DOCSLIB.ORG

Federal Register/Vol. 71, No. 23/Friday, February 3, 2006/Notices

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Federal Register/Vol. 71, No. 23/Friday, February 3, 2006/Notices 5906 Federal Register / Vol. 71, No. 23 / Friday, February 3, 2006 / Notices An original and 10 copies of all Company/Allentown Lines, Inc. By the Board, David M. Konschnik, pleadings, referring to STB Finance (Allentown Lines), and R.J. Corman Director, Office of Proceedings. Docket No. 34772, must be filed with Railroad Company/Central Kentucky Vernon A. Williams, the Surface Transportation Board, 1925 Lines, LLC (Central Kentucky Lines). Secretary. K Street, NW., Washington, DC 20423– Corman also owns R.J. Corman Railroad [FR Doc. E6–1489 Filed 2–2–06; 8:45 am] 0001. In addition, one copy of each Property, LLC (RJRP), a Class III non- BILLING CODE 4915–01–P pleading must be served on Ronald A. operating rail carrier, and owns a Lane, Fletcher & Sippel LLC, 29 North controlling interest in the Clearfield & Wacker Drive, Suite 920, Chicago, IL Mahoning Railway Company (CMRC), DEPARTMENT OF TRANSPORTATION 60606–2832. also a Class III rail carrier. Board decisions and notices are Surface Transportation Board available on our Web site at http:// Applicants state that: (1) The rail lines www.stb.dot.gov. operated by Pennsylvania Lines, [STB Finance Docket No. 34823] Decided: January 30, 2006. Memphis Line, Western Ohio Line, The Kansas City Southern Railway By the Board, David M. Konschnik, Cleveland Line, Bardstown Line, Company—Trackage Rights Director, Office of Proceedings. Allentown Lines, Central Kentucky Exemption—Meridian Speedway LLC Vernon A. Williams, Lines, RJRP, and CMRC do not connect Secretary. with the rail line being leased by RJCK; Meridian Speedway LLC (MSLLC) has agreed to grant local and overhead [FR Doc. E6–1488 Filed 2–2–06; 8:45 am] (2) the continuance in control is not part trackage rights to The Kansas City BILLING CODE 4915–01–P of a series of anticipated transactions that would connect the rail line being Southern Railway Company (KCSR) 1 to leased by RJCK with any railroad in the permit KCSR to operate over a line of 2 DEPARTMENT OF TRANSPORTATION Corman corporate family; and (3) the railroad being transferred to MSLLC. transaction does not involve a Class I The trackage rights extend over this line Surface Transportation Board between milepost 0.0 at Meridian, MS, rail carrier. Therefore, the transaction is ± exempt from the prior approval and milepost 95.26 at Jackson, MS, [STB Finance Docket No. 34775] and between milepost 95.7 ± at Jackson, requirements of 49 U.S.C. 11323. See 49 MS, and milepost V–169.85 ± at Richard J. Corman and R.J. Corman CFR 1180.2(d)(2). The purpose of the Railroad Group, LLC—Continuance in Shreveport, LA, a total distance of transaction is to allow Corman and 3 Control; Exemption—R.J. Corman approximately 320 miles. Group to continue in control of RJCK KCSR had intended to consummate Railroad Company/Tennessee after RJCK becomes a Class III rail Terminal, LLC the transaction on the later of two dates, carrier. January 24, 2006, or when the Richard J. Corman (Corman) and R.J. Under 49 U.S.C. 10502(g), the Board transaction described in STB Finance Corman Railroad Group, LLC (Group) may not use its exemption authority to Docket No. 34822 is consummated. (collectively applicants), have filed a relieve a rail carrier of its statutory However, by decision served on January verified notice of exemption to continue obligation to protect the interests of its 23, 2006, the effective date of the three in control of R.J. Corman Railroad employees. Section 11326(c), however, exemptions was stayed, at the joint Company/Tennessee Terminal, LLC does not provide for labor protection for request of CN, NSR, KCS, KCSR, and (RJCK), upon RJCK’s becoming a Class transactions under section 11324 and MSLLC, until February 23, 2006. 1 III rail carrier. 11325 that involve only Class III rail Accordingly, consummation of the The transaction was scheduled to be carriers. Accordingly, the Board may not transaction cannot occur until February consummated on January 15, 2006. 23, at the earliest. This transaction is related to the impose labor protective conditions here, because all of the carriers involved are concurrently filed verified notice of 1 A redacted version of the trackage rights exemption in STB Finance Docket No. Class III carriers. agreement was filed with the notice of exemption. 34772, R.J. Corman Railroad Company/ If the verified notice contains false or The full version of the agreement, as required by Tennessee Terminal, LLC—Lease and 49 CFR 1180.6(a)(7)(ii), was filed under seal along misleading information, the exemption with a motion for a protective order. Operation Exemption—BNSF Railway is void ab initio. Petitions to revoke the 2 KCSR’s verified notice of exemption is related Company. In that proceeding, RJCK exemption under 49 U.S.C. 10502(d) to two other verified notices of exemption filed on seeks to acquire by lease from BNSF may be filed at any time. The filing of January 17, 2006. In STB Finance Docket No. 34822, Railway Company (BNSF) and operate Kansas City Southern (KCS), KCSR, and MSLLC a petition to revoke will not have filed a notice of exemption relating to an intra- approximately 46.7 miles of rail lines in automatically stay the transaction. corporate family transaction pursuant to which Shelby County, TN, and DeSoto County, An original and 10 copies of all KCSR will transfer its line between Meridian, MS, MS. and Shreveport, LA, to MSLLC, KCS will continue Group controls seven Class III rail pleadings, referring to STB Finance in control of MSLLC (which will become a carrier carriers: R.J. Corman Railroad Company/ Docket No. 34775, must be filed with upon acquiring the line), and KCSR will contract the Surface Transportation Board, 1925 with MSLLC to operate the transferred line on Pennsylvania Lines Inc. (Pennsylvania MSLLC’s behalf. In STB Finance Docket No. 34821, Lines), R.J. Corman Railroad Company/ K Street, NW., Washington, DC 20423– Norfolk Southern Railway Company (NSR) has filed Memphis Line (Memphis Line), R.J. 0001. In addition, one copy of each a notice of exemption to acquire trackage rights over Corman Railroad Company/Western pleading must be served on Ronald A. the line to be transferred to MSLLC in STB Finance Lane, Fletcher & Sippel LLC, 29 North Docket No. 34822. Ohio Line (Western Ohio Line), R.J. 3 KCSR currently operates via trackage rights over Corman Railroad Company/Cleveland Wacker Drive, Suite 920, Chicago, IL the approximately four-tenths of a mile section of Line (Cleveland Line), R.J. Corman 60606–2832. track in Jackson, MS, connecting these two line Railroad Company/Bardstown Line segments. That section of track is controlled by Board decisions and notices are Canadian National Railway Company (CN) as (Bardstown Line), R.J. Corman Railroad available on our Web site at http:// successor to Illinois Central Railroad Company (IC) www.stb.dot.gov. pursuant to a trackage rights agreement dated 1 Group, a noncarrier holding company, is owned March 26, 1986, between MidSouth Rail by Corman and directly controls JCK. Decided: January 30, 2006. Corporation and IC. VerDate Aug<31>2005 15:00 Feb 02, 2006 Jkt 208001 PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 E:\FR\FM\03FEN1.SGM 03FEN1 hsrobinson on PROD1PC70 with NOTICES Federal Register / Vol. 71, No. 23 / Friday, February 3, 2006 / Notices 5907 KCSR will use the trackage rights to DEPARTMENT OF TRANSPORTATION 2006. Accordingly, consummation of continue to provide local rail service to the transaction cannot occur until shippers located on the line once Surface Transportation Board February 23, at the earliest. And NSR ownership of the line has transferred [STB Finance Docket No. 34821] has agreed to exercise the instant from KCSR to MSLLC. In addition, the trackage rights only in the event of trackage rights will allow KCSR to Norfolk Southern Railway Company— certain occurrences described in the transport goods to and from shippers Trackage Rights Exemption—Meridian agreement attached to the notice. and other rail carriers between Speedway LLC—Between Meridian, MS NSR will use the trackage rights for Shreveport, LA, and Meridian, MS. This and Shreveport, LA the overhead movement between transaction and the transactions covered Meridian, MS, and Shreveport, LA, of by the other two notices of exemption Meridian Speedway LLC (MSLLC) has agreed to grant overhead trackage rights trains handling certain categories of are part of a joint-venture between KCS intermodal traffic. This transaction and and NSR to share and upgrade the to Norfolk Southern Railway Company (NSR) 1 to permit NSR to operate over a the transactions described in the two instant line, a segment of a longer line related notices of exemption are part of located between Meridian, MS, and line of railroad being transferred to MSLLC.2 The trackage rights extend a joint-venture between KCS and NSR to Dallas, TX. over this line between milepost 0.0 at share and upgrade this portion of the As a condition to this exemption, any Meridian, MS, and milepost 95.26 ± at Meridian Speedway, a line running employees affected by the trackage Jackson, MS, and between milepost 95.7 between Meridian, MS, and Dallas, TX. rights will be protected by the ± at Jackson, MS, and milepost V– As a condition to this exemption, any conditions imposed in Norfolk and 169.85 ± at Shreveport, LA, a total employees affected by the trackage Western Ry. Co.—Trackage Rights—BN, distance of approximately 320 miles.3 rights will be protected by the 354 I.C.C. 605 (1978), as modified in NSR had intended to consummate the conditions imposed in Norfolk and Mendocino Coast Ry., Inc.—Lease and transaction on the later of two dates, Western Ry.
Load more

Recommended publications
  • 2005 Annual Report
    Norfolk Southern Corporation Annual Report 2005 StrongStrong Legacy,Legacy, BrightBright FutureFuture System Map Norfolk Southern Railway and its Railroad Operating Subsidiaries NS Trackage/Haulage Rights Meridian Speedway Heartland Corridor Annual Report 2005 2 Norfolk Southern Corporation Description of Business Norfolk Southern Corporation is a Norfolk, Va.-based company that controls a major freight railroad, Norfolk Southern Railway Company. The railway operates ap- proximately 21,200 route miles in 22 east- ern states, the District of Columbia and On- tario, Canada, serves all major eastern ports and connects with rail partners in the West and Canada, linking customers to markets around the world. Norfolk Southern pro- vides comprehensive logistics services and offers the most extensive intermodal net- work in the East. Financial Highlights % INCREASE ($ in millions, except per share amounts) 2004 2005 (DECREASE) FINANCIAL RESULTS Railway operating revenues $ 7,312 $ 8,527 17 Income from railway operations $ 1,702 $ 2,117 24 Railway operating ratio 76.7% 75.2% (2) 1 2 Net Income $ 923 $ 1,281 39 Earnings per share 1 2 Basic $ 2.34 $ 3.17 35 1 2 Diluted $ 2.31 $ 3.11 35 FINANCIAL POSITION Total assets $ 24,750 $ 25,861 4 Total debt $ 7,525 $ 6,930 (8) Stockholders’ equity $ 7,990 $ 9,289 16 Debt to total capitalization ratio 48.5% 42.7% (12) Stockholders’ equity per share $ 19.95 $ 22.66 14 OTHER INFORMATION Year-end stock price $ 36.19 $ 44.83 24 Dividends per share $ 0.36 $ 0.48 33 Annual Report 2005 15.7 14.4 (8) Price/earnings ratio at year end 1 51,032 48,180 (6) Number of shareholders at year end Shares outstanding at year end 400,438,982 409,885,788 2 Number of employees at year end 28,986 30,433 5 1 Results in 2004 include a $53 million net gain from the Conrail corporate reorganization, which increased net income by $53 million, or 13 cents per diluted share.
    [Show full text]
  • 3.) MS State Rail Plan 2016
    THIS PAGE INTENTIONALLY LEFT BLANK Table of Contents EXECUTIVE SUMMARY .............................................................................................................................. ES-1 1 THE ROLE OF RAIL IN MISSISSIPPI ..................................................................................................... 1-1 1.1 PURPOSE OF THE RAIL PLAN ......................................................................................................................................... 1-1 1.2 MISSISSIPPI’S GOALS FOR ITS MULTIMODAL TRANSPORTATION SYSTEM ....................................................................... 1-1 1.3 THE ROLE OF RAIL IN MISSISSIPPI’S TRANSPORTATION SYSTEM ................................................................................... 1-2 1.4 INSTITUTIONAL STRUCTURE OF MISSISSIPPI’S RAIL PROGRAM ...................................................................................... 1-3 1.4.1 Mississippi Department of Transportation .................................................................................................................................... 1-4 1.4.2 Mississippi Development Authority ............................................................................................................................................... 1-5 1.4.3 Southern Rail Commission ............................................................................................................................................................ 1-5 1.4.4 Public Authorities .........................................................................................................................................................................
    [Show full text]
  • Norfolk Southern's
    Norfolk Southern Corporation Annual Report 2005 StrongStrong Legacy,Legacy, BrightBright FutureFuture System Map Norfolk Southern Railway and its Railroad Operating Subsidiaries NS Trackage/Haulage Rights Meridian Speedway Heartland Corridor Annual Report 2005 2 Norfolk Southern Corporation Description of Business Norfolk Southern Corporation is a Norfolk, Va.-based company that controls a major freight railroad, Norfolk Southern Railway Company. The railway operates ap- proximately 21,200 route miles in 22 east- ern states, the District of Columbia and On- tario, Canada, serves all major eastern ports and connects with rail partners in the West and Canada, linking customers to markets around the world. Norfolk Southern pro- vides comprehensive logistics services and offers the most extensive intermodal net- work in the East. Financial Highlights % INCREASE ($ in millions, except per share amounts) 2004 2005 (DECREASE) FINANCIAL RESULTS Railway operating revenues $ 7,312 $ 8,527 17 Income from railway operations $ 1,702 $ 2,117 24 Railway operating ratio 76.7% 75.2% (2) 1 2 Net Income $ 923 $ 1,281 39 Earnings per share 1 2 Basic $ 2.34 $ 3.17 35 1 2 Diluted $ 2.31 $ 3.11 35 FINANCIAL POSITION Total assets $ 24,750 $ 25,861 4 Total debt $ 7,525 $ 6,930 (8) Stockholders’ equity $ 7,990 $ 9,289 16 Debt to total capitalization ratio 48.5% 42.7% (12) Stockholders’ equity per share $ 19.95 $ 22.66 14 OTHER INFORMATION Year-end stock price $ 36.19 $ 44.83 24 Dividends per share $ 0.36 $ 0.48 33 Annual Report 2005 15.7 14.4 (8) Price/earnings ratio at year end 1 51,032 48,180 (6) Number of shareholders at year end Shares outstanding at year end 400,438,982 409,885,788 2 Number of employees at year end 28,986 30,433 5 1 Results in 2004 include a $53 million net gain from the Conrail corporate reorganization, which increased net income by $53 million, or 13 cents per diluted share.
    [Show full text]
  • Dallas/Fort Worth to Meridian Passenger Rail Study Txdot Rail Division I-20 Corridor Council
    Dallas/Fort Worth to Meridian Passenger Rail Study TxDOT Rail Division I-20 Corridor Council OCTOBER 2017 Table of Contents Section 1: Executive Summary ........................................................................................... 3 Purpose of the Study ........................................................................................................................ 3 Methodology ..................................................................................................................................... 3 Improvements ................................................................................................................................... 4 Results .............................................................................................................................................. 6 Benefit-Cost Analysis ........................................................................................................................ 7 Section 2: Introduction ........................................................................................................ 9 Background ....................................................................................................................................... 9 Overview of Previous Studies ........................................................................................................ 10 Section 3: Methodology .................................................................................................... 14 Design Standards and Assumptions
    [Show full text]
  • 2020 Louisiana Rail Plan
    Louisiana State Rail Plan Prepared for: Louisiana Department of Transportation and Development Prepared by: University of New Orleans Transportation Institute August 25, 2020 Table of Contents INTRODUCTION ................................................................................................................................................................................................ 1 LOUISIANA’S RAIL SYSTEM ............................................................................................................................................................................ 1 Freight Rail System ............................................................................................................................................................................... 1 Passenger Rail Service ......................................................................................................................................................................... 1 Rail Impacts ............................................................................................................................................................................................. 2 RAIL PLAN DEVELOPMENT PROCESS ........................................................................................................................................................... 2 LOUISIANA’S RAIL VISION AND SERVICE OBJECTIVES ..............................................................................................................................
    [Show full text]
  • 2015 Louisiana Rail Plan
    Louisiana State Rail Plan June 2015 prepared for prepared by in collaboration with: HDR Engineering, Inc. Steve Roberts Louisiana State Rail Plan Prepared for: Louisiana Department of Transportation and Development Prepared by: CDM Smith In association with HDR Engineering June 2015 U.S. Department 1200 New Jersey Avenue, SE of Transportation Washington, DC 20590 Federal Railroad Administration June 26, 2015 J. Dean Goodell Louisiana DOTD Room S-515 1201 Capitol Access Road Baton Rouge, LA 70802 Dear Dean, FRA has completed its review of the Louisiana State Rail Plan (SRP) from August 2014. FRA’s review of the SRP found that it contained the minimum required elements in accordance with Section 303 of the Passenger Rail Investment and Improvement Act of 2008 (PRIIA). This letter services as notice that FRA formally accepts the SRP and the projects listed in the SRP will be eligible for capital grants under Sections 301, 302, and 501 of PRIIA, relating to intercity passenger rail, congestion, and high speed rail respectively. FRA acceptance of the 2014 Louisiana State Rail Plan is valid until June 26th, 2020. While FRA finds that the SRP meets the minimum requirements, the following issues emerged during the review of the SRP. FRA recommends addressing these issues in future updates to the SRP to facilitate a robust planning process for rail in the State of Louisiana: Provide the total funding amount Louisiana has allocated to all rail related projects within the last five years. 2.2.3, Objectives for passenger rail service do not have to be tied to specific frequency and capacity projects, general objectives can be helpful in shaping the level of desired service in the State.
    [Show full text]
  • 302689 BEFORE the SURFACE TRANSPORTATION BOARD ______ENTERED Office of Proceedings STB FINANCE DOCKET NO
    CN-26 KCS-9 PUBLIC VERSION 302689 BEFORE THE SURFACE TRANSPORTATION BOARD ___________________________ ENTERED Office of Proceedings STB FINANCE DOCKET NO. 36514 July 6, 2021 ___________________________ Part of Public Record CANADIAN NATIONAL RAILWAY COMPANY, GRAND TRUNK CORPORATION, AND CN’S RAIL OPERATING SUBSIDIARIES – CONTROL – KANSAS CITY SOUTHERN, THE KANSAS CITY SOUTHERN RAILWAY COMPANY, GATEWAY EASTERN RAILWAY COMPANY, AND THE TEXAS MEXICAN RAILWAY COMPANY ___________________________ APPLICANTS’ REPLY TO COMMENTS ON PROPOSED VOTING TRUST AGREEMENT ___________________________ EXPEDITED CONSIDERATION REQUESTED ___________________________ Sean Finn Kathryn J. Gainey Raymond A. Atkins Olivier Chouc CN Terence M. Hynes CN 601 Pennsylvania Ave, Matthew J. Warren 935 de La Gauchetière NW Sidley Austin LLP Street West, Suite 500, North 1501 K Street, N.W. 16th Floor Building Washington, DC 20005 Montreal, QC H3B 2M9 Washington, DC 20004 (202) 736-8000 CANADA (202) 347-7840 [email protected] [email protected] Counsel for Canadian National Railway Company, Grand Trunk Corporation, and CN’s Rail Operating Subsidiaries Adam Godderz William A. Mullins The Kansas City Southern Crystal Zorbaugh Railway Company Baker and Miller PLLC 427 W 12th Street 2401 Pennsylvania Avenue, Suite 300 Kansas City, MO 64105 Washington, DC 20037 (816) 983-1324 (202) 663-7823 [email protected] [email protected] Counsel for Kansas City Southern, The Kansas City Southern Railway Company, Gateway Eastern Railway Company, and the Texas Mexican Railway Company Dated: July 6, 2021 CN-26 KCS-9 PUBLIC VERSION TABLE OF CONTENTS EXECUTIVE SUMMARY ................................................................................................................ 1 ARGUMENT .................................................................................................................................... 12 I. THE BOARD’S VOTING TRUST REVIEW IS FOCUSED ON THE VOTING TRUST AND DOES NOT PREJUDGE ITS ULTIMATE MERGER DECISION.
    [Show full text]
  • Cn-18 Kcs-1 Before the Surface
    CN-18 KCS-1 BEFORE THE 302407 SURFACE TRANSPORTATION BOARD ___________________________ ENTERED Office of Proceedings STB FINANCE DOCKET NO. 36514 May 26, 2021 ___________________________ Part of Public Record CANADIAN NATIONAL RAILWAY COMPANY, GRAND TRUNK CORPORATION, AND CN’S RAIL OPERATING SUBSIDIARIES – CONTROL – KANSAS CITY SOUTHERN, THE KANSAS CITY SOUTHERN RAILWAY COMPANY, GATEWAY EASTERN RAILWAY COMPANY, AND THE TEXAS MEXICAN RAILWAY COMPANY ___________________________ JOINT MOTION FOR APPROVAL OF VOTING TRUST AGREEMENT ___________________________ EXPEDITED CONSIDERATION REQUESTED ___________________________ Sean Finn Kathryn J. Gainey Raymond A. Atkins Olivier Chouc CN Terence M. Hynes CN 601 Pennsylvania Ave, Matthew J. Warren 935 de La Gauchetière NW Sidley Austin LLP Street West, Suite 500, North 1501 K Street, N.W. 16th Floor Building Washington, DC 20005 Montreal, QC H3B 2M9 Washington, DC 20004 (202) 736-8000 CANADA (202) 347-7840 [email protected] [email protected] Counsel for Canadian National Railway Company, Grand Trunk Corporation, and CN’s Rail Operating Subsidiaries Adam Godderz William A. Mullins The Kansas City Southern Crystal Zorbaugh Railway Company Baker and Miller PLLC 427 W 12th Street 2401 Pennsylvania Avenue, Suite 300 (816) 983-1324 Washington, DC 20037 [email protected] (202) 663-7823 [email protected] Counsel for Kansas City Southern, The Kansas City Southern Railway Company, Gateway Eastern Railway Company, and the Texas Mexican Railway Company Dated: May 26, 2021 CN-18 KCS-1 TABLE
    [Show full text]