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
- Stand by Our Brother: Support Jesus Mesina and His Family
- Arkansas & Missouri Begins a New Chapter with SMART-TD
- Montebello Transit Wins Longevity Pay, Wage Gains
- Representative Paul Evans Sells Out Oregon Railroaders
- PHOTO GALLERY: SEPTA Drivers Provide Bulletproof Barrier Feedback
- Strong Team Smooths Transition for New Local 406
- New Bills Pass Thanks to Teamwork and Communication
- SMART-TD Stands with FRA in Defense of Two-Person Crew Rule in Federal Appellate Court
- Coal trains roll as Michigan power plant gets a lifeline
- SMART-TD Calls for Legislative Action After Firearm Incident Involving Keolis Crew Member