MMA to cease operations in Canada

The Montreal Maine & Atlantic Railway’s operations in Canada have been halted.

CBC News reports that the Canadian Transportation Agency pulled the MMA’s certificate of fitness to conduct business in Canada.

The agency stated that the railway company doesn’t have a sufficient amount of third party liability insurance or to pay the self-imposed insurance.

These two measures are necessary for a railway company to conduct business in Canada.

The company’s ability to afford its insurance has come under fire after the massive debts it has incurred after the Lac-Megantic train disaster, which claimed 47 lives last July 6^th.

The company also filed for and was granted bankruptcy protection on August 8^th.

The order will be in effect as of August 20^th. It gives the MMA enough time to wrap up their business in Canada.