30 Apr 2025
🚂Willamette & Pacific Railroad Lease Amendment Notice
Willamette & Pacific Railroad, Inc.-Lease and Operation Exemption Including Interchange Commitment-Union Pacific Railroad Company
Summary
The Surface Transportation Board has received a notice regarding an amendment to the lease and operation of certain railroad lines by Willamette & Pacific Railroad, Inc. This amendment extends the lease term and includes commercial modifications while maintaining WPRR as the operator. Compliance with labor notice requirements due to projected revenues is also highlighted.
Agencies
- Surface Transportation Board
Business Impact
$$ - Med
The content indicates regulatory requirements for lease agreements in the railway sector, which can affect operational compliance and financial planning. The projected revenues exceeding $5 million necessitate labor notice requirements, potentially impacting employee relations and operational timelines.