Search Results for citation:"86 FR 4170"

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Search Results: citation:"86 FR 4170"

  • Type:Notice
    Citation:86 FR 4170
    Reading Time:about 2 minutes

    The Lake Providence Port Commission (LPPC), a non-carrier entity in Louisiana, applied to acquire a 20-mile rail line from Delta Southern Railroad. On December 11, 2020, the Board conditionally accepted the application despite missing financial details, requiring these by December 28, 2020. LPPC submitted the necessary information, including a lease agreement with North Louisiana & Arkansas Railroad, enabling the Board to proceed with a scheduling plan for reviewing the application and any competing interests. This decision was finalized to be effective immediately, with public notice to follow in the Federal Register.

    Simple Explanation

    The Lake Providence Port Commission wants to buy a train track from another company, and the government checked to make sure everything is okay. They needed to show how much money is involved and other details to move forward.

  • 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.