By David Sharp - The Associated Press
PORTLAND, Maine - The company that bought the assets of a railroad responsible for a fiery derailment killed 47 people in Canada says it's rebuilding the business.
Central Maine and Quebec Railway spent $10 million on track improvements over the summer to increase train speeds that had been lowered to 10 mph in some places because of deferred maintenance. Chief Operating Officer Ryan Ratledge says business is growing and he's optimistic about the coming year.
Central Maine completed its purchase of the assets of Maine-based Montreal, Maine and Atlantic Railway in May.
Ratledge says railroad has nearly doubled its business since June. The company has agreed not resume crude oil shipments before 2016, but it began shipping propane fuel last month.
