Search Results for keywords:"Class III railroad"

Found 3 results

Search Results: keywords:"Class III railroad"

💰 Only
Oldest Newest
  • 2025-03630 — Farmrail System, Inc.-Continuance in Control Exemption-Land Rush Rail Corporation
    Type:Notice
    Citation:90 FR 11455
    Reading Time:about 2 minutes

    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.

    Simple Explanation

    Farmrail System, Inc. wants to help a new train company, called Land Rush Rail Corporation, get started by leasing some train tracks they don't already use. This way, they can run some trains on it without needing tons of paperwork, and they won’t have to worry about special rules for workers because it's a small train job.

  • 2021-00773 — Dakota Northern Railroad, Inc.-Lease and Operation Exemption-Rail Lines of BNSF Railway Company
    💰
    Type:Notice
    Citation:86 FR 4170
    Reading Time:about a minute or two

    Dakota Northern Railroad, Inc. (DN), a small Class III railroad, plans to lease and operate two rail lines from BNSF Railway Company in North Dakota. The rail lines extend 59.84 miles near Grafton, Walhalla, and St. Thomas, ND. DN is continuing an existing lease and expects to finalize the new lease terms before the current one expires on January 31, 2021, without any interchange commitments. The Surface Transportation Board notes that the transaction may proceed from January 29, 2021, and it won't lead to DN becoming a larger Class I or II rail carrier.

    Simple Explanation

    Dakota Northern Railroad is planning to borrow some train tracks from a big company called BNSF to run their trains for a while near places called Grafton, Walhalla, and St. Thomas in North Dakota. They’ll start this new plan at the end of January, and it's okay because it won’t change them into a bigger train company or affect the environment in a big way.

  • 2024-30082 — Puerto Verde Industrial Railroad, LLC-Operation Exemption-Line in Maverick County, Tex.
    💰
    Type:Notice
    Citation:89 FR 103051
    Reading Time:about a minute or two

    Puerto Verde Industrial Railroad, LLC (PVIR), a noncarrier company, plans to operate a 2.43-mile private railroad track in Maverick County, Texas, on the site of a former coal mine. This site, owned by PVIR's affiliate, Farming Hydrasource, LLC, is being converted into an industrial park. Once operational, PVIR will provide carrier services like switching and transloading for local businesses. The railroad's annual revenue is projected to stay under $5 million, classifying it as a Class III rail carrier. The earliest start date for operations under this exemption is January 1, 2025, and certain regulatory reviews do not apply to this project.

    Simple Explanation

    Puerto Verde Industrial Railroad, LLC (PVIR) will soon be running a small train track in Texas to help move things for businesses in a new industrial park. They won't make more than $5 million a year from this, and some special rules they normally need to follow don't apply here.