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Re: TROUBLE @ DesignLine, suspends operations for 10 days & furloughing workers

Posted by RailBus63 on Sun Aug 4 11:26:21 2013, in response to Re: TROUBLE @ DesignLine, suspends operations for 10 days & furloughing workers, posted by Gold_12th on Fri Aug 2 13:34:45 2013.

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MCI did, Chapter 11 bankruptcy

Nothing to do with NJ Transit, though. The bankruptcy was due to 1. a drop in private-operator sales when the economy tanked in 2008, and 2. currency conversion issues when the Canadian dollar appreciated relative to the U.S. dollar, causing MCI to lose over $30 million.

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