April 20, 2014

MM&A could be sold by year’s end

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.