Search Results for keywords:"regulatory exemption"

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Search Results: keywords:"regulatory exemption"

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  • 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.

  • 2025-00068 — Carload Express, Inc.-Control Exemption-The Maryland and Delaware Railroad Company
    Type:Notice
    Citation:90 FR 1220
    Reading Time:about 8 minutes

    Carload Express, Inc., a holding company that manages several rail carriers, filed a petition seeking exemption from prior approval requirements to acquire control of The Maryland and Delaware Railroad Company (MDDE), a Class III rail carrier. The Surface Transportation Board has agreed to grant this exemption, concluding that detailed review is unnecessary and that the acquisition aligns with U.S. rail transportation policy by fostering effective management and reducing regulatory hurdles. The acquisition aims to maintain current service without affecting competition, as MDDE and Delmarva Central Railroad Company, both under Carload’s control, do not serve the same industries and MDDE's connection to the national rail network will remain unchanged. Carload is required to inform shippers along relevant lines about the Board's decision, with the exemption effective from January 31, 2025.

    Simple Explanation

    Imagine Carload Express is like a group that looks after different toy trains. They want to look after one more toy train called Maryland and Delaware. The board that checks if it's okay says it's fine because it won't change how the toys work together or who can play with them.

  • 2025-02790 — OPSEU Pension Plan Trust Fund, Jaguar Transport Holdings, LLC, and Jaguar Rail Holdings, LLC-Continuance in Control Exemption-Kansas City West Bottoms Railroad, LLC
    Type:Notice
    Citation:90 FR 9943
    Reading Time:about 3 minutes

    OPSEU Pension Plan Trust Fund, Jaguar Transport Holdings, LLC, and Jaguar Rail Holdings, LLC have applied for permission to continue overseeing Kansas City West Bottoms Railroad, LLC, once it starts operating as a Class III rail carrier. This exemption would allow Kansas City West Bottoms Railroad to take over a short stretch of rail line from its current operator, Union Pacific Railroad Company, without needing additional approvals. The transaction, which doesn’t involve connecting to other Jaguar-owned railroads or using a Class I carrier, is set to become effective on March 5, 2025. It's also noted that the action doesn't require an environmental or historic preservation review.

    Simple Explanation

    OPSEU Pension Plan, along with Jaguar Transport and Jaguar Rail, want to keep helping a little train company called Kansas City West Bottoms Railroad take care of a short train track without needing extra help from big train bosses. They say this change is safe for the environment and for old buildings, but some grown-ups have questions about money and fairness.