Fortress asks STB for control of Montreal Maine and Atlantic Railway - report
U.S. private equity firm Fortress Investment Group LLC has petitioned the U.S. Surface Transportation Board to gain control of the Montreal Maine and Atlantic Railway Inc's new entities after they become approved carriers, reports Progressive Railroading. In January 2014, Fortress won the rights to nearly all of the assets of Montreal, Maine and Atlantic Railway (MMA) and its Canadian affiliate, Montreal Maine & Atlantic Canada Co, in a bankruptcy-related auction. MMA was the railway company involved in the train derailment disaster in Lac-Mégantic, Québec last year.
4 March 2014•1 min read
