Revitalizing New Brunswick’s Rail Sector — December 30, 2013

Executive Summary

This report examines the issues that currently threaten large segments of New Brunswick’s rail sector. In particular, three critical challenges arose in swift succession during 2012. They are:

  • CN’s announcement of the pending abandonment of 139 miles of the Newcastle Subdivision, the route of VIA’s Ocean, between Moncton and Belledune;
  • VIA Rail Canada’s reduction in the frequency of the Montreal-Moncton-Halifax Ocean from six times weekly to three, effective October 2012; and
  • The bankruptcy of the Moncton rail equipment remanufacturing firm, Industrial Rail Services, Inc., as a result of the cancellation of three VIA contracts totalling $117.3 million.

Read the full report.