🚂Central New York Railroad Corporation Lease and Operation Exemption
Central New York Railroad Corporation-Amended Lease and Operation Exemption Containing Interchange Commitment-Norfolk Southern Railway Company
Summary
The Surface Transportation Board announced an exemption allowing Central New York Railroad Corporation to continue leasing and operating rail lines from Norfolk Southern Railway. The notice details the history of the lease, proposed amendments, and the terms surrounding an existing interchange commitment, ensuring ongoing rail services in New York and Pennsylvania.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
The regulatory notice details an amended lease agreement that may affect business operations for Central New York Railroad Corporation. The extension of the lease and the stipulation regarding interchange commitments could impact logistics, infrastructure costs, and compliance dynamics for businesses relying on these rail services. Additionally, the certification of projected revenues under $5 million indicates that CNY will not exceed the threshold for higher regulatory scrutiny, which may influence operational security.