July 26, 2014

Charges laid against MM&A railroad, employees

MONTREAL – Montreal, Maine and Atlantic and three of its employees are to be charged Tuesday with criminal negligence causing death in connection with the Lac-Mégantic derailment. Forty-seven people died after a runaway MMA crude oil train derailed and exploded there on July 6, 2013. Millions of litres of crude oil spilled in the accident. [...]

Maine railroad in deadly Canada derailment sold

PORTLAND, Maine – A railroad that went bankrupt after a fiery oil train derailment killed 47 people last summer in Canada was sold at auction Tuesday to a subsidiary of a New York City-based investment management company. Railroad Acquisitions LLC, a subsidiary of Fortress Investment Group, won the closed-door bidding for Montreal, Maine and Atlantic [...]