PORTLAND — The sale of the Maine-based railroad responsible for a deadly oil train derailment in Quebec is due to completed next week. Chapter 11 trustee Robert Keach said Thursday that the $15.85 million sale of Montreal, Maine and Atlantic Railway will close on May 15. A bankruptcy judge gave permission to delay a separate […]
railroad
Posted inLewiston-Auburn
2014 the year for Grand Trunk Cafe, owner vows
LEWISTON — Karen Pulkkinen said her long-awaited Grand Trunk Cafe will be open sometime this summer. “We are being very careful, and we want to be very prepared,” she said. “It’s not always a good thing to hype it up too much, because you want a soft opening. I know the restaurant business, and I […]
advertisement
Posted inLocal & State, sj-web
Auction for railroad in Quebec derailment gets OK
PORTLAND (AP) — As the first trains rolled into a Quebec town devastated by a derailment and fire that killed 47 people, a federal bankruptcy judge approved bidding procedures Wednesday for the auction of the Maine-based railroad that owned the train. The action in a courtroom in Bangor came on the same day the first […]
Posted inLocal & State, sj-web
Hearing set for bankrupt Maine railroad
BANGOR (AP) — Lawyers in Maine and Canada are hoping to iron out some key details in the bankruptcy of a railroad whose train derailed in Quebec, killing 47 people. A bankruptcy hearing Wednesday aims to establish bidding procedures for the Montreal, Maine and Atlantic Railway and to set a deadline for people to file […]
Posted inBusiness, sj-web
Montreal, Maine and Atlantic Railway may be sold to investment firm
The trustee for the bankrupt Montreal, Maine and Atlantic Railway has signed a sales agreement for the railroad’s assets with a company that appears to be affiliated with a global investment firm based in New York City. In documents filed with the court on Thursday, Robert Keach, MMA’s trustee, asked the court for permission to […]
Posted inAdvertiser Democrat, Franklin, River Valley, The Franklin Journal
New book released on history of Redington, Phillips and Rangeley Railroad
RANGELEY — The first history of Redington is now on the market in a new 312-page book by Guy Rioux titled “The Franklin County Narrow Gauges — The Next Stop is Rangeley.” The book provides detailed descriptions of the building and operation of the two lumber mills at Redington and of the Phillips and Rangeley […]
Posted inBusiness, sj-web
Montreal, Maine and Atlantic Railway managers could face layoffs
HERMON — It doesn’t necessarily mean they will lose their jobs, but 32 workers who signed employee retention agreements could be laid off from the bankrupt railway that owned the runaway train that caused one of the biggest rail disasters in North American history. The trustee appointed to operate Montreal, Maine and Atlantic Railway during proceedings […]
Posted inLocal & State, sj-web
Milo area businesses feel pain as bankrupt railroad struggles to survive
MILO — Fewer people come into the auto parts store where Brandon Mckenzie works. Wendy Coburn has laid off three people at her restaurant. Mike Washburn’s repair shop no longer has customers coming from as far away as Jackman. Owners and workers at some of the most established businesses in Milo and Brownville see the […]
Posted inLocal & State, sj-web
Bankrupt railroad hires Portland law firm to sell company, tracks
PORTLAND (AP) — A bankrupt railroad whose runaway train killed 47 people when it derailed and exploded in Quebec has hired a Portland law firm. A bankruptcy judge on Tuesday agreed to allow Montreal, Maine & Atlantic Railway to hire Verill Dana to represent the company during the bankruptcy process. Company trustee Robert Keach said […]
Posted inAdvertiser Democrat, Oxford Hills, The Franklin Journal
Western Maine passenger rail possible within the year
PARIS — Representatives from two passenger rail proposals looking to link Montreal to Boston through Western Maine say regular train service could start as early as next year. Speaking at a meeting of the Androscoggin, Oxford and Coos Counties Corridor Committee on Wednesday, George Schwanke and Bob Steele of Golden Eagle Railway Co. and Francois […]