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NBM Railways is a holding company controlled by the J.D. Irving group of New Brunswick. [1]Its operations include the New Brunswick Southern Railway (NBSR) and Eastern Maine Railway (EMRY), a pair of short line railways which operate on a former Canadian Pacific mainline segment between Brownville, Maine and Saint John, New Brunswick.
NBSR was established as a corporate entity in November 1994 by J. D. Irving Ltd. to purchase 131.7 miles of physical railway assets of the Canadian Pacific Railway within the province of New Brunswick; these being the 84.4 mile McAdam Subdivision, the 5.6 mile section of the Mattawamkeag Subdivision within Canada, as well as the West Saint John Spur, Milltown Spur, and the St. Stephen Subdivision.
The Maine Northern Railway Company Limited (reporting mark MNRY) is a 258 mi (415 km) U.S. and Canadian short line railroad owned by the New Brunswick Railway Company, a holding company that is part of "Irving Transportation Services", a division within the industrial conglomerate J.D. Irving Limited.
In 1881, the New Brunswick Land and Railway Company changed its name to the New Brunswick Railway Company. That same year the 3 ft 6 in ( 1,067 mm ) narrow gauge lines from South Devon to Edmundston as well as the line from Aroostook to Caribou were converted to 4 ft 8 + 1 ⁄ 2 in ( 1,435 mm ).
The Irving Group of Companies is an informal name given to those companies owned and controlled by the Irving family of New Brunswick—descendants of Canadian industrialist K.C. Irving: his sons James K. (1928–2024), Arthur (1930–2024), and John (1932–2010), and their respective children.
Vermont Railway owns 2 units numbered 431 and 432. Norfolk Southern ordered 130 SD70M-2s, of which 46 remained in service as of July 2023 with 2 units rebuilt with AC traction. [16] [17] [18] Currently, NBM Railways owns 13 SD70M-2, former NS units
It owed $27.5 million on a 2005 Federal Railroad Administration loan, $6 million on a 2009 line of credit issued by the Wheeling and Lake Erie Railway and $3.5 million to various other creditors and tax authorities. [66] J.D. Irving, as owner of NBM Railways, is one of MMA Canada's largest unsecured creditors at $2.35 million. [67]
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