BNSF Railway Company, a major rail carrier, has filed for an exemption to acquire temporary rights to use two rail lines owned by Union Pacific Railroad Company in California. These rights allow BNSF to move trains with ballast materials between locations near Stockton and Keddie. The agreement is set to expire on December 31, 2021, and the transaction can begin after January 27, 2021. BNSF has ensured that its actions meet certain regulatory conditions and has filed a related petition about the temporary nature of these rights.
Simple Explanation
BNSF, a big train company, is asking to use Union Pacific's train tracks in California for a short time to carry materials between two places until the end of 2021. This request is a bit like borrowing a friend's toys for a while, and there are some grown-up rules they need to follow to make sure both are okay with it.