Watco Holdings, Inc.-Continuance in Control Exemption-Pecos Valley Permian Railroad, L.L.C. d/b/a Pecos Valley Southern Railway Company, 47921 [2012-19651]
Download as PDF
Federal Register / Vol. 77, No. 155 / Friday, August 10, 2012 / Notices
that we offer rates that will better protect a
consumer in the event of loss or damage to
a shipment. Under the rates offered here,
your reimbursement in the event of loss will
be limited to llllllll.
We also offer higher levels of protection (at
higher rates). Signing this document below
indicates that you agree to pay and be bound
by the terms of the released, limited-recovery
rates.
Xllllllllllll
Customer’s signature
llll
Date
[FR Doc. 2012–19596 Filed 8–9–12; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35637]
mstockstill on DSK4VPTVN1PROD with NOTICES
Watco Holdings, Inc.—Continuance in
Control Exemption—Pecos Valley
Permian Railroad, L.L.C. d/b/a Pecos
Valley Southern Railway Company
Watco Holdings, Inc. (Watco), a
noncarrier, has filed a verified notice of
exemption pursuant to 49 CFR
1180.2(d)(2) to continue in control of
Pecos Valley Permian Railroad, L.L.C. d/
b/a Pecos Valley Southern Railway
Company (PVR), upon PVR’s becoming
a Class III rail carrier. Watco owns,
indirectly, 100 percent of the issued and
outstanding stock of PVR, a Texas
limited liability company.
This transaction is related to a
concurrently filed verified notice of
exemption in Pecos Valley Permian
Railroad, L.L.C. d/b/a Pecos Valley
Southern Railway—Lease Exemption—
Pecos Valley Southern Railway, Docket
No. FD 35636, wherein PVR seeks Board
approval to lease and operate
approximately 24 miles of rail line
owned by Pecos Valley Southern
Railway Company between Pecos, Tex.,
and a point north of Saragosa, Tex.
The transaction may be consummated
on or after August 26, 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 21 states.1 For a complete list of these
rail carriers, and the states in which
they operate, see Watco’s notice of
exemption filed on July 27, 2012. The
1 Watco
notes that it has filed for Board approval
to continue in control of San Antonio Central
Railroad (SAC) upon SAC’s becoming a Class III
railroad by leasing and operating a four-mile line
of railroad in San Antonio, Tex. See Watco
Holdings, Inc. —Continuance in Control
Exemption—San Antonio Cent. R.R., FD 35604
(STB served June 15, 2012).
VerDate Mar<15>2010
18:02 Aug 09, 2012
Jkt 226001
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 PVR do not
connect with any of the rail lines
operated by the carriers in the Watco
corporate family; (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).
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 August 17, 2012 (at least
seven days before the exemption
becomes effective).
An original and 10 copies of all
pleadings, referring to Docket No. FD
35637, 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: August 6, 2012.
By the Board, Rachel D. Campbell,
Director, Office of Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2012–19651 Filed 8–9–12; 8:45 am]
BILLING CODE 4915–01–P
PO 00000
Frm 00122
Fmt 4703
Sfmt 4703
47921
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35636]
Pecos Valley Permian Railroad, L.L.C.
d/b/a Pecos Valley Southern Railway
Company—Lease Exemption—Pecos
Valley Southern Railway Company
Pecos Valley Permian Railroad, L.L.C.
d/b/a Pecos Valley Southern Railway
Company (PVR), a noncarrier, has filed
a verified notice of exemption pursuant
to 49 CFR 1150.31 to lease from the
Pecos Valley Southern Railway
Company (PVS) and operate 24 miles of
rail line located between milepost 0.0 at
Pecos, Tex., and milepost 24.0, north of
Saragosa, Tex.
This transaction is related to a
concurrently filed verified notice of
exemption in Wacto Holdings, Inc.—
Continuance in Control Exemption—
Pecos Valley Permian Railroad, L.L.C. d/
b/a Pecos Valley Southern Railway,
Docket No. FD 35637, wherein Watco
Holdings, Inc., seeks Board approval to
continue in control of PVR upon PVR’s
becoming a Class III rail carrier.
As a result of this transaction, PVR
will provide common carrier rail service
over the rail lines owned by PVS
between Pecos and Saragosa. PVR states
that the lease agreement between PVS
and PVR will not contain any
interchange commitments.
PVR certifies that its projected annual
revenues as a result of this transaction
will not result in PVR’s becoming a
Class II or Class I rail carrier and further
certifies that its projected annual
revenues will not exceed $5 million.
The transaction is expected to be
consummated on or after August 26,
2012, the effective date of the exemption
(30 days after the notice of exemption
was filed).
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 August 17, 2012 (at least
seven days before the exemption
becomes effective).
An original and 10 copies of all
pleadings, referring to Docket No. FD
35636, 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.
E:\FR\FM\10AUN1.SGM
10AUN1
Agencies
[Federal Register Volume 77, Number 155 (Friday, August 10, 2012)]
[Notices]
[Page 47921]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-19651]
-----------------------------------------------------------------------
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35637]
Watco Holdings, Inc.--Continuance in Control Exemption--Pecos
Valley Permian Railroad, L.L.C. d/b/a Pecos Valley Southern Railway
Company
Watco Holdings, Inc. (Watco), a noncarrier, has filed a verified
notice of exemption pursuant to 49 CFR 1180.2(d)(2) to continue in
control of Pecos Valley Permian Railroad, L.L.C. d/b/a Pecos Valley
Southern Railway Company (PVR), upon PVR's becoming a Class III rail
carrier. Watco owns, indirectly, 100 percent of the issued and
outstanding stock of PVR, a Texas limited liability company.
This transaction is related to a concurrently filed verified notice
of exemption in Pecos Valley Permian Railroad, L.L.C. d/b/a Pecos
Valley Southern Railway--Lease Exemption--Pecos Valley Southern
Railway, Docket No. FD 35636, wherein PVR seeks Board approval to lease
and operate approximately 24 miles of rail line owned by Pecos Valley
Southern Railway Company between Pecos, Tex., and a point north of
Saragosa, Tex.
The transaction may be consummated on or after August 26, 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 21 states.\1\ For a complete list of these
rail carriers, and the states in which they operate, see Watco's notice
of exemption filed on July 27, 2012. The notice is available on the
Board's Web site at ``WWW.STB.DOT.GOV.''
---------------------------------------------------------------------------
\1\ Watco notes that it has filed for Board approval to continue
in control of San Antonio Central Railroad (SAC) upon SAC's becoming
a Class III railroad by leasing and operating a four-mile line of
railroad in San Antonio, Tex. See Watco Holdings, Inc. --Continuance
in Control Exemption--San Antonio Cent. R.R., FD 35604 (STB served
June 15, 2012).
---------------------------------------------------------------------------
Watco represents that: (1) The rail lines to be operated by PVR do
not connect with any of the rail lines operated by the carriers in the
Watco corporate family; (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).
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 August 17, 2012 (at
least seven days before the exemption becomes effective).
An original and 10 copies of all pleadings, referring to Docket No.
FD 35637, 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: August 6, 2012.
By the Board, Rachel D. Campbell, Director, Office of
Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2012-19651 Filed 8-9-12; 8:45 am]
BILLING CODE 4915-01-P