Watco Holdings, Inc.-Continuance in Control Exemption-San Antonio Central Railroad, L.L.C., 36040 [2012-14663]
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Federal Register / Vol. 77, No. 116 / Friday, June 15, 2012 / Notices
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Jeffrey P. Michael,
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[FR Doc. 2012–14666 Filed 6–14–12; 8:45 am]
BILLING CODE 4910–59–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35604]
Watco Holdings, Inc.—Continuance in
Control Exemption—San Antonio
Central Railroad, L.L.C.
Watco Holdings, Inc. (Watco), a
noncarrier, has filed a verified notice of
exemption pursuant to 49 CFR
1180.2(d)(2), for Watco to continue in
control of San Antonio Central Railroad,
L.L.C. (SAC), upon SAC’s becoming a
Class III rail carrier. Watco owns,
indirectly, 100 percent of the issued and
outstanding stock of SAC, a Texas
limited liability company.
This transaction is related to a
concurrently filed verified notice of
exemption in San Antonio Central
Railroad, L.L.C.—Lease Exemption—
Port Authority of San Antonio, Docket
No. FD 35603, wherein SAC seeks Board
approval to lease and operate
approximately four miles of rail line
owned by the Port Authority of San
Antonio, in San Antonio, Tex.
The transaction may be consummated
on or after July 1, 2012, the effective
date of the exemption (30 days after the
notice of exemption was filed).
Watco is a Kansas corporation that
currently controls, indirectly, one Class
II rail carrier, operating in two states,
and 25 Class III rail carriers, operating
in 19 states. For a complete list of these
rail carriers, and the states in which
they operate, see Watco’s notice of
exemption filed on June 1, 2012. The
notice is available on the Board’s Web
site at www.stb.dot.gov.
Watco represents that: (1) The rail
lines to be operated by SAC do not
connect with any of the rail lines
operated by the carriers in the Watco
corporate family 1; (2) the continuance
1 According to the notice, the rail lines that will
be operated by SAC are located in San Antonio,
PO 00000
Frm 00103
Fmt 4703
Sfmt 9990
in control is not a part of a series of
anticipated transactions that would
result in such a connection; and (3) the
transaction does not involve a Class I
carrier. Therefore, the transaction is
exempt from the prior approval
requirements of 49 U.S.C. 11323. See
49 CFR 1180.2(d)(2).
Watco states that the purpose of the
transaction is to reduce overhead
expenses, coordinate billing,
maintenance, mechanical, and
personnel policies and practices of its
rail carrier subsidiaries and thereby
improve the overall efficiency of rail
service provided by the railroads in the
Watco 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. Because the transaction
involves the control of one Class II and
one or more Class III rail carriers, the
transaction is subject to the labor
protection requirements of 49 U.S.C.
11326(b) and Wisconsin Central Ltd.—
Acquisition Exemption—Lines of Union
Pacific Railroad, 2 S.T.B. 218 (1997).
If the verified 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 by June 22, 2012 (at least seven
days before the exemption becomes
effective).
An original and 10 copies of all
pleadings, referring to Docket No. FD
35604, must be filed with the Surface
Transportation Board, 395 E Street SW.,
Washington, DC 20423–0001. In
addition, a copy of each pleading must
be served on Karl Morell, Ball Janik
LLP, 655 Fifteenth Street NW., Suite
225, Washington, DC 20005.
Board decisions and notices are
available on our Web site at
www.stb.dot.gov.
Decided: June 12, 2012.
By the Board.
Rachel D. Campbell,
Director, Office of Proceedings.
Derrick A. Gardner,
Clearance Clerk.
[FR Doc. 2012–14663 Filed 6–14–12; 8:45 am]
BILLING CODE 4915–01–P
Tex., and no other Watco railroad operates rail lines
in or near San Antonio.
E:\FR\FM\15JNN1.SGM
15JNN1
Agencies
[Federal Register Volume 77, Number 116 (Friday, June 15, 2012)]
[Notices]
[Page 36040]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-14663]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35604]
Watco Holdings, Inc.--Continuance in Control Exemption--San
Antonio Central Railroad, L.L.C.
Watco Holdings, Inc. (Watco), a noncarrier, has filed a verified
notice of exemption pursuant to 49 CFR 1180.2(d)(2), for Watco to
continue in control of San Antonio Central Railroad, L.L.C. (SAC), upon
SAC's becoming a Class III rail carrier. Watco owns, indirectly, 100
percent of the issued and outstanding stock of SAC, a Texas limited
liability company.
This transaction is related to a concurrently filed verified notice
of exemption in San Antonio Central Railroad, L.L.C.--Lease Exemption--
Port Authority of San Antonio, Docket No. FD 35603, wherein SAC seeks
Board approval to lease and operate approximately four miles of rail
line owned by the Port Authority of San Antonio, in San Antonio, Tex.
The transaction may be consummated on or after July 1, 2012, the
effective date of the exemption (30 days after the notice of exemption
was filed).
Watco is a Kansas corporation that currently controls, indirectly,
one Class II rail carrier, operating in two states, and 25 Class III
rail carriers, operating in 19 states. For a complete list of these
rail carriers, and the states in which they operate, see Watco's notice
of exemption filed on June 1, 2012. The notice is available on the
Board's Web site at www.stb.dot.gov.
Watco represents that: (1) The rail lines to be operated by SAC do
not connect with any of the rail lines operated by the carriers in the
Watco corporate family \1\; (2) the continuance in control is not a
part of a series of anticipated transactions that would result in such
a connection; and (3) the transaction does not involve a Class I
carrier. Therefore, the transaction is exempt from the prior approval
requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(2).
---------------------------------------------------------------------------
\1\ According to the notice, the rail lines that will be
operated by SAC are located in San Antonio, Tex., and no other Watco
railroad operates rail lines in or near San Antonio.
---------------------------------------------------------------------------
Watco states that the purpose of the transaction is to reduce
overhead expenses, coordinate billing, maintenance, mechanical, and
personnel policies and practices of its rail carrier subsidiaries and
thereby improve the overall efficiency of rail service provided by the
railroads in the Watco 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. Because the transaction
involves the control of one Class II and one or more Class III rail
carriers, the transaction is subject to the labor protection
requirements of 49 U.S.C. 11326(b) and Wisconsin Central Ltd.--
Acquisition Exemption--Lines of Union Pacific Railroad, 2 S.T.B. 218
(1997).
If the verified 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 by June 22, 2012 (at least
seven days before the exemption becomes effective).
An original and 10 copies of all pleadings, referring to Docket No.
FD 35604, must be filed with the Surface Transportation Board, 395 E
Street SW., Washington, DC 20423-0001. In addition, a copy of each
pleading must be served on Karl Morell, Ball Janik LLP, 655 Fifteenth
Street NW., Suite 225, Washington, DC 20005.
Board decisions and notices are available on our Web site at
www.stb.dot.gov.
Decided: June 12, 2012.
By the Board.
Rachel D. Campbell,
Director, Office of Proceedings.
Derrick A. Gardner,
Clearance Clerk.
[FR Doc. 2012-14663 Filed 6-14-12; 8:45 am]
BILLING CODE 4915-01-P