QUOTE: Originally posted by SP9033 Two pieces of bad news from the State of Jefferson... 1. Bill Killion (long-time volunteer on the Yreka Western) is reporting on the railroadnews.net discussion board that the YW is not likely to survive much longer. The railroad has been losing $10,000 a month since the Tunnel 13 fire on the Central Oregon & Pacific cost the railroad 60% of its freight business. In the 17 months since the fire the railroad has accumulated a debt load in excess of $1 million. The company passed into receivership back in December, and there was supposed to be a court hearing tomorrow (16 March) to appoint a permanent administrator. There is no money left in the till, and even if freight shipments resume it will be too little too late to save the YW. He states that the railroad will likely be liquidated to pay debts...soon... Timber Products (the only shipper of any substance left on the YW) has apparently stated that if the YW closes it may elect to close its Yreka plant and move it to Roseburg, OR, which would eliminate another 150 jobs from the county. 2. Notices of Intent to Abandon the entire line of the McCloud Railway have appeared in the legal sections of local papers this week. Entire railroad east of McCloud is up for abandonment, with common carrier service to be suspended on the McCloud-Mt Shasta City segment and the trackage retained for "industrial purposes". JD Moore Elko, NV
Living nearby to MP 186 of the UPRR Austin TX Sub
"We have met the enemy and he is us." Pogo Possum "We have met the anemone... and he is Russ." Bucky Katt "Prediction is very difficult, especially if it's about the future." Niels Bohr, Nobel laureate in physics
QUOTE: Originally posted by jeaton JD Bergie might see this, but you can also email such news to him for possible inclusion in the news wire. Sometimes he can get more information for a newswire posting. Jay
Originally posted by SP9033 Originally posted by jeaton JD Living nearby to MP 186 of the UPRR Austin TX Sub Reply Anonymous Member sinceApril 2003 305,205 posts Posted by Anonymous on Friday, March 25, 2005 12:04 AM Modoc Railroad Academy of Sacramento was looking at buying the McCloud Railway for it's new training facility, but passed on it chiefly because of the steep asking price. Reply Edit Join our Community! Our community is FREE to join. To participate you must either login or register for an account. Login » Register » Search the Community Newsletter Sign-Up By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our privacy policy More great sites from Kalmbach Media Terms Of Use | Privacy Policy | Copyright Policy
Originally posted by jeaton JD Living nearby to MP 186 of the UPRR Austin TX Sub Reply Anonymous Member sinceApril 2003 305,205 posts Posted by Anonymous on Friday, March 25, 2005 12:04 AM Modoc Railroad Academy of Sacramento was looking at buying the McCloud Railway for it's new training facility, but passed on it chiefly because of the steep asking price. Reply Edit Join our Community! Our community is FREE to join. To participate you must either login or register for an account. Login » Register » Search the Community Newsletter Sign-Up By signing up you may also receive occasional reader surveys and special offers from Trains magazine.Please view our privacy policy More great sites from Kalmbach Media Terms Of Use | Privacy Policy | Copyright Policy
Our community is FREE to join. To participate you must either login or register for an account.