Ashland Railroad, Inc.-Lease and Operation Exemption-Rail Line in Monmouth County, NJ, 7115 [E7-2315]

Download as PDF Federal Register / Vol. 72, No. 30 / Wednesday, February 14, 2007 / Notices DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 34986] By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–2315 Filed 2–13–07; 8:45 am] BILLING CODE 4915–01–P ycherry on PROD1PC64 with PRELIMS Ashland Railroad, Inc.—Lease and Operation Exemption—Rail Line in Monmouth County, NJ DEPARTMENT OF TRANSPORTATION Ashland Railroad, Inc. (ASRR), a noncarrier, has filed a verified notice of exemption under 49 CFR 1150.31 to lease and operate approximately 1.5 miles of rail line owned by Grems-Kirk Railway, LLC, a noncarrier, in the Township of Freehold, in Monmouth County, NJ. ASRR will provide common carrier rail operations over the line and interchange with Consolidated Rail Corporation at Freehold on behalf of CSX Transportation, Inc. and Norfolk Southern Railway Company. This transaction is related to the concurrently filed notice of exemption in STB Finance Docket No. 34987, G. David Crane—Continuance in Control Exemption—Ashland Railroad, Inc., wherein G. David Crane seeks to continue in control of ASRR upon its becoming a Class III rail carrier. ASRR certifies that its projected annual revenues as a result of this transaction will not exceed those that would qualify it as a Class III rail carrier and will not exceed $5 million. The earliest this transaction may be consummated is the March 1, 2007 effective date of the exemption (30 days after the exemption was filed). If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Petitions for stay must be filed no later than February 22, 2007 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to STB Finance Docket No. 34986, must be filed with the Surface Transportation Board, 1925 K Street, NW., Washington, DC 20423– 0001. In addition, a copy of each pleading must be served on John K. Fiorilla, Capehart & Scatchard, P.A., 8000 Midlantic Drive, Suite 300S, Mt. Laurel, NJ 08054. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. Decided: February 6, 2007. VerDate Aug<31>2005 17:27 Feb 13, 2007 Jkt 211001 Surface Transportation Board [STB Finance Docket No. 34987] G. David Crane—Continuance in Control Exemption—Ashland Railroad, Inc. G. David Crane (applicant) has filed a verified notice of exemption to continue in control of Ashland Railroad, Inc. (ASRR), upon ASRR’s becoming a Class III rail carrier. The earliest this transaction may be consummated is the March 1, 2007 effective date of the exemption (30 days after the exemption was filed). This transaction is related to the concurrently filed notice of exemption in STB Finance Docket No. 34986, Ashland Railroad, Inc.—Lease and Operation Exemption—Rail Line in Monmouth County, NJ. In that proceeding, ASRR seeks to lease and operate approximately 1.5 miles of rail line owned by Grems-Kirk Railway, LLC, a noncarrier, in the Township of Freehold, in Monmouth County, NJ. ASRR will provide common carrier rail operations over the line and interchange with Consolidated Rail Corporation at Freehold on behalf of CSX Transportation, Inc. and Norfolk Southern Railway Company. Applicant is a noncarrier and currently is the controlling stockholder in Ashland Railway, Inc. (ASRY), a Class II rail carrier. Applicant states that: (1) The rail lines being operated by ASRY do not connect with the rail line to be leased and operated by ASRR; (2) the continuance in control is not part of a series of anticipated transactions that would connect the rail line to be leased and operated by ASRR with any railroad in applicant’s corporate family; and (3) the transaction does not involve a Class I railroad. Therefore, the transaction is exempt from the prior approval requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(2). The purpose of this transaction is to allow applicant to continue in control of ASRY and to control ASRR after it becomes a Class III rail carrier. Under 49 U.S.C. 10502(g), the Board may not use its exemption authority to relieve a rail carrier of its statutory obligation to protect the interests of its PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 7115 employees. Because the transaction involves the control of one Class II and a Class III rail carrier, the exemption is subject to the labor protection requirements of 49 U.S.C. 11326(b). If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Petitions for stay must be filed no later than February 22, 2007 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to STB Finance Docket No. 34987, must be filed with the Surface Transportation Board, 1925 K Street, NW., Washington, DC 20423– 0001. In addition, one copy of each pleading must be served on John K. Fiorilla, Capehart & Scatchard, P.A., 8000 Midlantic Drive, Suite 300S, Mt. Laurel, NJ 08054. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. Decided: February 6, 2007. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–2322 Filed 2–13–07; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION DEPARTMENT OF THE TREASURY Office of Thrift Supervision Proposed Agency Information Collection Activities; Comment Request Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); Federal Deposit Insurance Corporation (FDIC); and Office of Thrift Supervision (OTS), Treasury. ACTION: Joint notice and request for comment. AGENCIES: SUMMARY: In accordance with the requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. E:\FR\FM\14FEN1.SGM 14FEN1

Agencies

[Federal Register Volume 72, Number 30 (Wednesday, February 14, 2007)]
[Notices]
[Page 7115]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-2315]



[[Page 7115]]

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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34986]


Ashland Railroad, Inc.--Lease and Operation Exemption--Rail Line 
in Monmouth County, NJ

    Ashland Railroad, Inc. (ASRR), a noncarrier, has filed a verified 
notice of exemption under 49 CFR 1150.31 to lease and operate 
approximately 1.5 miles of rail line owned by Grems-Kirk Railway, LLC, 
a noncarrier, in the Township of Freehold, in Monmouth County, NJ. ASRR 
will provide common carrier rail operations over the line and 
interchange with Consolidated Rail Corporation at Freehold on behalf of 
CSX Transportation, Inc. and Norfolk Southern Railway Company.
    This transaction is related to the concurrently filed notice of 
exemption in STB Finance Docket No. 34987, G. David Crane--Continuance 
in Control Exemption--Ashland Railroad, Inc., wherein G. David Crane 
seeks to continue in control of ASRR upon its becoming a Class III rail 
carrier.
    ASRR certifies that its projected annual revenues as a result of 
this transaction will not exceed those that would qualify it as a Class 
III rail carrier and will not exceed $5 million. The earliest this 
transaction may be consummated is the March 1, 2007 effective date of 
the exemption (30 days after the exemption was filed).
    If the notice contains false or misleading information, the 
exemption is void ab initio. Petitions to revoke the exemption under 49 
U.S.C. 10502(d) may be filed at any time. The filing of a petition to 
revoke will not automatically stay the effectiveness of the exemption. 
Petitions for stay must be filed no later than February 22, 2007 (at 
least 7 days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 34986, must be filed with the Surface Transportation 
Board, 1925 K Street, NW., Washington, DC 20423-0001. In addition, a 
copy of each pleading must be served on John K. Fiorilla, Capehart & 
Scatchard, P.A., 8000 Midlantic Drive, Suite 300S, Mt. Laurel, NJ 
08054.
    Board decisions and notices are available on our Web site at http:/
/www.stb.dot.gov.

    Decided: February 6, 2007.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. E7-2315 Filed 2-13-07; 8:45 am]
BILLING CODE 4915-01-P