Maine Northern Railway
The Maine Northern Railway Company Limited  is a  U.S. and Canadian short line railroad owned by the New Brunswick Railway Company, a holding company that is part of "Irving Transportation Services", a division within the industrial conglomerate J.D. Irving Limited. MNRY operates over tracks that were originally built for the Bangor & Aroostook Railroad  but were most recently owned and operated by the Montreal, Maine & Atlantic Railway . Approximately  of MNRY's route is owned by the government of the state of Maine while the remaining  is owned by MNRY outright, including the tracks in Canada. MNRY has two sister companies, the New Brunswick Southern Railway  and Eastern Maine Railway  which operate a continuous  main line connecting Saint John, New Brunswick with Brownville Junction, Maine in addition to another  of branch lines owned and operated by NBSR in Canada. History
In early February 2010, the Montreal, Maine & Atlantic Railway filed a "notice of intent" with the Surface Transportation Board (STB) that it intended to abandon  of track in northern Maine, between Madawaska and Millinocket, part of the original Bangor & Aroostook Railroad's mainline, which had been bought by the MMA in 2003. Affected lines were located in Penobscot and Aroostook counties and included track serving Houlton, Presque Isle, Caribou and Fort Kent. MMA lines between Millinocket and Brownville Junction, Brownville Junction and St-Jean-sur-Richelieu, Brownville Junction and Searsport, and Madawaska to Van Buren were not included in this application. According to the MMA, losses from operating the lines between Millinocket and Madawaska had reached the point where they were threatening the financial health of the entire railroad. The STB subsequently postponed action on the request in late April, after the railroad and officials with the state of Maine agreed to negotiate to prevent the lines from being abandoned, which the state said could negatively affect the economy of the area. State legislators proposed that the state buy the lines and contract out freight rail service, similar to lines in Vermont and southern Maine. On October 20, 2010, the railroad reached an agreement to sell  of track in the northern part of Maine to the state government for $20.1 million. The state would then contract operations on the lines to bidders when the deal was closed. The US government also issued $10.5 million in funds to upgrade and maintain the line. Part of this agreement saw the state of Maine being granted trackage rights over the MMA's remaining tracks between Brownville Junction, Maine and the state-owned tracks beginning near Millinocket, Maine which would be used by any successful contracting rail operator. On 17 December 2010, it was announced that the state was accepting bids for the operation of trackage the state was due to purchase, with the deadline for proposals being 19 January 2011. On 28 December 2010, the STB announced it had approved the abandonment of the tracks in question, allowing the state to purchase them. Here is actual lease between MDOT and Irving  https://docs.google.com/file/d/0Bw0jCpuVRzgEODlEelFJWDRzdFE/edit?usp=sharing 

On 5 April 2011, it was announced that "Irving Transportation Services", a subsidiary of Canadian-based industrial conglomerate J.D. Irving Ltd. had been awarded the contract to operate the lines in question. "Irving Transportation Services" formed the MNRY on May 24, 2011 in Delaware and began operations June 15, 2011. In addition to interchanging with MMA at Millinocket, MNRY makes use of the state of Maine's trackage rights between Millinocket and Brownville Junction where it is able to connect with sister company Eastern Maine Railway  and thus to Pan Am Railways  at Mattawamkeag, Maine. In December 2011, the MMA and "Irving Transportation Services" reached an agreement for the MMA to sell the remaining  of track between Madawaska, Maine and Van Buren, Maine, MMA's last track in northern Maine, thus ensuring continuous service by the MNRY from Millinocket to Van Buren. At Van Buren, the MNRY owns a railway bridge over the Saint John River that allows MRNY to interchange directly with Canadian National Railway  in St. Leonard, New Brunswick. This bridge and associated interchange trackage in New Brunswick had long been a Bangor and Aroostook Railroad  and later MMA subsidiary known as Van Buren Bridge Company. Route
MNRY operates the following railway lines owned by the state of Maine:

  A portion of the Madawaska Subdivision, consisting of approximately  of line between milepost 109 near Millinocket, Maine in Penobscot County and milepost 260 near Madawaska, Maine in Aroostook County. The Presque Isle Subdivision, consisting of approximately  of line between milepost 0.0 near Squa Pan, Maine and milepost 25.3 near Presque Isle, Maine in Aroostook County. The Fort Fairfield Subdivision, consisting of approximately  of line between milepost 0.0 near Presque Isle, Maine and milepost 10.0 near Easton, Maine in Aroostook County. The Limestone Subdivision, consisting of approximately  of line between milepost 0.0 near Presque Isle, Maine and milepost 29.85 near Limestone, Maine in Aroostook County. The Houlton Subdivision, consisting of approximately  of line between milepost 0.0 near Oakfield, Maine and milepost 17.27 near Houlton, Maine in Aroostook County, including the B Spur. MRNY owns and operates the following railway lines:

 The Van Buren Subdivision, consisting of approximately  of line running between Madawaska, Maine and Van Buren, Maine in Aroostook County, including the Van Buren - St. Leonard Railway Bridge and associated trackage in St. Leonard, New Brunswick. Interchange points

The MNRY interchanges at two locations:

 In the north, it interchanges with CN at St. Leonard, New Brunswick using an unnamed railway bridge over the Saint John River from Van Buren, Maine. In the south, it interchanges directly with Central Maine & Québec Railway at Millinocket, Maine and via trackage rights at Brownville Junction, Maine with CMQ and MNRY's sister company, the Eastern Maine Railway. Also in the south, it interchanges indirectly with Pan Am Railways at Mattawamkeag, Maine via EMRY. Operations
Today most locomotives hauling trains that operate over MNRY are owned and carry the reporting marks of NBSR, however, at least two locomotives has been painted with the reporting marks of MNRY. Some maintenance of way equipment will also likely be owned by MNRY. See also

New Brunswick Southern Railway - official website
New Brunswick Southern Railway - unofficial site

References

Irving Group of Companies
Maine railroads
New Brunswick railways
Millinocket, Maine
North Maine Woods
Transportation in Penobscot County, Maine