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SRC Railway LLC, a noncarrier company, has announced its plan to lease and operate a 4.25-mile stretch of rail line called the Strasburg Line in Lancaster County, Pennsylvania, from the Strasburg Rail Road Company. This action is part of a related notice that allows SRC to continue to control SRC Railway LLC once it starts functioning as a Class III rail carrier. The company assures that its annual revenue from this operation will not exceed $5 million, keeping it from advancing to a Class I or II rail carrier status. Any challenges to this lease exemption must be submitted by January 12, 2021, with the exemption's effective date being January 20, 2021.

Strasburg Rail Road Company (SRC), a Class III rail carrier, has filed a notice seeking an exemption to maintain control over a new entity, SRC Railway LLC, as it becomes a rail carrier. Railway LLC plans to lease and operate a 4.25-mile rail line in Lancaster County, Pennsylvania, owned by SRC. This transaction is exempt from certain approval requirements because it involves only Class III carriers, and there is no connection outside the corporate family. The exemption could take effect as soon as January 20, 2021, unless any petitions to revoke it are filed by January 12, 2021.