[Federal Register Volume 75, Number 169 (Wednesday, September 1, 2010)]
[Notices]
[Pages 53734-53735]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-21805]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35403]
Patriot Rail, LLC, Patriot Rail Holdings LLC, and Patriot Rail
Corp.--Continuance in Control Exemption--Piedmont & Northern Railway,
Inc.
Patriot Rail, LLC (PRL) and its subsidiaries, Patriot Rail Holdings
LLC (PRH) and Patriot Rail Corp. (Patriot), have jointly filed a
verified notice of exemption to continue in control of Piedmont &
Northern Railway, Inc. (P&N), upon P&N's becoming a Class III rail
carrier.\1\
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\1\ PRL is a noncarrier limited liability company that owns not
less than 51% of the equity interests in PRH. PRH owns 100% of the
stock of Patriot. Patriot is a noncarrier holding company that owns
100% of the stock of six railroad subsidiaries and P&N.
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This transaction is related to the verified notice of exemption
filed in Docket No. FD 35402, Piedmont & Northern Railway, Inc.--
Operation Exemption--North Carolina Department of Transportation, in
which P&N seeks an exemption under 49 CFR 1150.31 to operate over
approximately 13.04 miles of rail line owned by the North Carolina
Department of Transportation, between Mt. Holly (milepost SFC 11.39)
and Gastonia (milepost SFC 23.0), including the Belmont spur between
Mt. Holly (milepost SFC 13.6/SFF 0.13) and Belmont (milepost SFF 1.56),
in Gaston County, N.C.
The transaction is scheduled to be consummated on or after
September 11, 2010 (30 days after the notice of exemption was filed).
Patriot currently controls the following six Class III rail
carriers: Tennessee Southern Railroad Company, Rarus Railway Company,
Utah Central Railway Company, Sacramento Valley Railroad, Inc., The
Louisiana and North
[[Page 53735]]
West Railroad Company LLC, and Temple & Central Texas Railway, Inc.
The parties state that: (1) The rail line to be operated by P&N
does not connect with any other railroads in the corporate family; (2)
the transaction is not part of a series of anticipated transactions
that would connect this rail line with any other railroad in the
corporate family; and (3) the transaction does not involve a Class I
rail carrier. Therefore, the transaction is exempt from the prior
approval requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(2).
Under 49 U.S.C. 10502(g), the Board may not use its exemption
authority to relieve a rail carrier of its statutory obligation to
protect the interests of its employees. Section 11326(c), however, does
not provide for labor protection for transactions under sections 11324
and 11325 that involve only Class III rail carriers. Accordingly, the
Board may not impose labor protective conditions here, because all of
the carriers involved are Class III carriers.
If the verified notice contains false or misleading information,
the exemption is void ab initio. Petitions to revoke the exemption
under 49 U.S.C. 10502(d) may be filed at any time. The filing of a
petition to revoke will not automatically stay the effectiveness of the
exemption. Petitions for stay must be filed no later than September 3,
2010 (at least 7 days before the exemption becomes effective).
An original and 10 copies of all pleadings, referring to Docket No.
FD 35403, must be filed with the Surface Transportation Board, 395 E
Street, SW., Washington, DC 20423-0001. In addition, one copy of each
pleading must be served on Louis E. Gitomer, 600 Baltimore Ave., Suite
301, Towson, MD 21204.
Board decisions and notices are available on our Web site at http://www.stb.dot.gov.
Decided: August 26, 2010.
By the Board.
Rachel D. Campbell,
Director, Office of Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2010-21805 Filed 8-31-10; 8:45 am]
BILLING CODE 4915-01-P