American Services Rail, LLC (ASR), a noncarrier, has submitted a notice to lease and operate a small rail line in Mississippi currently operated by Chicago, Rock Island & Pacific Railroad, LLC (CRIP). The arrangement allows ASR to function as a common carrier on a specific section and as a contract carrier on additional tracks. ASR affirms that no interchange commitments are involved and that the transaction will not lead to it becoming a larger rail carrier. The transaction is set to take effect on April 9, 2025, with legal precautions in place if any misleading information is found.
Simple Explanation
American Services Rail, LLC wants to use a train track in Mississippi that another company is using, and they're telling everyone that it's okay because they're following the rules. They promise not to become a big train company and will start this change on April 9, 2025, unless something tricky comes up.