Progressive Railroading

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

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

View Current Digital Issue »


Rail News Home Rail Industry Trends


Rail News: Rail Industry Trends

Rail World expects to acquire Bangor & Aroostook System by year end


As of the Oct. 1 closing date, Bangor & Aroostook Railroad Co. received only one for its Bangor & Aroostook System (B&A) — the bid Rail World Inc. submitted in July, according to a Rail World statement released Oct. 2.

On Oct. 8, B&A plans to ask a bankruptcy court to approve its purchase agreement with Rail World subsidiary Montreal, Maine & Atlantic Railway L.L.C. (MMA), which would provide rail service to Maine, Vermont and Quebec, Canada, as a new railroad using B&A's lines.

B&A's properties include Canadian American Railroad Co., Northern Vermont Railroad Co., Newport and Richford Railroad Co. and Quebec Southern Railway Co. Ltd.

"We have targeted Dec. 1 as closing date, and have a lot of work to do to prepare for start-up of our new railway," said Rail World President Edward Burkhardt.

MMA plans to hold employee meetings on B&A properties the week of Oct. 14 and announce its management team within the next few weeks.

Contact Progressive Railroading editorial staff.

More News from 10/2/2002