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
- NTS Day 3: Railroad safety improvements driven by member reports
- NTS Day 3: America’s transit safer because of union member efforts
- TD NTS: STB chair and vice chair address officers, assure labor will have input
- TTD president: Labor needs to stick together to maintain progress
- TD National Training Seminar begins; officers train to confidently represent union members
- SMART-TD transit union conducts first Bus/Transit Day on the Hill
- Chairperson ensures that new bus members get what’s owed to them
- LACMTA reconstitutes in-agency police force to protect workers, riders
- Open enrollment for the SMART-TD VLTD and VLIFE plans begins for rail and bus members
- SMART-TD excited to welcome Coaster to its passenger rail/commuter family