Progressive Railroading

RAIL EMPLOYMENT
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry


All fields are required.





Rail News Home Rail Industry Trends

1/20/2003



Rail News: Rail Industry Trends

Vermont set to purchase line from former Bangor & Aroostook


The state of Vermont recently filed a notice of exemption with Surface Transportation Board to acquire from the former Bangor & Aroostook Railroad System (B&A) certain assets of Newport and Richford Railroad Co., Northern Vermont Railroad Co. Inc. and Canadian American Railroad Co.


The transaction includes right of way, trackage and other physical assets of a 61.5-mile Newbury-to-Newport, Vt., line.


The state recently finalized a contract with Washington County Railroad Co. to provide service on the line.


The assets are all that remain of B&A. Most of the company's assets (including the three short lines) were purchased by a Rail World Inc.-led investment and management consortium, which created Montreal, Maine & Atlantic Corp. (MM&A) to operate the lines. MM&A began operating Jan. 9.


Contact Progressive Railroading editorial staff.

More News from 1/20/2003