(Source: Railway Track & Structures, March 16, 2015)
NEW YORK — CMQ was formed less than a year ago when Railroad Acquisition Holdings LLC, an affiliate of New York-based Fortress Investment Group, acquired the just under 500 (481) miles of rail line from Montreal, Maine and Atlantic Railway (MMA) for a reported $15 million. MMA fell into bankruptcy following the tragic accident at Lac-Mégantic, Quebec, in July 2013.
Full story: www.rtands.com