RailWorld’s subsidiary, the Montreal, Maine & Atlantic Railway, LLC (MMAR), successor to the Bangor and Aroostook Railroad Company, engaged RLBA to review its business plan, comprised of four major elements: traffic and revenue analysis, engineering assessment, operations and cost analysis, and financial analysis. RLBA professionals visited the railroad to obtain information on the infrastructure, prospective traffic and revenues. Field work was supplemented by telephone interviews with previous and potential customers to ascertain adequacy of service and future prospects, and to provide a basis for revenue generation estimates. RLBA used its proprietary track maintenance template, as well as information gained on current and prospective traffic volumes, and local cost of labor and maintenance materials, in estimating maintenance-of-way costs. Necessary expenditures to cure any deferred maintenance were evaluated, also current track condition. Utilizing descriptions of the railroad’s operating plans, and other data supplied by the railroad, RLBA examined costs, and then evaluated the carrier’s financial prospects.

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