9 May 2025
🚂Portland & Western Railroad Acquisition and Operation Exemption
Portland & Western Railroad, Inc.-Acquisition and Operation Exemption-Port of Tillamook Bay
Summary
The Surface Transportation Board has approved Portland & Western Railroad, Inc.'s exemption to acquire and operate 1.01 miles of rail line near Banks, Oregon. The transaction involves a purchase agreement with the Port of Tillamook Bay and indicates no current customers or operating employees on the line. Regulatory compliance and labor notice requirements are also addressed.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
This document outlines the acquisition and operation of a rail line by PNWR, involving regulatory compliance and potential implications on revenue reporting and labor relations. PNWR's waiver request for labor notice highlights risks associated with compliance and potential labor disputes.