From the Bangor Daily News:
Bangor Daily News wrote:Officials say the company formed a year and a half ago to acquire the bankrupt Montreal, Maine and Atlantic Railway has made significant headway in its efforts to upgrade crumbling infrastructure and build up its customer base.Read the rest of the article at: http://bangordailynews.com/2016/02/15/b ... ding-line/" onclick="window.open(this.href);return false;
. . .
“We’ve put $23 million of fresh capital into this railroad,” Chief Executive Officer John Giles said during a recent visit to Bangor to celebrate the opening of the company’s new offices at 700 Main St.
. . .
Much of the Montreal, Maine and Atlantic track system was limited to 10 mph before the ownership changed, Giles noted, adding that the former owner “had put no capital into this railroad for decades.”
. . .
Giles said that since Maine Central and Quebec bought the railroad, its base of active customers has increased almost three-fold.
“When we arrived, there were a little over 3,000 carloads per quarter. We’re now in the 7,000 range today,” he said.
Arguably one of the biggest shifts under new ownership is a company-wide emphasis on safety that has involved, besides track and equipment upgrades, safety instruction for all employees when it assumed control, training programs for communities and paying to send town fire chiefs to training centers in the western U.S.
. . .
A particular source of pride for Giles, given his predecessor’s Lac-Megantic legacy, is the safety award that Central Maine and Quebec received last year from the Railway Association of Canada.
MEC407
Moderator:
Pan Am Railways — Boston & Maine/Maine Central — Delaware & Hudson
Central Maine & Quebec/Montreal, Maine & Atlantic/Bangor & Aroostook
Providence & Worcester — New England — GE Locomotives
Moderator:
Pan Am Railways — Boston & Maine/Maine Central — Delaware & Hudson
Central Maine & Quebec/Montreal, Maine & Atlantic/Bangor & Aroostook
Providence & Worcester — New England — GE Locomotives