Louisiana Southern Railroad, L.L.C. (LAS), a small rail company, has filed a notice to continue leasing and operating about 165.8 miles of rail lines from the Kansas City Southern Railway Company (KCS). The lease agreements have been in place since 2005 and were recently amended to extend until November 2034. LAS must meet certain conditions, such as informing employees and unions about the transaction, because their annual revenues exceed $5 million. However, LAS has requested a waiver for the 60-day advance notice requirement, which will be decided separately. The document mentions the possibility of legal challenges but notes that LA's operations are exempt from environmental and historic preservation reporting.
Simple Explanation
The Louisiana Southern Railroad wants to keep using a train track they’ve used since 2005, which belongs to another company, until 2034, but they need special permission to skip telling workers about it a little earlier. There are no big checks needed for nature or history rules, but it's not clear why.