Reporting mark | CMQ |
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Locale | Maine, Vermont, Quebec |
Dates of operation | May 2014 | –
Predecessor | Montreal, Maine and Atlantic Railway |
Track gauge | 4 ft 8 1⁄2 in (1,435 mm) standard gauge |
Length | 481.01 miles (774.11 km) |
Headquarters | New York, NY |
Website | cmqrailway.com |
The Central Maine & Québec Railway (reporting mark CMQ) is a Class III freight railroad operating in the U.S. states of Maine and Vermont and the Canadian province of Quebec with headquarters in New York, NY. It is owned by Railroad Acquisition Holdings, LLC, a subsidiary of Fortress Investment Group, LLC.
Its United States operations are named the Central Maine & Québec Railway US Incorporated with offices in New York, NY, and was registered with the Surface Transportation Board on February 14, 2014.
Its Canadian operations are named the Central Maine and Québec Railway Canada Incorporated with offices in Sherbrooke, QC, and was registered with Revenue Québec on February 14, 2014.
The Montreal, Maine and Atlantic Railway (reporting mark MMA), itself a product of the 2002 Iron Road Railways bankruptcy, declared bankruptcy in the United States and Canada on August 7, 2013, following the fiery Lac-Mégantic derailment, in which a runaway crude oil train killed forty-seven people and caused an estimated $200 million in property damage to downtown Lac-Mégantic, Quebec. The company received protection under Chapter 11 of the United States Bankruptcy Code and under the Companies' Creditors Arrangement Act in Canada to oversee the sale of assets.