lac-Megantic, Quebec. And railroad trustee Robert Keach said he’s already been approached by “several” potential buyers.
Read the complete story at The Houston Chronicle.
Related News
- 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
- WATCH: Railroaders Meet Life’s Risks Head-On
- What Does $73.16/Hour Actually Mean?
- New Jersey Leads with Rail Safey Law
- “The Safety Program That Works — And Why Railroads Won’t Use It”
- Jobs Still Protected After Merger Delay
- Recommit to the Work Ahead this MLK Day
- Federal Protection for Train Crews Promised by Passenger Rail Crew Protection Act