🚍Traxx America Inc. Acquires Beeline Tours Ltd.
On May 21, 2025, TRAXX America Inc. (TAI or the Applicant), a motor passenger carrier, filed an application for approval to acquire all or substantially all of the operating assets of Beeline Tours Ltd. (BTL), also a motor passenger carrier. The Board is tentatively approving and authorizing the transaction subject to Willard Yuill (Yuill) filing to join the application. If Yuill's filing is satisfactory and no opposing comments are timely filed, this notice will be the final Board action.
Learn More🚂Jaguar's Acquisition Exemption for Columbia Basin Railroad
The Surface Transportation Board has approved an exemption for Jaguar's acquisition of Columbia Basin Railroad Company. This transaction, involving noncarrier entities, aims to consolidate control over existing Class III railroads, enhancing operational efficiency and investment without labor protection stipulations for the employees in this sector.
Learn More🏦Change in Bank Control Notices by Federal Reserve
The Federal Reserve System issued a notice regarding applications under the Change in Bank Control Act for acquiring shares of banks or bank holding companies. It emphasizes public participation and compliance standards necessary for such acquisitions, providing insights into regulatory procedures and stakeholder engagement.
Learn More🏦Notice on Acquisitions and Mergers of Bank Holding Companies
The Federal Reserve System has announced applications for the formation, acquisition, and merger of bank holding companies under the Bank Holding Company Act. Interested parties are invited to comment on these applications, which are available for public inspection. Specific details on the applications and comment submission guidelines are outlined, highlighting the regulatory framework governing these financial activities.
Learn More🚫Prohibition of Suirui International’s Acquisition of Jupiter Systems
The Executive Order prohibits Suirui International Co., Limited's acquisition of Jupiter Systems, citing national security concerns. It mandates divestment of assets, including intellectual property, while enforcing stringent compliance measures. The order highlights the U.S. government's authority to regulate foreign investments that may threaten national security, necessitating close oversight of business transactions.
Learn More🚂Norfolk Southern's Control Acquisition of Railway Under Regulatory Review
The Surface Transportation Board (Board) is accepting for consideration the application filed on June 13, 2025, by Norfolk Southern Corporation (NSC) and Norfolk Southern Railway Company (NSR) (collectively, NS or Applicants). Applicants seek the Board's authorization of their acquisition of control of Norfolk & Portsmouth Belt Line Railroad Company (NPBL), a Class III rail carrier operating in Norfolk, Portsmouth, and Chesapeake, Va. This proposal is referred to as the Transaction. The Board finds that the application is complete. The Board, therefore, accepts the application and adopts a procedural schedule for its consideration.
Learn More🏦Change in Bank Control Notices
The Federal Reserve announces new applications under the Change in Bank Control Act related to acquisitions of shares in banks and bank holding companies. It outlines the public comment process, inspection of applications, and disclosure of comments, emphasizing transparency in the regulatory framework. Interested parties can submit their views and obtain application details from respective Federal Reserve Banks.
Learn More🚫Regulatory Order on Nippon Steel's Acquisition of U.S. Steel
The document addresses the proposed acquisition of United States Steel Corporation by Nippon Steel Corporation, emphasizing national security concerns. It details the review process by the Committee on Foreign Investment in the U.S. (CFIUS) and outlines the necessary actions and agreements to mitigate risks associated with the transaction.
Learn More🚍Analysis of Van Pool Transportation Regulatory Approval
On May 16, 2025, Van Pool Transportation LLC (Van Pool) and AG Van Pool Holdings, LP (AG Holdings) (collectively, Applicants), both noncarriers, filed an application to acquire control of an interstate passenger motor carrier, Bill's Taxi Service Inc. d/b/a A&A Metro Transportation (A&A), from its shareholders, Thomas Arrighi, Michael Arrighi, and Gaile Arrighi (collectively, Sellers). In addition to this proposed transaction, Applicants also seek after-the-fact control authority for the following Van Pool subsidiaries: Dell Transportation Corp. (Dell), Hendrickson Bus Corporation (Hendrickson), Huntington Coach Corporation (Huntington Corp.), Huntington Coach, L.L.C. (Huntington LLC), Towne Bus Corp. (Towne Corp.), Towne Bus LLC (Towne LLC), Van Trans LLC (Van Trans), WE Transport (NY) LLC (WE NY), WE Transport LLC (Connecticut) (WE CT), and WE Transport, Inc. (WE Transport) (collectively, the ATF Subsidiaries). The Board is tentatively approving and authorizing the control of A&A as well as the ATF Subsidiaries. If no opposing comments are timely filed, this notice will be the final Board action.
Learn More🛡️DoD Notice on Cyber Incident Reporting Regulations for Businesses
In compliance with the Paperwork Reduction Act of 1995, DoD announces the proposed extension of a public information collection requirement and seeks public comment on the provisions thereof. DoD invites comments on: whether the proposed collection of information is necessary for the proper performance of the functions of DoD, including whether the information will have practical utility; the accuracy of DoD's estimate of the burden of the proposed information collection; ways to enhance the quality, utility, and clarity of the information to be collected; and ways to minimize the burden of the information collection on respondents, including the use of automated collection techniques or other forms of information technology. The Office of Management and Budget (OMB) has approved this information collection for use through October 31, 2025. DoD proposes that OMB approve an extension of the information collection requirement, to expire three years after the approval date.
Learn More