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Montreal, Maine And Atlantic Railway
The Montreal, Maine and Atlantic Railway was a Class II freight railroad that operated in the U.S. states of Maine and Vermont and the Canadian province of Quebec between 2002 and 2014. It was headquartered in Hermon, Maine. Its Canadian subsidiary was named the Montreal, Maine and Atlantic Canada Company with offices in Farnham, Quebec. With the exception of an independently owned low-speed tourist train (the Orford Express) on one small segment between Magog and Sherbrooke, there was no passenger service on the MMA system. MMA and its Canadian subsidiary entered Chapter 11/ CCAA bankruptcy protection in August 2013 as a direct result of the Lac-MĂ©gantic rail disaster, a runaway train incident in July 2013 which resulted in an estimated $200 million in damage and the deaths of 47 people. MMA's assets were sold at auction to Railroad Acquisition Holdings, LLC, a subsidiary of Fortress Investment Group, LLC on January 21, 2014. Fifteen locomotives worth $1.6 million were ex ...
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Maine
Maine () is a state in the New England and Northeastern regions of the United States. It borders New Hampshire to the west, the Gulf of Maine to the southeast, and the Canadian provinces of New Brunswick and Quebec to the northeast and northwest, respectively. The largest state by total area in New England, Maine is the 12th-smallest by area, the 9th-least populous, the 13th-least densely populated, and the most rural of the 50 U.S. states. It is also the northeasternmost among the contiguous United States, the northernmost state east of the Great Lakes, the only state whose name consists of a single syllable, and the only state to border exactly one other U.S. state. Approximately half the area of Maine lies on each side of the 45th parallel north in latitude. The most populous city in Maine is Portland, while its capital is Augusta. Maine has traditionally been known for its jagged, rocky Atlantic Ocean and bayshore coastlines; smoothly contoured mountains; heavily f ...
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Runaway Train
A runaway train is a type of railroad incident in which unattended rolling stock is accidentally allowed to roll onto the main line, a moving train loses enough braking power to be unable to stop in safety, or a train operates at unsafe speeds due to loss of operator control. If the uncontrolled rolling stock derails or hits another train, it will result in a train wreck. A deadman's control, if the brakes are working, can prevent unattended rolling stock from moving. A railway air brake can fail if valves on the pipe between each wagon are accidentally closed; the 1953 Pennsylvania Railroad train wreck and the 1988 Gare de Lyon train accident were results of a valve accidentally closed by the crew, reducing braking power. A parked train or cut of cars may also run away if not properly tied down with a sufficient number of hand brakes. Incidents Accidents and incidents involving defective or improperly-set railway brakes include: * Igandu train disaster, Tanzania (2002) â ...
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Bangor And Aroostook Railroad
The Bangor and Aroostook Railroad was a United States railroad company that brought rail service to Aroostook County in northern Maine. Brightly-painted BAR boxcars attracted national attention in the 1950s. First-generation diesel locomotives operated on BAR until they were museum pieces. The economic downturn of the 1980s, coupled with the departure of heavy industry from northern Maine, forced the railroad to seek a buyer and end operations in 2003. It was succeeded by the Montreal, Maine and Atlantic Railway. History The company was incorporated in 1891 to combine the lines of the former Bangor and Piscataquis Railroad and the Bangor and Katahdin Iron Works Railway. It was based in Bangor and lines extended from there to Oakfield and Houlton in 1894. The line was extended from Houlton to Fort Fairfield and Caribou in 1895. A parallel branch line was extended from Oakfield to Ashland in 1896. A branch was built from Caribou to Limestone in 1897, and the main line extende ...
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Van Buren Bridge And Construction Company
A van is a type of road vehicle used for transporting goods or people. Depending on the type of van, it can be bigger or smaller than a pickup truck and SUV, and bigger than a common car. There is some varying in the scope of the word across the different English-speaking countries. The smallest vans, microvans, are used for transporting either goods or people in tiny quantities. Mini MPVs, compact MPVs, and MPVs are all small vans usually used for transporting people in small quantities. Larger vans with passenger seats are used for institutional purposes, such as transporting students. Larger vans with only front seats are often used for business purposes, to carry goods and equipment. Specially-equipped vans are used by television stations as mobile studios. Postal services and courier companies use large step vans to deliver packages. Word origin and usage Van meaning a type of vehicle arose as a contraction of the word caravan. The earliest records of a van as a vehicle i ...
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Quebec Southern Railway (QSR)
Quebec Southern Railway (reporting remark QSR) refers to two former railways operated in Quebec from 1900 to 1903 and again from 1996 to 2003. The railway was owned by American railway operators, but most of its existence was under Canadian ownership. First Incarnation QSR began as East Richelieu Valley Railway in 1890 and 1895 it was acquired by United Counties Railways and in 1900 renamed as QSR when it was acquired by Rutland Railroad. The QSR name was short-lived as it was acquired by Delaware & Hudson Railway and renamed Quebec, Montreal & Southern Railway in 1906. Second Incarnation QMSR became part of Canadian National Railway's Quebec operations from 1929 to 1991 and then under rival Canadian Pacific Railway (CP) from 1991 to 1996, spun off by CP to Iron Road Railways which resurrected the QSR named in 1996. The 2002 bankruptcy of Iron Road Railways saw QSR's assets sold in 2003. The rail line and property was acquired by the Montreal, Maine and Atlantic Railway ...
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Northern Vermont Railroad
Northern Vermont Railroad (Northern Vermont Railroad Company Incorporated) (reporting remark NVR) was a former class III railroad that operated in Vermont from 1996 to 2002. NVR was based in Newport, Vermont. The Northern Vermont Railroad was created by holding company Iron Road Railways on and began operations on 28 September 1996 on the former Canadian Pacific Railway's Lyndonville Subdivision and the Boston and Maine Railroad's former Wells River Subdivision. The company had no employees, and trackage rights on the system (with all in Vermont) were owned by Canadian American Railroad. Iron Road ceased operations in late 2002 and NVR was merged along with Canadian American Railroad, Bangor and Aroostook Railroad and Quebec Southern Railway to form Montreal, Maine and Atlantic Railway, which also went bankrupt following the Lac-MĂ©gantic disaster. The Central Maine and Quebec Railway (CMQ) was formed as the successor to the MM&A, resuming operations in 2016; CMQ would b ...
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Canadian American Railroad
The Canadian American Railroad was a railroad that operated between Brownville Junction, Maine and Lennoxville, Quebec. The railroad later expanded west to Farnham, Quebec and then St-Jean-sur-Richelieu, Quebec with running rights on Canadian Pacific Railway (CP) to Montreal, Quebec. CDAC was established in 1994 and operated as a railroad between 1995 and 2002. It was owned by transportation holding company Iron Road Railways. History Beginning in 1993, CP announced its intention to abandon or sell its Canadian Atlantic Railway (CAR) subsidiary due to declining traffic levels. In early January 1995 the eastern portion of the CAR mainline from Saint John, New Brunswick to Brownville Junction, Maine was sold to industrial conglomerate J.D. Irving Limited (JDI) which created the New Brunswick Southern Railway (NBS) and Eastern Maine Railway (1995), Eastern Maine Railway (EMR) as subsidiaries. Owning this section gave JDI access to interchange points with Canadian National Rail ...
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Bangor & Aroostook Railroad
The Bangor and Aroostook Railroad was a United States railroad company that brought rail service to Aroostook County in northern Maine. Brightly-painted BAR boxcars attracted national attention in the 1950s. First-generation diesel locomotives operated on BAR until they were museum pieces. The economic downturn of the 1980s, coupled with the departure of heavy industry from northern Maine, forced the railroad to seek a buyer and end operations in 2003. It was succeeded by the Montreal, Maine and Atlantic Railway. History The company was incorporated in 1891 to combine the lines of the former Bangor and Piscataquis Railroad and the Bangor and Katahdin Iron Works Railway. It was based in Bangor and lines extended from there to Oakfield and Houlton in 1894. The line was extended from Houlton to Fort Fairfield and Caribou in 1895. A parallel branch line was extended from Oakfield to Ashland in 1896. A branch was built from Caribou to Limestone in 1897, and the main line extende ...
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Caisse De Dépôt Et Placement Du Québec
Caisse de dépôt et placement du Québec (CDPQ; ) is an institutional investor that manages several public and parapublic pension plans and insurance programs in Quebec. CDPQ was founded in 1965 by an act of the National Assembly, under the government of Jean Lesage. It is the second-largest pension fund in Canada, after the Canada Pension Plan Investment Board. As of June 30, 2022, CDPQ managed assets of C$391 billion, invested in Canada and elsewhere. CDPQ is headquartered in Quebec City at the Price building and has its main business office in Montreal at Édifice Jacques-Parizeau. History The Caisse de dépôt et placement du Québec was established on July 15, 1965, by an Act of Québec's National Assembly to manage the funds of the Quebec Pension Plan, a public pension plan also created by the Québec government. In the years following, CDPQ was entrusted with managing the funds of other public pension and insurance plans: the Supplemental Pension Plan for Employees o ...
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US Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equi ...
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Rail World
Rail World is a rail transport holding company. Its specialties include railway management, consulting, investment, privatizations, and restructurings. Its purpose is to promote rail industry privatization by bringing together government bodies wishing to sell their stakes with investment capital and management skills. Overview Rail World was incorporated in July 1999 by Edward Burkhardt, who is the President and Chief Executive Officer. Rail World's assets consist of a controlling interest in San Luis Central Railroad in Colorado and a 100% ownership of Rail Polska (Poland) and Baltic Rail OU (Estonia). Subsidiaries *Baltic Rail OU (container train operator) *Rail Polska (freight railway operations) *Rail World Locomotive Leasing, (locomotive leasing) *Rail World Ukraine, a freight forwarding service *San Luis Central Railroad (railway freight operations) Response to Lac-MĂ©gantic derailment After the derailment at Lac-MĂ©gantic, Quebec, Canada of a Montreal, Maine & Atlant ...
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Canadian Pacific Railway
The Canadian Pacific Railway (french: Chemin de fer Canadien Pacifique) , also known simply as CPR or Canadian Pacific and formerly as CP Rail (1968–1996), is a Canadian Class I railway incorporated in 1881. The railway is owned by Canadian Pacific Railway Limited, which began operations as legal owner in a corporate restructuring in 2001. Headquartered in Calgary, Alberta, the railway owns approximately of track in seven provinces of Canada and into the United States, stretching from Montreal to Vancouver, and as far north as Edmonton. Its rail network also serves Minneapolis–St. Paul, Milwaukee, Detroit, Chicago, and Albany, New York, in the United States. The railway was first built between eastern Canada and British Columbia between 1881 and 1885 (connecting with Ottawa Valley and Georgian Bay area lines built earlier), fulfilling a commitment extended to British Columbia when it entered Confederation in 1871; the CPR was Canada's first transcontinental railway. ...
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