Search Results for keywords:"Blackwell Industrial Authority"

Farmrail System, Inc. has submitted a notice of exemption to continue controlling Land Rush Rail Corporation (LRRC) once LRRC becomes a Class III railroad. This relates to LRRC's plan to lease and operate a rail line owned by the Oklahoma Department of Transportation and Blackwell Industrial Authority. The line does not connect with Farmrail's other railroads, which exempts it from certain approval requirements. The transaction involves Class III carriers only, meaning employee labor protections typically required for larger transactions do not apply. If all information is accurate, the earliest the transaction may proceed is March 20, 2025.

Land Rush Rail Corporation (LRRC), a non-carrier company, filed for an exemption to lease and operate a 37.26-mile rail line in Kansas and Oklahoma, previously under Blackwell Northern Gateway Railroad's control. This transition follows a Federal Railroad Administration emergency order that stopped BNGR's operations, granting a temporary license to Chicago, Rock Island & Pacific Railroad to manage the line. LRRC's annual revenue from this transaction is projected not to exceed $5 million, and the transaction may proceed on or after March 20, 2025, unless revoked. The exemption is categorized as environmentally and historically negligible, exempting it from broader regulatory reviews.