Search Results for keywords:"acquisition"

On January 22, 2025, Jefferson Partners, L.P., which operates as Jefferson Lines, applied to acquire the assets of Karst Stage, Inc., another passenger bus company. The Surface Transportation Board is tentatively approving this move, allowing Jefferson to continue its operations under a new company, Karst Stage, LLC, while maintaining separate identities but sharing management tasks. The approval is contingent on no opposing comments being filed by April 28, 2025. Jefferson argues this transaction will improve service and efficiency without harming competition or employee interests.

Avalon Motor Coaches, LLC, along with its affiliates, is planning to acquire most of the assets and contracts of Rose Chauffeured Transportation, Inc. The Surface Transportation Board has tentatively approved this transaction, stating it aligns with the public interest. Comments on the deal are invited until February 24, 2025; if none are received, the approval will become final on February 25, 2025. Avalon plans to maintain the current workforce of Rose and aims to improve service efficiency by integrating Rose's services with its own.

The Surface Transportation Board has tentatively approved the acquisition of Echo Windy City, LLC, an interstate motor passenger carrier, by TBL Group, Inc., a company that owns several similar carriers. This acquisition will allow Echo Windy to expand its services to include interstate passenger transportation. If no opposing comments are submitted by April 7, 2025, the approval will become final on April 8, 2025. The Board determined that the transaction would benefit the public interest without adversely affecting competition or employees.

TBL Group, Inc., a holding company that manages several interstate motor passenger carriers, has requested the Surface Transportation Board's approval to acquire Reston Limousine & Travel Service, Inc. The Board is tentatively approving this acquisition, which will become final if no comments are filed by March 31, 2025. The transaction is expected to enhance transportation services by improving operational efficiencies and increasing capacity, without significantly affecting employees or the level of service to the public. If finalized, Reston will continue its operations under its current name.

Santa Maria Valley Railroad, LLC (SMVR), which is not currently a rail carrier, plans to acquire and operate two rail lines in Santa Barbara County, California. They intend to: (1) buy a line from Coast Belle Rail, LLC, and (2) take over the operation of another line leased from Union Pacific Railroad Company. This change means that SMVR will take over from Coast Belle as the common carrier, but their revenues are expected to remain under $5 million. The transaction is anticipated to start on or after April 12, 2025, and is exempt from certain environmental and historic preservation reviews.