Watco Holdings, Inc.-Continuance in Control Exemption-Bogalusa Bayou Railroad, L.L.C., 75231 [2014-29550]

Download as PDF Federal Register / Vol. 79, No. 242 / Wednesday, December 17, 2014 / Notices Send comments regarding the burden estimate, including suggestions for reducing the burden, to the Office of Management and Budget, Attention: Desk Officer for the Office of the Secretary of Transportation, 725 17th Street NW., Washington, DC 20503. Comments are invited on: Whether the proposed collection of information is necessary for the proper performance of the functions of the Department, including whether the information will have practical utility; the accuracy of the Department’s estimate of the burden of the proposed information collection; ways to enhance the quality, utility and clarity of the information to be collected; and ways to minimize the burden of the collection of information on respondents, including the use of automated collection techniques or other forms of information technology. ADDRESSES: Authority: The Paperwork Reduction Act of 1995; 44 U.S.C. Chapter 35, as amended; and 49 CFR 1:93. Dated: December 11, 2014. Julie P. Agarwal, Secretary, Maritime Administration. [FR Doc. 2014–29468 Filed 12–16–14; 8:45 am] BILLING CODE 4910–81–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [Docket No. FD 35882] mstockstill on DSK4VPTVN1PROD with NOTICES Watco Holdings, Inc.—Continuance in Control Exemption—Bogalusa Bayou 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) to continue in control of Bogalusa Bayou Railroad, L.L.C. (BBRR), upon BBRR’s becoming a Class III rail carrier. Watco owns, indirectly, 100 percent of the issued and outstanding stock of BBRR, a limited liability company. This transaction is related to a concurrently filed verified notice of exemption in Bogalusa Bayou Railroad—Acquisition of Trackage Rights Exemption Containing Interchange Commitment—Illinois Central Railroad, Docket No. FD 35880, wherein BBRR seeks Board approval to acquire overhead trackage rights over a one-mile rail line owned by Illinois Central Railroad Company extending between milepost 68.85, at Leescreek, La., and milepost 69.85, at Bogalusa, La. The transaction may be consummated on or after December 31, 2014, the effective date of the exemption (30 days VerDate Sep<11>2014 19:49 Dec 16, 2014 Jkt 235001 after the verified notice of exemption was filed). Watco currently controls, indirectly, one Class II rail carrier that operates in two states and 29 Class III rail carriers that collectively operate in 20 states. For a complete list of these rail carriers, and the states in which they operate, see Watco’s verified notice of exemption filed on December 1, 2014. The verified 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 BBRR do not connect with any of the rail lines operated by the carriers in the Watco corporate family; (2) the transaction 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 December 24, 2014 (at least seven days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to Docket No. FD 35882, 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: December 12, 2014. PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 75231 By the Board, Rachel D. Campbell, Director, Office of Proceedings. Brendetta S. Jones, Clearance Clerk. [FR Doc. 2014–29550 Filed 12–16–14; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [Docket No. FD 35880] Bogalusa Bayou Railroad, L.L.C.— Acquisition of Trackage Rights Exemption Containing Interchange Commitment—Illinois Central Railroad Company Bogalusa Bayou Railroad, L.L.C. (BBRR),1 a noncarrier, has filed a verified notice of exemption under 49 CFR 1150.31 to acquire overhead trackage rights over a one-mile rail line owned by Illinois Central Railroad Company (IC) extending between milepost 68.85, at Leescreek, La., and milepost 69.85, at Bogalusa, La., pursuant to an agreement between BBRR and IC. This transaction is related to a concurrently filed verified notice of exemption in Watco Holdings, Inc.— Continuance in Control Exemption— Bogalusa Bayou Railroad, Docket No. FD 35882, wherein Watco Holdings, Inc., seeks Board approval under 49 CFR 1180.2(d)(2) to continue in control of BBRR, upon BBRR’s becoming a Class III rail carrier. BBRR states that the agreement precludes BBRR from interchanging traffic with a third party. As required under 49 CFR 1150.33(h)(1), BBRR has provided additional information concerning the interchange commitment. BBRR has certified that its projected annual revenues as a result of this transaction will not result in BBRR’s becoming a Class II or Class I rail carrier and will not exceed $5 million. This transaction may be consummated on or after December 31, 2014, the effective date of the exemption (30 days after the verified 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 no later than December 24, 2014 1 BBRR is a wholly owned subsidiary of Watco Holdings, Inc. E:\FR\FM\17DEN1.SGM 17DEN1

Agencies

[Federal Register Volume 79, Number 242 (Wednesday, December 17, 2014)]
[Notices]
[Page 75231]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-29550]


-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. FD 35882]


Watco Holdings, Inc.--Continuance in Control Exemption--Bogalusa 
Bayou 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) to continue in 
control of Bogalusa Bayou Railroad, L.L.C. (BBRR), upon BBRR's becoming 
a Class III rail carrier. Watco owns, indirectly, 100 percent of the 
issued and outstanding stock of BBRR, a limited liability company.
    This transaction is related to a concurrently filed verified notice 
of exemption in Bogalusa Bayou Railroad--Acquisition of Trackage Rights 
Exemption Containing Interchange Commitment--Illinois Central Railroad, 
Docket No. FD 35880, wherein BBRR seeks Board approval to acquire 
overhead trackage rights over a one-mile rail line owned by Illinois 
Central Railroad Company extending between milepost 68.85, at 
Leescreek, La., and milepost 69.85, at Bogalusa, La.
    The transaction may be consummated on or after December 31, 2014, 
the effective date of the exemption (30 days after the verified notice 
of exemption was filed).
    Watco currently controls, indirectly, one Class II rail carrier 
that operates in two states and 29 Class III rail carriers that 
collectively operate in 20 states. For a complete list of these rail 
carriers, and the states in which they operate, see Watco's verified 
notice of exemption filed on December 1, 2014. The verified 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 BBRR do 
not connect with any of the rail lines operated by the carriers in the 
Watco corporate family; (2) the transaction 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 December 24, 2014 (at 
least seven days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 35882, 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: December 12, 2014.

    By the Board, Rachel D. Campbell, Director, Office of 
Proceedings.
Brendetta S. Jones,
Clearance Clerk.
[FR Doc. 2014-29550 Filed 12-16-14; 8:45 am]
BILLING CODE 4915-01-P