Eastern Railroad Discussion > CMQ Sold

Heard through the grapevine that CMQ had been sold and possibly split up.  Anyone have any news? 

CMQ   ???

Ed Stewart
Jacksonville, FL

FloridaTrainGuy Wrote:
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> Heard through the grapevine that CMQ had been sold
> and possibly split up.  Anyone have any news? 

Which grapevine would this be?

It was published they wanted to shed the RR from their holdings. Wonder who got it.
https://www.trainorders.com/discussion/read.php?2,4877166



Edited 1 time(s). Last edit at 10/09/19 18:50 by SD45X.

Central Maine & Quebec, owned by Fortress Investments, said to be up for sale.



Edited 1 time(s). Last edit at 10/09/19 18:23 by CPR_4000.

Maybe G&W, the UP Borg of shortlines?

Victor A. Baird
http://www.erstwhilepublications.com

wabash2800 Wrote:
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> Maybe G&W, the UP Borg of shortlines?

That would make sense, they have pretty deep pockets. As to a "split up," maybe Vermont Rail System would get the Newport, VT to Brookport, QC section with trackage rights to Farnham?

If the network is broken up, one could see one of Irving's railroads acquiring the Farnham to Brownville segment to have single line to CP outside of Montreal.  Springfield Terminal could acquire the Searsport to Brownville line to connect with Irving lines and get around their out of service line between Bangor and Mattawamkeag.  VTR may want to extend north of Newport, however, they may be hesitant to running a railroad in Canada with French speaking crews and customs inspections to manage.  Probably a distant possibility, CP could also consider the entire main line to Saint John to get another port on the eastern seaboard but that would be dependant on arrangements to acquire or lease the Eastern Maine Railway and the New Brunswick Southern from Irving east of Brownville.     

I guess it would make sense for Irving to acquire it to Farnham or Montreal, but I'd be really surprised if CP wanted to take it back. They're only running Jobs 1 and 2 three times a week, aren't they? Or is it daily now?

CPR_4000 Wrote:
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> I guess it would make sense for Irving to acquire
> it to Farnham or Montreal, but I'd be really
> surprised if CP wanted to take it back. They're
> only running Jobs 1 and 2 three times a week,
> aren't they? Or is it daily now?

If I'm reading the local fans' Facebook page correctly, Jobs 1 and 2 normally run five days per week.

I agree, these shortlines/regionals exist because CP no longer cared to run to New Brunswick. I don't see how that would have changed.

As for Fortress selling the CMQ property, I had heard they were interested in doing so, but the "grapevine" does not mean to me that it has actually happened.
 



Edited 1 time(s). Last edit at 10/11/19 08:10 by toledopatch.

Toledos Wrote:
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> CPR_4000 Wrote:
> --------------------------------------------------

> I agree, these shortlines/regionals exist because
> CP no longer cared to run to New Brunswick. I
> don't see how that would have changed.
>

Well there is the major expansion of St. John's containerport that will change things quite a bit. 



Edited 1 time(s). Last edit at 10/11/19 08:30 by FloridaTrainGuy.

FloridaTrainGuy Wrote:
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> Toledos Wrote:
> --------------------------------------------------
> Well there is the major expansion of St. John's
> containerport that will change things quite a
> bit. 
That might be incentive for CP to re-consider their position regarding their former lines to the Maritimes.