St. Clair Tunnel Company-Intra-Corporate Family Merger Exemption-Grand Trunk Western Railroad Incorporated, 43486 [E8-16839]
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Federal Register / Vol. 73, No. 144 / Friday, July 25, 2008 / Notices
An original and 10 copies of all
pleadings, referring to STB Finance
Docket No. 35162, must be filed with
the Surface Transportation Board, 395 E
Street, SW., Washington, DC 20423–
0001. In addition, one copy of each
pleading must be served on Fritz R.
Kahn, 1920 N Street, NW. 8th Floor,
Washington, DC 20036.
Board decisions and notices are
available on our website at
https://www.stb.dot.gov.
Decided: July 16, 2008.
By the Board, David M. Konschnik,
Director, Office of Proceedings.
Anne K. Quinlan,
Acting Secretary.
[FR Doc. E8–16743 Filed 7–24–08; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 35100]
mstockstill on PROD1PC66 with NOTICES
Waterloo Railway Company—IntraCorporate Family Exemption—Illinois
Central Railroad Company
Waterloo Railway Company
(Waterloo), a Class III rail common
carrier, has filed a verified notice of
exemption under 49 CFR 1180.2(d)(3)
for a transaction within a corporate
family. The transaction involves
Waterloo’s acquisition of a rail line
owned by Illinois Central Railroad
Company (IC),1 a Class I rail common
carrier, extending from milepost 72.48
near Woolworth, MS, to milepost 76.8
near Carlos, MS, a distance of
approximately 4.32 miles. IC will retain
local and overhead trackage rights over
the acquired line in order to serve any
future industries that may locate on the
line, and will continue to use the line
to access IC’s rail lines extending
eastward to Wanilla, MS, and westward
to Brookhaven, MS.
The transaction is expected to be
consummated on or shortly after August
11, 2008.
Waterloo states that this is an intracorporate transaction that involves the
transfer of ownership of a short rail line
from one CN-controlled subsidiary to
another, and will not result in adverse
changes in service levels, significant
operational changes, or a change in the
competitive balance with carriers
outside the corporate family. Therefore,
the transaction is exempt from the prior
approval requirements of 49 U.S.C.
11323. See 49 CFR 1180.2(d)(3).
1 Waterloo is a wholly owned direct subsidiary of
IC, which in turn is indirectly controlled by
Canadian National Railway Company (CN).
VerDate Aug<31>2005
17:15 Jul 24, 2008
Jkt 214001
As a condition to the use of this
exemption, any employees adversely
affected by this transaction will be
protected by the conditions set forth in
New York Dock Ry.—Control—Brooklyn
Eastern Dist., 360 I.C.C. 60 (1979).
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 transaction.
Petitions for stay will be due no later
than August 1, 2008 (at least 7 days
before the effective date of the
exemption).
An original and 10 copies of all
pleadings, referring to STB Finance
Docket No. 35100, must be filed with
the Surface Transportation Board, 395 E
Street, SW., Washington, DC 20423–
0001. In addition, one copy of each
pleading must be served on Thomas J.
Litwiler, 29 North Wacker Drive, Suite
920, Chicago, IL 60606.
Board decisions and notices are
available on our Web site at
www.stb.dot.gov.
Decided: July 17, 2008.
By the Board, David M. Konschnik,
Director, Office of Proceedings.
Anne K. Quinlan,
Acting Secretary.
[FR Doc. E8–16838 Filed 7–24–08; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 35142]
St. Clair Tunnel Company—Intra—
Corporate Family Merger Exemption—
Grand Trunk Western Railroad
Incorporated
St. Clair Tunnel Company (SCTC), a
Class III rail common carrier, and Grand
Trunk Western Railroad Incorporated
(GTW), a Class I rail common carrier,
have jointly filed a verified notice of
exemption under 49 CFR 1180.2(d)(3)
for an intra-corporate family merger of
GTW with and into SCTC, with SCTC as
the surviving corporation. GTW and
SCTC are direct subsidiaries of Grand
Trunk Corporation (GTC) and indirect
subsidiaries of Canadian National
Railway Company (CN).1 Upon
completion of the transaction, SCTC
would change its corporate name to
1 All of CN’s U.S. rail operating subsidiaries,
including GTW and SCTC, report to the Board on
a consolidated Class I basis under the GTC name.
PO 00000
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Sfmt 4703
Grand Trunk Western Railroad
Company.
The transaction is scheduled to be
consummated on or after August 8,
2008, the effective date of the
exemption.
The purpose of the transaction is to
simplify the U.S. corporate structure of
CN by eliminating a railroad within that
structure and to accommodate certain
Canadian tax considerations.
This is a transaction within a
corporate family of the type specifically
exempted from prior review and
approval under 49 CFR 1180.2(d)(3).
The parties state that the transaction
will not result in adverse changes in
service levels, significant operational
changes, or any change in the
competitive balance with carriers
outside the corporate family.
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
employees. As a condition to the use of
this exemption, any employees
adversely affected by this transaction
will be protected by the conditions set
forth in New York Dock Ry.—Control—
Brooklyn Eastern Dist., 360 I.C.C. 60
(1979).
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 transaction.
Petitions for stay must be filed no later
than August 1, 2008 (at least 7 days
before the exemption becomes
effective).
An original and 10 copies of all
pleadings, referring to STB Finance
Docket No. 35142, must be filed with
the Surface Transportation Board, 395 E
Street, NW., Washington, DC 20423–
0001. In addition, one copy of each
pleading must be served on Thomas J.
Litwiler, Fletcher & Sippel LLC, 29
North Wacker Drive, Suite 920, Chicago,
IL 60606–2832.
Board decisions and notices are
available on our Web site at ‘‘https://
www.stb.dot.gov.’’
Decided: July 17, 2008.
By the Board, David M. Konschnik,
Director, Office of Proceedings.
Anne K. Quinlan,
Acting Secretary.
[FR Doc. E8–16839 Filed 7–24–08; 8:45 am]
BILLING CODE 4915–01–P
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[Federal Register Volume 73, Number 144 (Friday, July 25, 2008)]
[Notices]
[Page 43486]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-16839]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 35142]
St. Clair Tunnel Company--Intra--Corporate Family Merger
Exemption--Grand Trunk Western Railroad Incorporated
St. Clair Tunnel Company (SCTC), a Class III rail common carrier,
and Grand Trunk Western Railroad Incorporated (GTW), a Class I rail
common carrier, have jointly filed a verified notice of exemption under
49 CFR 1180.2(d)(3) for an intra-corporate family merger of GTW with
and into SCTC, with SCTC as the surviving corporation. GTW and SCTC are
direct subsidiaries of Grand Trunk Corporation (GTC) and indirect
subsidiaries of Canadian National Railway Company (CN).\1\ Upon
completion of the transaction, SCTC would change its corporate name to
Grand Trunk Western Railroad Company.
---------------------------------------------------------------------------
\1\ All of CN's U.S. rail operating subsidiaries, including GTW
and SCTC, report to the Board on a consolidated Class I basis under
the GTC name.
---------------------------------------------------------------------------
The transaction is scheduled to be consummated on or after August
8, 2008, the effective date of the exemption.
The purpose of the transaction is to simplify the U.S. corporate
structure of CN by eliminating a railroad within that structure and to
accommodate certain Canadian tax considerations.
This is a transaction within a corporate family of the type
specifically exempted from prior review and approval under 49 CFR
1180.2(d)(3). The parties state that the transaction will not result in
adverse changes in service levels, significant operational changes, or
any change in the competitive balance with carriers outside the
corporate family.
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 employees. As a condition to the use of
this exemption, any employees adversely affected by this transaction
will be protected by the conditions set forth in New York Dock Ry.--
Control--Brooklyn Eastern Dist., 360 I.C.C. 60 (1979).
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 transaction. Petitions for stay
must be filed no later than August 1, 2008 (at least 7 days before the
exemption becomes effective).
An original and 10 copies of all pleadings, referring to STB
Finance Docket No. 35142, must be filed with the Surface Transportation
Board, 395 E Street, NW., Washington, DC 20423-0001. In addition, one
copy of each pleading must be served on Thomas J. Litwiler, Fletcher &
Sippel LLC, 29 North Wacker Drive, Suite 920, Chicago, IL 60606-2832.
Board decisions and notices are available on our Web site at
``https://www.stb.dot.gov.''
Decided: July 17, 2008.
By the Board, David M. Konschnik, Director, Office of
Proceedings.
Anne K. Quinlan,
Acting Secretary.
[FR Doc. E8-16839 Filed 7-24-08; 8:45 am]
BILLING CODE 4915-01-P
