Search Results for keywords:"interchange commitment"

Central New York Railroad Corporation (CNY) is a small railroad company that continues to lease and operate a rail line from Norfolk Southern Railway Company, covering about 123.1 miles between New York and Pennsylvania. This notice states that CNY plans to amend their lease to extend the term and adjust renewal conditions, while keeping all other original terms in place. CNY assures that the transaction will not make it a larger railroad and estimates their earnings won't go beyond $5 million a year. The Surface Transportation Board will allow this change to be effective from April 12, 2025, unless any misleading information is found or if objections are filed in time.

Kansas City West Bottoms Railroad, LLC (KCWB) is planning to lease and operate a section of railroad track from Union Pacific Railroad Company in the Kansas City area. The agreement will involve the State Line Yard Tracks and a portion of the KC Metro Big Mary Subdivision between two mileposts. This transaction is pending exemption approval and is part of a larger plan involving Jaguar companies, which intend to manage KCWB as a Class III rail carrier. The transaction is expected to be finalized after March 5, 2025, provided all legal requirements are met and any exemptions are not revoked.

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.

Arkansas Southern Railroad, L.L.C. (ARS) has filed for an exemption to extend and amend its lease agreements with The Kansas City Southern Railway Company (KCS) for two railroad lines. The amendments, agreed upon in July 2020, will extend the lease until November 30, 2034, and include a commitment related to train interchange. ARS confirms this transaction won't increase their annual revenues beyond $5 million or change their carrier classification. Petitions to challenge the exemption can be submitted, with the earliest transaction effective date being March 14, 2021.

Central Oregon & Pacific Railroad, Inc. (CORP) plans to lease and operate a section of railroad line from the Union Pacific Railroad Company, totaling about 27.58 miles in Oregon. This transaction is set to occur after February 8, 2025, following the required notice period and certification. CORP's expected annual revenues from this operation will exceed $5 million, necessitating advance notices to affected employees and labor unions. The agreement includes an interchange commitment, and interested parties can file petitions related to the exemption process.

San Joaquin Valley Railroad Co. (SJVR) has filed for an exemption to continue leasing and operating 101.5 miles of rail lines from Union Pacific Railroad Company. This lease, initially established in 1994 and most recently renewed in 2020, has been extended by a Lease Amendment signed in January 2025, allowing operations to continue for another five years. SJVR's notice also requests a waiver for a 60-day advance notice to labor unions, which will be decided separately. Moreover, SJVR confirms that its projected revenues will not exceed the limit set for a Class III carrier, despite current revenues being over $5 million.