🚂Port Harbor Railroad Operation Exemption Granted by STB
Port Harbor Railroad, Inc.-Lease and Operation Exemption-America's Central Port District
Summary
The Surface Transportation Board has issued a notice regarding Port Harbor Railroad's lease and operation exemption for a rail line within Madison County, Illinois. The exemption allows Port Harbor to continue its operations under a new lease without interchange commitments. The agreement, following prior extensions, indicates ongoing commercial changes and regulatory compliance.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
The document discusses a lease and operation exemption for Port Harbor Railroad, which impacts business operations in the rail sector, potentially facilitating increased commerce and operational flexibility for the involved entities. The new lease arrangement could influence financial forecasts, as stated revenue is projected not to exceed $5 million, marking regulatory compliance and economic activity.