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
- FRA Permits Self-Driving Freight Test Despite Warnings from SMART-TD
- The East Palestine Disaster Turns Two: SMART-TD Demands Action
- Riders resist driverless technologies in Chicagoland
- Union Pacific’s leasing scheme to cost jobs in Eugene, Oregon
- Ready For a Change, Connecticut Southern Railroad Joins SMART-TD
- In Memoriam: Dan Bonawitz, A Tireless Advocate for Workers’ Rights and Union Brotherhood
- Dining car stewards vote for a better future
- Railroad discipline increases – DIPP can see you through
- Longtime ally of union workers elected minority leader of Railroads, Pipelines, and Hazardous Material Subcommittee
- FRA Administrator Amit Bose Honored as He Steps Down