🚍TBL Group's Acquisition of Reston Limousine Approved by Board
TBL Group, Inc.-Acquisition of Control-Reston Limousine & Travel Service, Inc.
Summary
TBL Group, Inc. (TBL Group), a holding company that owns multiple interstate motor passenger carriers, has filed an application for Board approval of its acquisition of an additional federally regulated motor passenger carrier, Reston Limousine & Travel Service, Inc. (Reston). The Board is tentatively approving and authorizing the transaction. If no opposing comments are timely filed, this notice will be the final Board action.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
The tentative approval for TBL Group's acquisition of Reston Limousine & Travel Service, Inc. signifies significant regulatory compliance and potential financial implications for TBL, including increased fixed charges and operational efficiencies. The potential operational changes may affect employees and market competitiveness in the passenger transportation sector.