🚂California Northern Railroad's Lease Amendment with Union Pacific
California Northern Railroad Company-Lease and Operation Exemption Including Interchange Commitment-Union Pacific Railroad Company
Summary
The California Northern Railroad Company has filed a verified notice of exemption for a lease amendment involving multiple rail lines, extending the operational term and altering commercial conditions. The amendment includes an existing interchange commitment, affecting operations with other carriers, while regulatory compliance is emphasized for revenue thresholds and employee notifications.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
The text outlines a lease amendment between California Northern Railroad Company and Union Pacific, which has significant financial implications for CFNR, especially regarding compliance with regulations tied to interchange commitments and revenue thresholds. The requirement for labor notice and potential waiver requests also affect operational planning.