Midcoast Railservice, Inc., a new subsidiary of New York-based Finger Lakes Railway, will assume the lease and operations of a 58.68-mile branch line in Maine from Central Maine & Quebec Railway US,
Intermodal’s growth path may help railroads sustain COVID-19 recovery. “Participants from Class I railroads were positive on current trends and cautiously optimistic that these trends can continue for the remainder of 2020 and beyond,” Cowen and Co. analysts Jason Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Adam Kramer reported, following their attendance and participation at the North East Association of Rail Shippers (NEARS) Fall 2020 Virtual Conference. “Continued tightness in trucking is benefiting intermodal.”
Canadian Pacific (CP) has completed its previously announced acquisition of the Central Maine & Quebec Railway US Inc. (CMQ US).
Canadian Pacific (CP) has reached an agreement with Fortress Transportation and Infrastructure Investors LLC (FTII) to acquire the Central Maine & Quebec Railway (CM&Q).