6 Mar 2025
🚂Land Rush Rail Corporation's Lease and Operation Exemption in Oklahoma
Land Rush Rail Corporation-Lease and Operation Exemption-Oklahoma Department of Transportation and Blackwell Industrial Authority
Summary
The Surface Transportation Board has granted Land Rush Rail Corporation an exemption to lease and operate a rail line in Oklahoma. This comes after previous operator Blackwell Northern Gateway Railroad's prohibition on continuing operations due to federal orders. The agreement is significant for local transport and economic development, with projected revenues ensuring regulatory compliance.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
The document outlines a lease and operation exemption for Land Rush Rail Corporation, affecting rail transport in Oklahoma, which has implications for local businesses relying on this infrastructure. It includes compliance with Federal Railroad Administration orders, influencing operational capabilities and economic activities.