This site is protected by reCAPTCHA and the Google
Terms of Service apply.
By Jeff Stagl, Managing EditorShortly before the first anniversary of the horrific Montreal, Maine & Atlantic Railway (MMA) derailment in Lac-Mégantic, Quebec, on July 6, the railroad’s entire U.S.-Canadian network came under the control of a new company.The Central Maine & Quebec Railway (CMQR) now operates the 510 miles of track running through portions of Maine, Vermont, Quebec and New Brunswick that MMA had controlled since it was formed in January 2003. Earlier this year, Fortress Investment Group L.L.C. subsidiary Rail Acquisition Holdings L.L.C. acquired MMA’s U.S. and Canadian networks through a bankruptcy proceeding, and formed CMQR to operate the lines.CMQR launched U.S. operations in mid-May and Canadian operations on July 1 after receiving necessary approvals from federal regulators in both nations.