Regional of the Year: Central Maine & Quebec Rwy.; Short Line of the Year: New Orleans & Gulf Coast Rwy.

April 4, 2016

Written by Carolina Worrell, Managing Editor, Railway Age Magazine

Years from now, the history books will recount the tragic story of the Lac-Mégantic crude oil train disaster, a wreck that claimed 47 lives and decimated a small, bucolic Canadian village. But if history is to be accurately served, the history books will also recount how a new railroad came in, and did its best to set things right, restoring service, but more important, helping a community get back on its feet.Website Insert Perfect Answer copy

Thus, the story of our 2016 Regional Railroad of the Year, the Central Maine & Quebec Railway. Here is the CM&Q story, as told by its own people:

Twenty months ago, Railroad Acquisition Holdings (an affiliate of Fortress Investment Group) bought the U.S. and Canadian railroad assets of the bankrupt Montreal, Maine & Atlantic Railway and named the new railroad Central Maine & Quebec Railway. Fortress is one of the leading investors in transportation and infrastructure assets and currently has $75 billion under management. Prior to the purchase of CM&Q, Fortress previous rail investments included RailAmerica and Fortress continues to own the Florida East Coast Railway.

Click here to read the full story.

 

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