Genesee & Wyoming Inc.-Acquisition of Control Exemption-Providence and Worcester Railroad, 94007-94010 [2016-30843]
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Federal Register / Vol. 81, No. 246 / Thursday, December 22, 2016 / Notices
2681, et seq.; 22 U.S.C. 6501 note, et
seq.), Delegation of Authority No. 234 of
October 1, 1999, Delegation of Authority
No. 236–3 of August 28, 2000 (and, as
appropriate, Delegation of Authority No.
257 of April 15, 2003), I hereby
determine that the objects to be
included in the exhibition ‘‘Wild Noise/
Ruido Salvaje: Artworks from El Museo
Nacional de Bellas Artes, Havana,
Cuba,’’ imported from abroad for
temporary exhibition within the United
States, are of cultural significance. The
objects are imported pursuant to a loan
agreement with the foreign owner or
custodian. I also determine that the
exhibition or display of the exhibit
objects at The Bronx Museum of the
Arts, New York, New York, from on or
about January 28, 2017, until on or
about April 30, 2017, and at possible
additional exhibitions or venues yet to
be determined, is in the national
interest. I have ordered that Public
Notice of these Determinations be
published in the Federal Register.
FOR FURTHER INFORMATION CONTACT: For
further information, including a list of
the imported objects, contact the Office
of Public Diplomacy and Public Affairs
in the Office of the Legal Adviser, U.S.
Department of State (telephone: 202–
632–6471; email: section2459@
state.gov). The mailing address is U.S.
Department of State, L/PD, SA–5, Suite
5H03, Washington, DC 20522–0505.
Mark Taplin,
Principal Deputy Assistant Secretary, Bureau
of Educational and Cultural Affairs,
Department of State.
[FR Doc. 2016–30818 Filed 12–21–16; 8:45 am]
BILLING CODE 4710–05–P
SURFACE TRANSPORTATION BOARD
[Docket No. FD 36064]
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Genesee & Wyoming Inc.—Acquisition
of Control Exemption—Providence and
Worcester Railroad
On September 1, 2016, Genesee &
Wyoming Inc. (GWI), a non-carrier
holding company, filed a petition under
49 U.S.C. 10502 and 49 CFR part 1121
for exemption from the provisions of 49
U.S.C. 11323–24 to allow GWI to
acquire control of Providence and
Worcester Railroad Company (P&W), a
Class III railroad. In a decision served
September 20, 2016, and published in
the Federal Register on September 23,
2016 (81 FR 65,692), the Board provided
notice of GWI’s petition, instituted a
proceeding, and set a reply deadline for
comments on the petition. The Board
received a number of comments in
response to the petition.
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The Board will grant GWI’s petition
for exemption, subject to standard labor
protective conditions and the condition
that GWI will not interfere with the
ability of Springfield Terminal Railway
(Springfield Terminal) to interchange
with CSX Transportation, Inc. (CSXT),
in Worcester, Mass.
Background
GWI is a publicly-traded non-carrier
holding company that currently
controls, through direct or indirect
equity ownership, two Class II carriers
and 106 Class III carriers operating in
the United States. (Pet. 1.) P&W is a
Class III carrier based in Worcester,
Mass., that owns rail lines and
permanent freight easements in
Connecticut, Rhode Island, and
Massachusetts. (Id. at 2.) It also operates
on trackage rights in Connecticut,
Massachusetts, Rhode Island, and New
York. (Id.)
In its petition, GWI states that it seeks
to acquire control of P&W through a
merger between P&W and Pullman
Acquisition Sub Inc., a newly-formed,
wholly-owned non-carrier subsidiary of
GWI.1 (Id.) Upon consummation, P&W
will be the surviving entity and will
become a wholly-owned subsidiary of
GWI. (Id.) P&W connects with several
railroads, including two GWI
subsidiaries: New England Central
Railroad, Inc. (NECR), and Connecticut
Southern Railroad, Inc. (CSO). (Id. at 3.)
GWI states that, although there are some
commonly-served cities and towns,
there are no customers that are served
solely by NECR or CSO, on the one
hand, and P&W, on the other, and that
as such there will be no ‘‘2-to-1
customers’’ as a result of the proposed
transaction. (Id. at 3.) GWI states that it
does not contemplate any material
changes to P&W’s operations,
maintenance, or service. (Id. at 4.)
GWI also states that P&W and NECR
are part of the ‘‘Great Eastern Route’’
strategic alliances. According to GWI,
the Great Eastern alliances furnish P&W
with pricing authority for service with
Canadian National Railway Company
(CN) through an arrangement by which
NECR provides haulage for P&W
between East Alburg, Vt. and
Willimantic, Conn. on certain
contractually-agreed commodities. GWI
states that P&W expanded the Great
1 In its petition, GWI states that it anticipates
closing the transaction in the fourth quarter of 2016.
(Pet. 5.) GWI states that, in the event it does not
have approval from the Board by the time its
closing conditions have been met, it intends to
close the transaction into a voting trust. On October
31, 2016, GWI submitted an executed Voting Trust
Agreement pursuant to 49 CFR 1013.3 for receipt
of the voting stock of P&W.
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Eastern Route by entering into an
additional strategic alliance with
Vermont Rail Systems (VRS), which
furnishes P&W with pricing authority
for service with Canadian Pacific
Railway Limited (CP), through an
arrangement by which VRS and NECR
provide haulage for P&W between
Whitehall, N.Y. and Willimantic, Conn.
on certain contractually-agreed
commodities. (Id. at 3.) GWI states that
its present intention is to keep these
strategic alliances, and the connections
with CN and CP, in place. (Id.)
Discussion and Conclusions
Statutory Analysis
The acquisition of control of a rail
carrier by a person that is not a rail
carrier but that controls any number of
rail carriers requires approval by the
Board pursuant to 49 U.S.C. 11323(a)(5).
Under section 10502(a), however, we
must exempt a transaction or service
from regulation if we find that: (1)
regulation is not necessary to carry out
the rail transportation policy (RTP) of 49
U.S.C. 10101; and (2) either the
transaction or service is limited in
scope, or regulation is not needed to
protect shippers from the abuse of
market power.
In this case, an exemption from the
prior approval requirements of sections
11323–24 is consistent with the
standards of section 10502. Detailed
scrutiny of the proposed transaction
through an application for review and
approval under sections 11323–24 is not
necessary here to carry out the RTP.
Approval of the transaction will result
in a change in ownership of P&W with
no lessening of competition. An
exemption will promote the RTP by
minimizing the need for federal
regulatory control over the transaction,
section 10101(2); ensuring the
development and continuation of a
sound rail transportation system that
will continue to meet the needs of the
public, section 10101(4); fostering
sound economic conditions in
transportation, section 10101(5);
encouraging efficient management,
section 10101(9); and providing for the
expeditious resolution of this
proceeding, section 10101(15). Other
aspects of the RTP will not be adversely
affected.
Nor is detailed scrutiny of the
proposed transactions necessary to
protect shippers from an abuse of
market power. According to GWI, no
shipper will lose any rail options, and
operations will not materially change.
(Pet. 9.) Although P&W connects with
NECR and CSO, GWI states that P&W
also connects directly with a Class I
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Federal Register / Vol. 81, No. 246 / Thursday, December 22, 2016 / Notices
carrier (CSXT) and indirectly with three
other Class I carriers (CP and CN
through the strategic alliances, and with
Norfolk Southern Railway Company
(NSR) through NSR’s affiliate, Pan Am
Southern, LLC). (Id. at 10.) P&W also
connects to Pan Am Railways, Inc., New
York & Atlantic Railway Company, and
Housatonic Railroad Company, Inc., all
regional and shortline railroads. (Id.) In
addition, GWI states that there will be
no 2-to-1 shippers as a result of the
merger. (Id.) Accordingly, based on the
record, the Board finds that this
transaction does not shift or consolidate
market power; therefore, regulation is
not necessary to protect shippers from
the abuse of market power.2
Comments and Conditions
Many of the commenters support the
petition and do not seek any
conditions.3 Other commenters support
the petition but request conditions, or
express general reservations about the
transaction. We address those below.
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Passenger Excursion
Several commenters support the
petition, but ask the Board to condition
granting the petition on GWI’s
involvement in passenger excursions
run by the Blackstone Valley Tourism
Council (BVTC) 4 and/or sought to be
run by the Boston Surface Railroad
Company (BSRC).5 The comments
regarding these passenger services vary,
2 As there is no evidence that regulation is needed
to protect shippers from the abuse of market power,
we do not need to determine whether the
transaction is limited in scope. See 49 U.S.C.
10502(a).
3 Supporting comments were filed by: Allnex
USA Inc.; Atlantic Forest Products; Baldwin
Logistics Group, Inc.; BB&S Treated Lumber of New
England; Can-Am Trading & Logistics, LLC;
Connecticut Department of Transportation;
Cushman Lumbar Company, Inc., CWPM, LLC;
Delaware Express Co.; Dennison Lubricants, Inc.;
Eagle Logistics Group, LLC; Gateway Terminal;
Greater Boston Transload, LLC; Intratransit
Container, Inc.; Kloeckner Metals; Logistec USA;
Mann Distribution LLC; Maple Leaf Distribution
Service, Inc.; Maine Department of Transportation;
New Hampshire Department of Transportation;
Northeast Treaters, Inc.; Resource Recovery, LLC;
Rymes Heating Oil & Propane; Safe Road Services,
LLC; Saltine Warrior, Inc.; Stella-Jones Corporation;
Superior Plastics Extrusion Co. Inc.; T-Branch, LLC;
Tunnel Hill Partners, LP; Univar; Vermont Rail
System; and Vermont Agency of Transportation.
4 The record contains little information about the
BVTC, other than that it conducts a ‘‘Polar Express’’
excursion and serves over 20,000 passengers
annually. (See State Rep. Stephen M. Casey
Comment 1.)
5 BSRC is a privately funded and closely held
company, established to address the growing
demand for quality alternatives to driving for
commuters between tightly coupled metropolitan
markets. BSRC has selected Worcester and
Providence as the first city pair for its pilot
passenger rail program and has been in negotiations
with P&W to host this proposed service. (BSRC
Reply 1.)
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but, generally, the commenters 6 request
that the Board require that GWI
continue servicing BVTC and continue
P&W’s negotiations with BSRC.
GWI states that, in the past, P&W and
BVTC have made arrangements for
service on a year-by-year basis. (GWI
Rebuttal 5.) GWI states that P&W will
fulfill all current agreements with
BVTC, negotiate similar agreements for
2017, and, as P&W has previously done,
review further plans for passenger
excursion service on a year-to-year basis
after that. (Id. at 7.) GWI also states that
there is currently a memorandum of
understanding between BSRC and P&W
that includes a commitment to negotiate
in good faith. (Id. at 5–6.)
The Board will not impose a
condition relating to BVTC or BSRC.
The Board has authorized BSRC to offer
passenger rail service on any rail line
where P&W will allow the service. Bos.
Surface R.R.—Pet. for Partial Exemption
from 49 U.S.C. Subtitle IV, FD 36043
(STB served Sept. 15, 2016). However,
authority from the Board is permissive
only, and in order to exercise that
authority a carrier must obtain the
property or contractual right to do so
under state law, which is not within the
Board’s purview. See Ohio River
Partners LLC—Acquis. Exemption—
Hannibal Dev., LLC, FD 35984, slip op.
at 3 (STB served Apr. 1, 2016). A
condition requiring GWI to negotiate
with BSRC is therefore inappropriate. In
any event, GWI has stated that it will
continue to negotiate in good faith with
BSRC and BVTC. (GWI Rebuttal 7.)
Springfield Terminal
Springfield Terminal filed a comment
regarding its ability to interchange
6 Comments were submitted by: BSRC; the
Honorable Lisa Baldelli-Hunt, Mayor, City of
Woonsocket, Rhode Island; the Honorable Stephen
M. Casey, State Representative, State of Rhode
Island and Providence Plantations; the Honorable
Harriette L. Chandler, State Senator,
Commonwealth of Massachusetts; the Honorable
Marc A. Cote, State Senator, State of Rhode Island
and Providence Plantations; John Eno; the
Honorable James R. Langevin and the Honorable
David N. Cicilline, United States Representatives,
Rhode Island; Massachusetts Bay Railroad
Enthusiasts, Inc.; the Honorable James P.
McGovern, United States Representative,
Massachusetts; the Honorable Michael A. Morin,
State Representative, State of Rhode Island and
Providence Plantations; the Honorable David K.
Muradian, Jr., State Representative, Commonwealth
of Massachusetts; National Association of Railroad
Passengers; the Honorable James J. O’Day, State
Representative, Commonwealth of Massachusetts;
the Honorable Robert D. Phillips, State
Representative, State of Rhode Island and
Providence Plantations; Michael E. Traynor, Chief
Development Officer, City of Worcester,
Massachusetts. BSRC also submitted a letter from
Peter Alviti, Jr., Director of the Rhode Island
Department of Transportation, expressing general
support for BSRC’s passenger rail service.
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traffic with CSXT at Barbers Station in
Worcester, Mass. (Springfield Terminal
Comment 1.) Springfield Terminal states
that GWI has agreed that it will not take
or fail to take action that would
adversely impact Springfield Terminal’s
ability to interchange traffic with CSXT
at Barbers Station. (Id.) Based on this
representation, Springfield Terminal
states that it fully supports the petition.
Springfield Terminal also notes that
GWI agreed to have Board approval
conditioned on GWI’s commitment as
reflected in Springfield Terminal’s
letter, and in its rebuttal GWI confirms
that its commitment can be entered as
a Board-imposed condition. (GWI
Rebuttal 3.) Accordingly, the Board will
impose a condition requiring that GWI
will not take or fail to take any actions
that would adversely impact the ability
of Springfield Terminal to interchange
traffic with CSX Transportation, Inc. at
Barbers Station in Worcester,
Massachusetts in violation of applicable
law or the P&W Grant of Trackage
Rights, as amended, dated June 30,
1989.
Other Concerns
The Massachusetts Department of
Transportation (MassDOT) and
American Rock Salt (ARS) filed
comments expressing reservations
regarding the transaction.
MassDOT states that it takes no
position concerning the competition
aspect of GWI’s petition, but it notes its
interest in P&W continuing its current
high standards of track maintenance
under a GWI regime. It also indicates
that service over a nearby GWI
subsidiary line has deteriorated, leading
to passenger train service disruption.
(MassDOT Comment 1.) MassDOT seeks
GWI’s assurance that the P&W merger
‘‘will not compromise or delay steps
that GWI will need to take going
forward to restore Amtrak service on
another GWI railroad . . . .’’ (Id.)
MassDOT, however, does not
specifically ask the Board to impose any
conditions.
ARS states that it is a shipper that
receives service from several other GWI
subsidiaries. It states that GWI’s growth
over the past 20 years has led to ARS
being captive to GWI’s rate structures,
which impacts its market share.
Although ARS has raised a number of
concerns regarding service from other
GWI subsidiaries, ARS does not ask that
a specific condition be placed on this
transaction. (See generally ARS
Comment.)
While the Board takes seriously the
concerns expressed by MassDOT and
ARS, neither party has suggested a
condition or identified any harm arising
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from the transaction that would
necessitate imposing a condition. The
Board expects, however, that GWI will
work with MassDOT and ARS to help
address any unforeseen service impacts,
should they arise, following the
transaction’s approval.7
Labor
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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. Therefore, the Board will
impose a condition specifying that any
employees adversely affected by this
transaction will be protected by the
conditions set forth in New York Dock
Railway—Control—Brooklyn Eastern
District Terminal (New York Dock), 360
I.C.C. 60 (1979).
GWI, acknowledging that New York
Dock applies, seeks Board confirmation
that it need not commence negotiations
or consummate implementing
agreements prior to the consummation
of the transaction with P&W. (Pet. 10–
11.) The Transportation
Communications Union/IAM, AFL–CIO
(TCU/IAM) and the Transportation
Division of the International Association
of Sheet Metal, Air, Rail and
Transportation Workers (SMART–TD)
submitted comments disagreeing with
GWI’s position, arguing that GWI must
give notice and negotiate an
implementing agreement prior to
consummation of the transaction. (See
TCU/IAM Comment 3, 5–6; SMART–TD
Comment 3–5.)
New York Dock requires a railroad to
give notice of ‘‘proposed changes to be
effected by [a] transaction’’ when a
railroad is ‘‘contemplating a change or
changes in its operations, services,
facilities, or equipment as a result of a
transaction’’ that may affect employees.
360 I.C.C. at 77. The requirement under
New York Dock to provide such notice
presumes, however, that the carrier is
capable of making a ‘‘full and adequate
statement’’ of the expected labor
changes before the transaction is
consummated. Norfolk S. Ry—Joint
Control & Operating/Pooling
Agreements—Pan Am S. LLC (Pan Am
S.), FD 35147, slip op. at 16–17 (STB
served Mar. 10, 2009) (‘‘Because we see
no basis for negotiation of an
implementing agreement until
7 The Board reminds interested parties that they
may contact the Board’s Rail Customer and Public
Assistance Program (RCPA) if they believe a rail
carrier is not providing adequate service. The RCPA
Program provides informal assistance on a wide
range of matters, including informal dispute
resolution through mediation. The RCPA may be
reached at (866) 254–1792; faxing to (202) 245–
0461; or by email at rcpa@stb.gov.
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Applicants decide to implement labor
changes that are related to the
Transaction, we will not require that
Applicants commence negotiations
now.’’).
In its petition, GWI states that it has
not yet determined whether or which
employees may be adversely affected,
but acknowledges that it will be
required to give 90-days’ notice, and
negotiate, before making changes in
operations, services, facilities, or
equipment. (Pet. 11.) Further, in its
rebuttal,
Environmental and Historical Reporting
GWI specifically confirms that postclosing, P&W does not intend to terminate or
displace any P&W covered employees as a
result of the proposed transaction. P&W will
continue to honor all current [collective
bargaining agreements (CBAs)], and to
negotiate all expired CBAs in good faith. For
the foreseeable future, there will be no
adverse effect on P&W covered employees
because work will continue to be performed
under existing CBAs by the same P&W
covered employees who are currently
performing the work.
GWI requests expedited action on its
petition for exemption. (Pet. 12; see
generally GWI Letter, Dec. 7, 2016.) It
seeks action on or before the date P&W
shareholder approval is obtained, and in
the event that such approval is not
obtained before shareholder approval,
expedited action to avoid a prolonged
period of interim control of operations
via a voting trust. Based on the record,
the Board finds GWI’s request to be
reasonable. Accordingly, our grant of
the exemption will be effective
immediately.
It is ordered:
1. Under 49 U.S.C. 10502, the Board
exempts GWI’s acquisition of control of
P&W from the prior approval
requirements of sections 11323–24
subject to the employee protective
conditions in New York Dock Railway—
Control—Brooklyn Eastern District
Terminal, 360 I.C.C. 60 (1979).
2. The exemption is further
conditioned on GWI’s assurance that it
will not take or fail to take any actions
that would adversely impact the ability
of Springfield Terminal to interchange
traffic with CSX Transportation, Inc. at
Barbers Station in Worcester,
Massachusetts in violation of applicable
law or the P&W Grant of Trackage
Rights, as amended, dated June 30,
1989.
3. Notice will be published in the
Federal Register.
4. This exemption will be effective
December 16, 2016.
(GWI Rebuttal 9).
The Board will hold GWI to the
representations regarding labor
protection that it has made on the
record in this proceeding. Accordingly,
GWI will be required to proceed in good
faith under the notification and
negotiation provision of Article I,
section 4 of the New York Dock
conditions before implementing
employment changes but it need not
commence those negotiations until it is
capable of making a full and adequate
statement of the expected changes. See
Pan Am S., FD 35147, slip op. at 16–17.8
8 TCU/IAM and SMART–TD cite other cases in
support of their position that New York Dock
negotiations must occur prior to the consummation
of a consolidation transaction. The Board, however,
finds these cases unpersuasive. First, TCU/IAM
cites Norfolk Southern Railway—Acquisition &
Operation—Certain Rail Lines of the Delaware &
Hudson Railway (Delaware & Hudson), FD 35873
(STB served May 15, 2015). (TCU/IAM Comment 2.)
The labor discussions in Delaware & Hudson,
however, focus almost entirely on how to categorize
the underlying transaction and what level of labor
protection applies. Delaware & Hudson, FD 35873,
slip op. at 28 (STB served May 15, 2015). Here,
there is no dispute that New York Dock protections
apply (see Pet.; TCU/IAM Comment; SMART–TD
Comment). Thus, Delaware & Hudson is inapposite.
Next, SMART–TD points to R.J. Corman
Railroad/Memphis Line—Acquisition—CSX
Transportation Line Between Warwick &
Uhrichville, FD 31388 (ICC served Mar. 2, 1989).
(SMART–TD Comment 3.) In that case, however,
CSXT acknowledged that some of its employees
would be adversely affected, which is not the case
here. R.J. Corman R.R., slip op. at 2.
SMART–TD also challenges GWI’s reliance on
Atlantic Richfield Co. & Anaconda Co.—Control—
Butte, Anaconda & Pacific Railway & Tooele Valley
Railroad, 5 I.C.C. 2d 934 (1989), and Mid Michigan
Railroad—Lease & Operation Exemption—Missouri
Pacific Railroad, FD 31646 (ICC served Aug. 17,
1990), though neither case is cited by GWI.
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This transaction is categorically
excluded from environmental review
under 49 CFR 1105.6(c)(2)(i) because it
will not result in any significant change
in carrier operations. Similarly, the
transaction is exempt from the historic
reporting requirements under 49 CFR
1105.8(b)(3) because it will not
substantially change the level of
maintenance of railroad properties.
Expedited Action
(SMART–TD Comment 4.) Atlantic Richfield states
that minimum New York Dock protections are
warranted even when assurances are made that
there will be no adverse effects to employees.
Atlantic Richfield, 5 I.C.C. 2d at 942 n.9. Here,
however, GWI is not suggesting that the New York
Dock requirements do not apply. Finally, Mid
Michigan examines the differing requirements
between New York Dock and New York Dock as
modified by Wilmington Terminal Railroad—
Purchase & Lease—CSX Transportation, Inc., 6
I.C.C. 2d 799 (1990), a discussion not at issue here.
See generally Mid Michigan, FD 31646.
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Federal Register / Vol. 81, No. 246 / Thursday, December 22, 2016 / Notices
By the Board, Chairman Elliott, Vice
Chairman Miller, and Commissioner
Begeman.
Tammy Lowery,
Clearance Clerk.
[FR Doc. 2016–30843 Filed 12–21–16; 8:45 am]
BILLING CODE 4915–01–P
SURFACE TRANSPORTATION BOARD
[Docket No. EP 290 (Sub-No. 5) (2017–1)]
Quarterly Rail Cost Adjustment Factor
Surface Transportation Board.
Approval of rail cost adjustment
AGENCY:
ACTION:
factor.
The Board approves the first
quarter 2017 Rail Cost Adjustment
Factor (RCAF) and cost index filed by
the Association of American Railroads.
The first quarter 2017 RCAF
(Unadjusted) is 0.888. The first quarter
2017 RCAF (Adjusted) is 0.373. The first
quarter 2017 RCAF–5 is 0.353.
DATES: Effective Date: January 1, 2017.
FOR FURTHER INFORMATION CONTACT:
Pedro Ramirez, (202) 245–0333. Federal
Information Relay Service (FIRS) for the
hearing impaired: (800) 877–8339.
SUPPLEMENTARY INFORMATION:
Additional information is contained in
the Board’s decision, which is available
on our Web site, https://www.stb.gov.
Copies of the decision may be
purchased by contacting the Office of
Public Assistance, Governmental
Affairs, and Compliance at (202) 245–
0238. Assistance for the hearing
impaired is available through FIRS at
(800) 877–8339.
This action is categorically excluded
from environmental review under 49
CFR 1105.6(c).
SUMMARY:
Decided: December 19, 2016.
By the Board, Chairman Elliott, Vice
Chairman Miller, and Commissioner
Begeman.
Marline Simeon,
Clearance Clerk.
[FR Doc. 2016–30867 Filed 12–21–16; 8:45 am]
BILLING CODE 4915–01–P
OFFICE OF THE UNITED STATES
TRADE REPRESENTATIVE
sradovich on DSK3GMQ082PROD with NOTICES
[Docket Number USTR–2016–0028]
Privacy Act of 1974; System of
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Office of the United States
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ACTION: Notice of new, modified and
rescinded systems of records and
request for comments.
AGENCY:
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As part of a comprehensive
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E:\FR\FM\22DEN1.SGM
22DEN1
Agencies
[Federal Register Volume 81, Number 246 (Thursday, December 22, 2016)]
[Notices]
[Pages 94007-94010]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-30843]
=======================================================================
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SURFACE TRANSPORTATION BOARD
[Docket No. FD 36064]
Genesee & Wyoming Inc.--Acquisition of Control Exemption--
Providence and Worcester Railroad
On September 1, 2016, Genesee & Wyoming Inc. (GWI), a non-carrier
holding company, filed a petition under 49 U.S.C. 10502 and 49 CFR part
1121 for exemption from the provisions of 49 U.S.C. 11323-24 to allow
GWI to acquire control of Providence and Worcester Railroad Company
(P&W), a Class III railroad. In a decision served September 20, 2016,
and published in the Federal Register on September 23, 2016 (81 FR
65,692), the Board provided notice of GWI's petition, instituted a
proceeding, and set a reply deadline for comments on the petition. The
Board received a number of comments in response to the petition.
The Board will grant GWI's petition for exemption, subject to
standard labor protective conditions and the condition that GWI will
not interfere with the ability of Springfield Terminal Railway
(Springfield Terminal) to interchange with CSX Transportation, Inc.
(CSXT), in Worcester, Mass.
Background
GWI is a publicly-traded non-carrier holding company that currently
controls, through direct or indirect equity ownership, two Class II
carriers and 106 Class III carriers operating in the United States.
(Pet. 1.) P&W is a Class III carrier based in Worcester, Mass., that
owns rail lines and permanent freight easements in Connecticut, Rhode
Island, and Massachusetts. (Id. at 2.) It also operates on trackage
rights in Connecticut, Massachusetts, Rhode Island, and New York. (Id.)
In its petition, GWI states that it seeks to acquire control of P&W
through a merger between P&W and Pullman Acquisition Sub Inc., a newly-
formed, wholly-owned non-carrier subsidiary of GWI.\1\ (Id.) Upon
consummation, P&W will be the surviving entity and will become a
wholly-owned subsidiary of GWI. (Id.) P&W connects with several
railroads, including two GWI subsidiaries: New England Central
Railroad, Inc. (NECR), and Connecticut Southern Railroad, Inc. (CSO).
(Id. at 3.) GWI states that, although there are some commonly-served
cities and towns, there are no customers that are served solely by NECR
or CSO, on the one hand, and P&W, on the other, and that as such there
will be no ``2-to-1 customers'' as a result of the proposed
transaction. (Id. at 3.) GWI states that it does not contemplate any
material changes to P&W's operations, maintenance, or service. (Id. at
4.)
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\1\ In its petition, GWI states that it anticipates closing the
transaction in the fourth quarter of 2016. (Pet. 5.) GWI states
that, in the event it does not have approval from the Board by the
time its closing conditions have been met, it intends to close the
transaction into a voting trust. On October 31, 2016, GWI submitted
an executed Voting Trust Agreement pursuant to 49 CFR 1013.3 for
receipt of the voting stock of P&W.
---------------------------------------------------------------------------
GWI also states that P&W and NECR are part of the ``Great Eastern
Route'' strategic alliances. According to GWI, the Great Eastern
alliances furnish P&W with pricing authority for service with Canadian
National Railway Company (CN) through an arrangement by which NECR
provides haulage for P&W between East Alburg, Vt. and Willimantic,
Conn. on certain contractually-agreed commodities. GWI states that P&W
expanded the Great Eastern Route by entering into an additional
strategic alliance with Vermont Rail Systems (VRS), which furnishes P&W
with pricing authority for service with Canadian Pacific Railway
Limited (CP), through an arrangement by which VRS and NECR provide
haulage for P&W between Whitehall, N.Y. and Willimantic, Conn. on
certain contractually-agreed commodities. (Id. at 3.) GWI states that
its present intention is to keep these strategic alliances, and the
connections with CN and CP, in place. (Id.)
Discussion and Conclusions
Statutory Analysis
The acquisition of control of a rail carrier by a person that is
not a rail carrier but that controls any number of rail carriers
requires approval by the Board pursuant to 49 U.S.C. 11323(a)(5). Under
section 10502(a), however, we must exempt a transaction or service from
regulation if we find that: (1) regulation is not necessary to carry
out the rail transportation policy (RTP) of 49 U.S.C. 10101; and (2)
either the transaction or service is limited in scope, or regulation is
not needed to protect shippers from the abuse of market power.
In this case, an exemption from the prior approval requirements of
sections 11323-24 is consistent with the standards of section 10502.
Detailed scrutiny of the proposed transaction through an application
for review and approval under sections 11323-24 is not necessary here
to carry out the RTP. Approval of the transaction will result in a
change in ownership of P&W with no lessening of competition. An
exemption will promote the RTP by minimizing the need for federal
regulatory control over the transaction, section 10101(2); ensuring the
development and continuation of a sound rail transportation system that
will continue to meet the needs of the public, section 10101(4);
fostering sound economic conditions in transportation, section
10101(5); encouraging efficient management, section 10101(9); and
providing for the expeditious resolution of this proceeding, section
10101(15). Other aspects of the RTP will not be adversely affected.
Nor is detailed scrutiny of the proposed transactions necessary to
protect shippers from an abuse of market power. According to GWI, no
shipper will lose any rail options, and operations will not materially
change. (Pet. 9.) Although P&W connects with NECR and CSO, GWI states
that P&W also connects directly with a Class I
[[Page 94008]]
carrier (CSXT) and indirectly with three other Class I carriers (CP and
CN through the strategic alliances, and with Norfolk Southern Railway
Company (NSR) through NSR's affiliate, Pan Am Southern, LLC). (Id. at
10.) P&W also connects to Pan Am Railways, Inc., New York & Atlantic
Railway Company, and Housatonic Railroad Company, Inc., all regional
and shortline railroads. (Id.) In addition, GWI states that there will
be no 2-to-1 shippers as a result of the merger. (Id.) Accordingly,
based on the record, the Board finds that this transaction does not
shift or consolidate market power; therefore, regulation is not
necessary to protect shippers from the abuse of market power.\2\
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\2\ As there is no evidence that regulation is needed to protect
shippers from the abuse of market power, we do not need to determine
whether the transaction is limited in scope. See 49 U.S.C. 10502(a).
---------------------------------------------------------------------------
Comments and Conditions
Many of the commenters support the petition and do not seek any
conditions.\3\ Other commenters support the petition but request
conditions, or express general reservations about the transaction. We
address those below.
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\3\ Supporting comments were filed by: Allnex USA Inc.; Atlantic
Forest Products; Baldwin Logistics Group, Inc.; BB&S Treated Lumber
of New England; Can-Am Trading & Logistics, LLC; Connecticut
Department of Transportation; Cushman Lumbar Company, Inc., CWPM,
LLC; Delaware Express Co.; Dennison Lubricants, Inc.; Eagle
Logistics Group, LLC; Gateway Terminal; Greater Boston Transload,
LLC; Intratransit Container, Inc.; Kloeckner Metals; Logistec USA;
Mann Distribution LLC; Maple Leaf Distribution Service, Inc.; Maine
Department of Transportation; New Hampshire Department of
Transportation; Northeast Treaters, Inc.; Resource Recovery, LLC;
Rymes Heating Oil & Propane; Safe Road Services, LLC; Saltine
Warrior, Inc.; Stella-Jones Corporation; Superior Plastics Extrusion
Co. Inc.; T-Branch, LLC; Tunnel Hill Partners, LP; Univar; Vermont
Rail System; and Vermont Agency of Transportation.
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Passenger Excursion
Several commenters support the petition, but ask the Board to
condition granting the petition on GWI's involvement in passenger
excursions run by the Blackstone Valley Tourism Council (BVTC) \4\ and/
or sought to be run by the Boston Surface Railroad Company (BSRC).\5\
The comments regarding these passenger services vary, but, generally,
the commenters \6\ request that the Board require that GWI continue
servicing BVTC and continue P&W's negotiations with BSRC.
---------------------------------------------------------------------------
\4\ The record contains little information about the BVTC, other
than that it conducts a ``Polar Express'' excursion and serves over
20,000 passengers annually. (See State Rep. Stephen M. Casey Comment
1.)
\5\ BSRC is a privately funded and closely held company,
established to address the growing demand for quality alternatives
to driving for commuters between tightly coupled metropolitan
markets. BSRC has selected Worcester and Providence as the first
city pair for its pilot passenger rail program and has been in
negotiations with P&W to host this proposed service. (BSRC Reply 1.)
\6\ Comments were submitted by: BSRC; the Honorable Lisa
Baldelli-Hunt, Mayor, City of Woonsocket, Rhode Island; the
Honorable Stephen M. Casey, State Representative, State of Rhode
Island and Providence Plantations; the Honorable Harriette L.
Chandler, State Senator, Commonwealth of Massachusetts; the
Honorable Marc A. Cote, State Senator, State of Rhode Island and
Providence Plantations; John Eno; the Honorable James R. Langevin
and the Honorable David N. Cicilline, United States Representatives,
Rhode Island; Massachusetts Bay Railroad Enthusiasts, Inc.; the
Honorable James P. McGovern, United States Representative,
Massachusetts; the Honorable Michael A. Morin, State Representative,
State of Rhode Island and Providence Plantations; the Honorable
David K. Muradian, Jr., State Representative, Commonwealth of
Massachusetts; National Association of Railroad Passengers; the
Honorable James J. O'Day, State Representative, Commonwealth of
Massachusetts; the Honorable Robert D. Phillips, State
Representative, State of Rhode Island and Providence Plantations;
Michael E. Traynor, Chief Development Officer, City of Worcester,
Massachusetts. BSRC also submitted a letter from Peter Alviti, Jr.,
Director of the Rhode Island Department of Transportation,
expressing general support for BSRC's passenger rail service.
---------------------------------------------------------------------------
GWI states that, in the past, P&W and BVTC have made arrangements
for service on a year-by-year basis. (GWI Rebuttal 5.) GWI states that
P&W will fulfill all current agreements with BVTC, negotiate similar
agreements for 2017, and, as P&W has previously done, review further
plans for passenger excursion service on a year-to-year basis after
that. (Id. at 7.) GWI also states that there is currently a memorandum
of understanding between BSRC and P&W that includes a commitment to
negotiate in good faith. (Id. at 5-6.)
The Board will not impose a condition relating to BVTC or BSRC. The
Board has authorized BSRC to offer passenger rail service on any rail
line where P&W will allow the service. Bos. Surface R.R.--Pet. for
Partial Exemption from 49 U.S.C. Subtitle IV, FD 36043 (STB served
Sept. 15, 2016). However, authority from the Board is permissive only,
and in order to exercise that authority a carrier must obtain the
property or contractual right to do so under state law, which is not
within the Board's purview. See Ohio River Partners LLC--Acquis.
Exemption--Hannibal Dev., LLC, FD 35984, slip op. at 3 (STB served Apr.
1, 2016). A condition requiring GWI to negotiate with BSRC is therefore
inappropriate. In any event, GWI has stated that it will continue to
negotiate in good faith with BSRC and BVTC. (GWI Rebuttal 7.)
Springfield Terminal
Springfield Terminal filed a comment regarding its ability to
interchange traffic with CSXT at Barbers Station in Worcester, Mass.
(Springfield Terminal Comment 1.) Springfield Terminal states that GWI
has agreed that it will not take or fail to take action that would
adversely impact Springfield Terminal's ability to interchange traffic
with CSXT at Barbers Station. (Id.) Based on this representation,
Springfield Terminal states that it fully supports the petition.
Springfield Terminal also notes that GWI agreed to have Board
approval conditioned on GWI's commitment as reflected in Springfield
Terminal's letter, and in its rebuttal GWI confirms that its commitment
can be entered as a Board-imposed condition. (GWI Rebuttal 3.)
Accordingly, the Board will impose a condition requiring that GWI will
not take or fail to take any actions that would adversely impact the
ability of Springfield Terminal to interchange traffic with CSX
Transportation, Inc. at Barbers Station in Worcester, Massachusetts in
violation of applicable law or the P&W Grant of Trackage Rights, as
amended, dated June 30, 1989.
Other Concerns
The Massachusetts Department of Transportation (MassDOT) and
American Rock Salt (ARS) filed comments expressing reservations
regarding the transaction.
MassDOT states that it takes no position concerning the competition
aspect of GWI's petition, but it notes its interest in P&W continuing
its current high standards of track maintenance under a GWI regime. It
also indicates that service over a nearby GWI subsidiary line has
deteriorated, leading to passenger train service disruption. (MassDOT
Comment 1.) MassDOT seeks GWI's assurance that the P&W merger ``will
not compromise or delay steps that GWI will need to take going forward
to restore Amtrak service on another GWI railroad . . . .'' (Id.)
MassDOT, however, does not specifically ask the Board to impose any
conditions.
ARS states that it is a shipper that receives service from several
other GWI subsidiaries. It states that GWI's growth over the past 20
years has led to ARS being captive to GWI's rate structures, which
impacts its market share. Although ARS has raised a number of concerns
regarding service from other GWI subsidiaries, ARS does not ask that a
specific condition be placed on this transaction. (See generally ARS
Comment.)
While the Board takes seriously the concerns expressed by MassDOT
and ARS, neither party has suggested a condition or identified any harm
arising
[[Page 94009]]
from the transaction that would necessitate imposing a condition. The
Board expects, however, that GWI will work with MassDOT and ARS to help
address any unforeseen service impacts, should they arise, following
the transaction's approval.\7\
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\7\ The Board reminds interested parties that they may contact
the Board's Rail Customer and Public Assistance Program (RCPA) if
they believe a rail carrier is not providing adequate service. The
RCPA Program provides informal assistance on a wide range of
matters, including informal dispute resolution through mediation.
The RCPA may be reached at (866) 254-1792; faxing to (202) 245-0461;
or by email at rcpa@stb.gov.
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Labor
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. Therefore, the Board will
impose a condition specifying that any employees adversely affected by
this transaction will be protected by the conditions set forth in New
York Dock Railway--Control--Brooklyn Eastern District Terminal (New
York Dock), 360 I.C.C. 60 (1979).
GWI, acknowledging that New York Dock applies, seeks Board
confirmation that it need not commence negotiations or consummate
implementing agreements prior to the consummation of the transaction
with P&W. (Pet. 10-11.) The Transportation Communications Union/IAM,
AFL-CIO (TCU/IAM) and the Transportation Division of the International
Association of Sheet Metal, Air, Rail and Transportation Workers
(SMART-TD) submitted comments disagreeing with GWI's position, arguing
that GWI must give notice and negotiate an implementing agreement prior
to consummation of the transaction. (See TCU/IAM Comment 3, 5-6; SMART-
TD Comment 3-5.)
New York Dock requires a railroad to give notice of ``proposed
changes to be effected by [a] transaction'' when a railroad is
``contemplating a change or changes in its operations, services,
facilities, or equipment as a result of a transaction'' that may affect
employees. 360 I.C.C. at 77. The requirement under New York Dock to
provide such notice presumes, however, that the carrier is capable of
making a ``full and adequate statement'' of the expected labor changes
before the transaction is consummated. Norfolk S. Ry--Joint Control &
Operating/Pooling Agreements--Pan Am S. LLC (Pan Am S.), FD 35147, slip
op. at 16-17 (STB served Mar. 10, 2009) (``Because we see no basis for
negotiation of an implementing agreement until Applicants decide to
implement labor changes that are related to the Transaction, we will
not require that Applicants commence negotiations now.'').
In its petition, GWI states that it has not yet determined whether
or which employees may be adversely affected, but acknowledges that it
will be required to give 90-days' notice, and negotiate, before making
changes in operations, services, facilities, or equipment. (Pet. 11.)
Further, in its rebuttal,
GWI specifically confirms that post-closing, P&W does not intend
to terminate or displace any P&W covered employees as a result of
the proposed transaction. P&W will continue to honor all current
[collective bargaining agreements (CBAs)], and to negotiate all
expired CBAs in good faith. For the foreseeable future, there will
be no adverse effect on P&W covered employees because work will
continue to be performed under existing CBAs by the same P&W covered
employees who are currently performing the work.
(GWI Rebuttal 9).
The Board will hold GWI to the representations regarding labor
protection that it has made on the record in this proceeding.
Accordingly, GWI will be required to proceed in good faith under the
notification and negotiation provision of Article I, section 4 of the
New York Dock conditions before implementing employment changes but it
need not commence those negotiations until it is capable of making a
full and adequate statement of the expected changes. See Pan Am S., FD
35147, slip op. at 16-17.\8\
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\8\ TCU/IAM and SMART-TD cite other cases in support of their
position that New York Dock negotiations must occur prior to the
consummation of a consolidation transaction. The Board, however,
finds these cases unpersuasive. First, TCU/IAM cites Norfolk
Southern Railway--Acquisition & Operation--Certain Rail Lines of the
Delaware & Hudson Railway (Delaware & Hudson), FD 35873 (STB served
May 15, 2015). (TCU/IAM Comment 2.) The labor discussions in
Delaware & Hudson, however, focus almost entirely on how to
categorize the underlying transaction and what level of labor
protection applies. Delaware & Hudson, FD 35873, slip op. at 28 (STB
served May 15, 2015). Here, there is no dispute that New York Dock
protections apply (see Pet.; TCU/IAM Comment; SMART-TD Comment).
Thus, Delaware & Hudson is inapposite.
Next, SMART-TD points to R.J. Corman Railroad/Memphis Line--
Acquisition--CSX Transportation Line Between Warwick & Uhrichville,
FD 31388 (ICC served Mar. 2, 1989). (SMART-TD Comment 3.) In that
case, however, CSXT acknowledged that some of its employees would be
adversely affected, which is not the case here. R.J. Corman R.R.,
slip op. at 2.
SMART-TD also challenges GWI's reliance on Atlantic Richfield
Co. & Anaconda Co.--Control--Butte, Anaconda & Pacific Railway &
Tooele Valley Railroad, 5 I.C.C. 2d 934 (1989), and Mid Michigan
Railroad--Lease & Operation Exemption--Missouri Pacific Railroad, FD
31646 (ICC served Aug. 17, 1990), though neither case is cited by
GWI. (SMART-TD Comment 4.) Atlantic Richfield states that minimum
New York Dock protections are warranted even when assurances are
made that there will be no adverse effects to employees. Atlantic
Richfield, 5 I.C.C. 2d at 942 n.9. Here, however, GWI is not
suggesting that the New York Dock requirements do not apply.
Finally, Mid Michigan examines the differing requirements between
New York Dock and New York Dock as modified by Wilmington Terminal
Railroad--Purchase & Lease--CSX Transportation, Inc., 6 I.C.C. 2d
799 (1990), a discussion not at issue here. See generally Mid
Michigan, FD 31646.
---------------------------------------------------------------------------
Environmental and Historical Reporting
This transaction is categorically excluded from environmental
review under 49 CFR 1105.6(c)(2)(i) because it will not result in any
significant change in carrier operations. Similarly, the transaction is
exempt from the historic reporting requirements under 49 CFR
1105.8(b)(3) because it will not substantially change the level of
maintenance of railroad properties.
Expedited Action
GWI requests expedited action on its petition for exemption. (Pet.
12; see generally GWI Letter, Dec. 7, 2016.) It seeks action on or
before the date P&W shareholder approval is obtained, and in the event
that such approval is not obtained before shareholder approval,
expedited action to avoid a prolonged period of interim control of
operations via a voting trust. Based on the record, the Board finds
GWI's request to be reasonable. Accordingly, our grant of the exemption
will be effective immediately.
It is ordered:
1. Under 49 U.S.C. 10502, the Board exempts GWI's acquisition of
control of P&W from the prior approval requirements of sections 11323-
24 subject to the employee protective conditions in New York Dock
Railway--Control--Brooklyn Eastern District Terminal, 360 I.C.C. 60
(1979).
2. The exemption is further conditioned on GWI's assurance that it
will not take or fail to take any actions that would adversely impact
the ability of Springfield Terminal to interchange traffic with CSX
Transportation, Inc. at Barbers Station in Worcester, Massachusetts in
violation of applicable law or the P&W Grant of Trackage Rights, as
amended, dated June 30, 1989.
3. Notice will be published in the Federal Register.
4. This exemption will be effective December 16, 2016.
[[Page 94010]]
By the Board, Chairman Elliott, Vice Chairman Miller, and
Commissioner Begeman.
Tammy Lowery,
Clearance Clerk.
[FR Doc. 2016-30843 Filed 12-21-16; 8:45 am]
BILLING CODE 4915-01-P