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
- Safety Starts With Us
- BNSF Seeks Dangerous RCO Waiver
- Mourning the Loss of Brother Benjamin Bicknell
- I’m Not Qualified =’s I’m Not Doing It!
- Train Lengths Would Be Capped Under New Arizona Bill
- 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