MSE Holding Company has filed a notice to the Surface Transportation Board seeking permission for a family restructuring that involves controlling two rail carriers, Mississippi Export Railroad Company and Alabama Export Railroad, Inc. These changes will make both companies sister subsidiaries of a newly formed noncarrier holding company, MSE Holding. The reorganization, set to take effect on December 27, 2024, aims to simplify the corporate structure without impacting service levels or competition. The transaction is exempt from certain regulatory approvals, and as these are Class III carriers, no labor protections will be applied.
Simple Explanation
MSE Holding Company wants to put two train companies under a new umbrella company to keep things simple, and they've told the train rules office about this change. It's all set to happen soon and won't mess with how the trains run or playtime for others.