25 Apr 2025
🚂Marquette Rail's Lease Exemption with CSX Transportation Explained
Marquette Rail, LLC-Lease and Operation Exemption Including Interchange Commitment-CSX Transportation, Inc.
Summary
Marquette Rail, LLC has filed a verified notice for a lease and operation exemption from CSX Transportation, affecting several rail segments in Michigan. The notice details an agreement to extend the lease term with operational continuity and an interchange commitment, while emphasizing compliance with federal revenue thresholds and labor notification requirements.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
The content discusses Marquette Rail, LLC's lease extension and operations, impacting Class III rail carriers and associated revenue implications. It highlights labor compliance requirements and the possibility of petitions affecting the exemption. This is significant for business owners in the rail industry.