Search Results for keywords:"corporate structure"

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Search Results: keywords:"corporate structure"

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  • 2021-03417 — Armstrong Hospitality Group, Ltd., Invictus Maneo Ltd., Oceaneer Investments Ltd., No. 245 Dynamic Endeavors Inc., The PRBA Alter Ego Trust, and Peter R.B. Armstrong-Continuancein Control-American Rocky Mountaineer LLC
    Type:Notice
    Citation:86 FR 10389
    Reading Time:about 2 minutes

    Armstrong Hospitality Group and related companies, known collectively as Armstrong Group, filed a notice to gain control over American Rocky Mountaineer LLC when it becomes a rail carrier. American Rocky Mountaineer is seeking an exemption to run passenger rail services between Moab, Utah, and Denver, Colorado, on Union Pacific lines. The Surface Transportation Board has set March 5, 2021, as the effective date for the exemption. This transaction doesn't involve any Class I carriers, and Armstrong Group assures there will be no rail line connections with Great Canadian Railtour, which it also owns.

    Simple Explanation

    The Armstrong Group wants to take charge of a company that plans to run a new train ride between Utah and Colorado, and they’ve got the green light to start on March 5, 2021, but they promise not to mix it up with their other train company in Canada.

  • 2024-29401 — MSE Holding Company-Intra-Corporate Family Control Exemption-Mississippi Export Railroad Company and Alabama Export Railroad, Inc.
    Type:Notice
    Citation:89 FR 101087
    Reading Time:about 2 minutes

    MSE Holding Company has filed a notice to the Surface Transportation Board seeking permission for a family restructuring that involves controlling two rail carriers, Mississippi Export Railroad Company and Alabama Export Railroad, Inc. These changes will make both companies sister subsidiaries of a newly formed noncarrier holding company, MSE Holding. The reorganization, set to take effect on December 27, 2024, aims to simplify the corporate structure without impacting service levels or competition. The transaction is exempt from certain regulatory approvals, and as these are Class III carriers, no labor protections will be applied.

    Simple Explanation

    MSE Holding Company wants to put two train companies under a new umbrella company to keep things simple, and they've told the train rules office about this change. It's all set to happen soon and won't mess with how the trains run or playtime for others.