🚆Norfolk Southern's Acquisition
The Surface Transportation Board reviewed and classified Norfolk Southern Corporation’s acquisition of control over the Norfolk & Portsmouth Belt Line Railroad as a significant transaction, necessitating a more rigorous application process and potential regulatory scrutiny. The decision involves procedural requirements to ensure compliance and evaluates potential competitive effects in the rail industry.
Learn More🚂Mingus Mountain Railroad's Acquisition and Operational Exemption Overview
Mingus Mountain Railroad, LLC seeks an exemption to acquire and operate a 38.74-mile rail line from Clarkdale Arizona Central Railroad. Following a letter of intent, MMRL expects to conduct common carrier service and gain trackage rights over connecting lines, while ensuring no restrictions on future dealings with third-party carriers.
Learn More🚂Farmrail System's Control Exemption for Land Rush Rail Corporation
Farmrail System, Inc. has filed for an exemption to continue controlling Land Rush Rail Corporation as it becomes a Class III carrier, allowing it to operate a line leased from the Oklahoma Department of Transportation. The transaction is exempt from prior approval since it involves only Class III carriers, facilitating operational expansion in rail transportation.
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