Search Results for keywords:"rail line acquisition"

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Search Results: keywords:"rail line acquisition"

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  • 2021-03377 — Sonoma-Marin Area Rail Transit District-Acquisition and Operation Exemption-North Coast Railroad Authority
    💰
    Type:Notice
    Citation:86 FR 10157
    Reading Time:about 2 minutes

    Sonoma-Marin Area Rail Transit District (SMART), a Class III rail carrier, has filed for an exemption to acquire and operate an 87.65-mile rail line from North Coast Railroad Authority (NCRA) in California. The transaction allows SMART to be the freight operator using a noncarrier contract operator and is expected to be completed on or after March 4, 2021. SMART assures that its annual revenues from the deal will not exceed $5 million and that there are no agreements limiting future connections with other carriers. This transaction is mostly exempt from environmental and historic preservation reviews.

    Simple Explanation

    SMART, a train company, wants to buy and run an 87.65-mile train track from another group in California called NCRA, and they promise their train business won't make more than $5 million a year. They also say that the deal mostly doesn't need to be checked for environmental or historic worries.

  • 2025-04051 — Mingus Mountain Railroad, LLC-Acquisition and Operation Exemption-Line of Clarkdale Arizona Central Railroad, L.C.
    💰
    Type:Notice
    Citation:90 FR 12200
    Reading Time:about 2 minutes

    Mingus Mountain Railroad, LLC (MMRL) has filed a notice to acquire and operate a 38.74-mile rail line from Clarkdale Arizona Central Railroad, L.C. (CACR) in Arizona. MMRL is not a carrier yet but plans to run regular train services and acquire additional trackage rights after this transaction, becoming a Class III rail carrier. They assure that their annual earnings will not exceed $5 million, preventing them from becoming a larger Class I or II carrier. The transaction could be finalized by March 30, 2025, unless issues arise with the details provided in the notice.

    Simple Explanation

    Mingus Mountain Railroad wants to buy and run a train track from another company in Arizona to offer train rides. They promise not to earn too much money to become a big train company, and they hope to finish the deal by the end of March 2025.

  • 2021-02846 — East Chicago Rail Terminal, LLC-Acquisition and Operation Exemption-Rail Line of Chrome, LLC at East Chicago, Ind.
    💰
    Type:Notice
    Citation:86 FR 9420
    Reading Time:about a minute or two

    East Chicago Rail Terminal, LLC (ECRT) is planning to acquire and operate a small section of railroad track from Chrome, LLC at East Chicago, Indiana. This track is 467 feet long and connects to the Indiana Harbor Belt Railroad. ECRT has agreed to this purchase and plans to use the track to provide common carrier rail service to Tri-Star DEF LLC without affecting any future agreements with other carriers. The acquisition is expected to be completed on or after February 26, 2021, and is exempt from environmental and historic reporting requirements.

    Simple Explanation

    East Chicago Rail Terminal, LLC is buying a tiny piece of train track in Indiana to help move goods for a company, and this deal is happening without needing to check on the environment or the train's history.

  • 2021-00885 — Lake Providence Port Commission-Feeder Line Application-Line of Delta Southern Railroad Located in East Carroll and Madison Parishes, La.
    💰
    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.