Marquette Rail, LLC (MQT), a Class III railroad, has submitted notice to the Surface Transportation Board about its plan to continue leasing and operating over 129 miles of rail line in Michigan from CSX Transportation, Inc. (CSXT). Originally leasing the line in 2005, MQT and CSXT have agreed on extending the lease terms with some commercial changes, including an interchange commitment. Despite exceeding $5 million in annual revenues, MQT seeks a waiver for the 60-day labor notice requirement typically needed before such transactions. This move is deemed to have no significant environmental or historic preservation impacts.
Simple Explanation
Marquette Rail wants to keep using train tracks in Michigan that they rent from another company and made some new rules about how they share these tracks; they've also asked to skip a rule about telling their workers in advance.