Search Results for keywords:"exemption notice"

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Search Results: keywords:"exemption notice"

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  • 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.

  • 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.