Société des chemins de fer du Québec

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The Société des chemins de fer du Québec (SCFQ), or Quebec Railway Corporation (reporting mark QRC) in English, is a former Canadian railway holding company that owned several short line railways in the provinces of Quebec, Ontario, New Brunswick and Nova Scotia.

The company was formed in 1993 by Groupe Jean Fournier Incorporated and a group of private investors.

Former subsidiaries[edit]

From 1993-2009, Quebec Railway Corporation purchased and operated several rail lines throughout eastern Canada.

2008 divestment[edit]

On 3 November 2008 CN announced that it was purchasing the New Brunswick East Coast Railway (NBEC) and its sister companies Chemin de fer de la Matapédia et du Golfe (CFMG), Compagnie de gestion de Matane (COGEMA), and the Ottawa Central Railway (OCRR) for $49.8 million (CAD) from the Quebec Railway Corporation.[3]

CN said that it planned to change little in the operations of the acquired lines, although the railroad said it intended to invest capital to upgrade the track it acquired, as well as replacing the locomotives with newer motive power.[3]

On the same date, Logistec Corporation announced that it was purchasing the Sydney Coal Railway (SCR) from the Quebec Railway Corporation.[4][5]

References[edit]

  1. ^ "Charlevoix touring train: Track rehabilitation begins". Le Massif. 8 October 2009. Retrieved 10 August 2010. 
  2. ^ "Chemin de fer Baie des Chaleurs (CBC)". Canadian National Railway. Retrieved 9 August 2010. 
  3. ^ a b "CN acquires three rail subsidiaries and ferry operation of Quebec Railway Corp. (QRC) for C$49.8 million". Canadian National Railway. 3 November 2008. Retrieved 9 August 2010. 
  4. ^ Ayers, Tom (November 3, 2008). "Logistec buys Sydney Coal Railway". Cape Breton Post. Retrieved November 16, 2008. 
  5. ^ "Logistec Corporation Acquires Sydney Coal Railway Inc.". TMC.net. November 3, 2008. Retrieved November 16, 2008.