The Chicago, Missouri & Western Railway Co....
The Chicago, Missouri & Western Railway Co. has filed for federal bankruptcy court protection, citing a burdensome debt despite recent improvement in operations. There will be no disruption of service while the railroad awaits court appointment of a trustee to oversee operations and determine the company’s best course, said Dave Barr, acting chief executive of Venango River Corp., the CM&W;’s Chicago-based holding company. The CM&W; listed debts of $131.8 million and assets of $103.5 million.
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