The California Northern Railroad Company (CFNR) has submitted a notice of exemption to the Surface Transportation Board to extend and amend its lease with Union Pacific Railroad Company. This exemption applies to several rail lines totaling around 183 miles and ensures that CFNR will continue operating these lines. The lease amendment includes changes like extending the term and adding details about interchange commitments, which affect how they work with other carriers. CFNR has requested a waiver to speed up the approval process, and the Board will decide on this separately.
Simple Explanation
The California Northern Railroad wants to keep using some train tracks they borrow from another company for a longer time and change a few rules about how they share the tracks with other train companies. They're asking for permission to do this quickly so they can start sooner.