OmniTRAX Holdings Combined, Inc. and HGS Railway Holdings, Inc., together known as Omni-HGS, have filed a notice to continue controlling the Santa Maria Valley Railroad, LLC (SMVR), which will become a Class III rail carrier. This transaction is part of a plan where SMVR will acquire and operate certain railway lines in California, without connecting to other lines within Omni-HGS's ownership. The transaction is exempt from prior approval requirements because it involves only Class III carriers. Any petitions related to this notice must be submitted to the Surface Transportation Board, and the action is considered exempt from environmental and historical reporting requirements.
Simple Explanation
Omni-HGS wants to keep being in charge of a small train company called Santa Maria Valley Railroad, which will operate some train tracks in California. They don't need special permission because it's a simple train operation, and they don't have to do extra reports or studies about the environment for this change.