Wednesday, December 18, 2013

Trains Return to Lac-Mégantic Today

More than five months after the rail disaster in Lac-Mégantic, a freight train will roll through town today. The Montreal, Maine and Atlantic (MMA) railway is running a short six-car train loaded with prefabricated panels from Tafisa, a local manufacturer of particleboard and melamine panels. No dangerous goods will be on the train.

Meanwhile, a bidder has emerged for the bankrupt MMA. Railroad Acquisition Holdings, LLC, believed to be a subsidiary of Fortress Investment Group. It is expected that more bidders will emerge before the deadline of January 17, 2014.