Search Results for keywords:"rail line lease"

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Search Results: keywords:"rail line lease"

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  • 2020-29257 — Strasburg Rail Road Company-Continuance in Control Exemption-SRC Railway LLC
    Type:Notice
    Citation:86 FR 673
    Reading Time:about 2 minutes

    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.

    Simple Explanation

    Strasburg Rail Road Company wants permission to let a new company, SRC Railway LLC, use its train tracks for a short distance in Pennsylvania. Because these companies are small and related, they don't need to go through some usual approval steps unless someone asks to stop them by a certain date.

  • 2021-01891 — Paul Didelius-Continuance in Control Exemption-RYAL, LLC
    Type:Notice
    Citation:86 FR 7452
    Reading Time:about 2 minutes

    Paul Didelius, a noncarrier individual, has filed a notice to maintain control over RYAL, LLC once it becomes a Class III rail carrier. This is linked to a separate notice for RYAL to lease and operate a 26-mile rail line in Washington. Didelius confirms that none of the rail systems he controls connect physically and that they are all Class III carriers, which exempts the transaction from certain regulatory approvals. The public can file disputes or petitions related to this exemption, but it won't automatically stop the exemption from taking effect.

    Simple Explanation

    Paul wants to keep an eye on a small train company called RYAL, but some people are worried about what that means. He promises it won't mess up any bigger train plans, and people can say if they think it's a bad idea.

  • 2025-03630 — Farmrail System, Inc.-Continuance in Control Exemption-Land Rush Rail Corporation
    Type:Notice
    Citation:90 FR 11455
    Reading Time:about 2 minutes

    Farmrail System, Inc. has submitted a notice of exemption to continue controlling Land Rush Rail Corporation (LRRC) once LRRC becomes a Class III railroad. This relates to LRRC's plan to lease and operate a rail line owned by the Oklahoma Department of Transportation and Blackwell Industrial Authority. The line does not connect with Farmrail's other railroads, which exempts it from certain approval requirements. The transaction involves Class III carriers only, meaning employee labor protections typically required for larger transactions do not apply. If all information is accurate, the earliest the transaction may proceed is March 20, 2025.

    Simple Explanation

    Farmrail System, Inc. wants to help a new train company, called Land Rush Rail Corporation, get started by leasing some train tracks they don't already use. This way, they can run some trains on it without needing tons of paperwork, and they won’t have to worry about special rules for workers because it's a small train job.

  • 2021-02766 — RYAL, LLC-Modified Certificate of Public Convenience and Necessity
    Type:Notice
    Citation:86 FR 8983
    Reading Time:about 2 minutes

    RYAL, LLC, a noncarrier company owned by Paul Didelius, has filed for a modified certificate of public convenience and necessity to lease and operate a 26-mile rail line in Washington State. This line is owned by the Port of Royal Slope and was previously leased to WRL, LLC. The line was authorized for abandonment in 1980 but remained operational after being sold to the Port in 1982. There are no subsidies involved, and shippers will not face preconditions for service. RYAL has also provided proof of insurance coverage as part of its filing.

    Simple Explanation

    RYAL, LLC wants to use and manage a railway track in Washington State that another company used to control, and they have insurance to do this safely. The bad news is we don't know how much money this will cost or how it might affect the people and nature nearby.