[Federal Register Volume 59, Number 10 (Friday, January 14, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1015]
[[Page Unknown]]
[Federal Register: January 14, 1994]
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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32439]
Summit View Corp.--Continuance in Control Exemption--The Warren &
Trumbull Railroad Co.
Summit View Corporation (Summit), a noncarrier holding company, has
filed a notice of exemption to continue in control of the Warren &
Trumbull Railroad Company (WTRM), upon WTRM becoming a class III rail
carrier.
WTRM has concurrently filed a notice of exemption in The Warren &
Trumbull Railroad Company--Operation Exemption--Rail Line in Trumbull
County, OH, Finance Docket No. 32438, to operate over 5.28 miles of
rail line under contract with the Mahoning Valley Economic Development
Rail Corporation (EDRC). The parties intend to consummate the
transaction on or soon after the effective date of the exemption.
Summit controls three other nonconnecting class III rail carriers
operating in Ohio: Ohio Central Railroad, Inc., Ohio Southern Railroad,
Inc. and the Youngstown & Austintown Railroad, Inc.
Summit states that: (1) The properties operated by these four
carriers do not connect with each other; (2) the continuance in control
is not a part of a series of transactions that would connect the four
railroads with each other or any other railroad currently controlled by
Summit; 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. 11343. See 49 CFR 1180.2(d)(2).
As a condition to use of this exemption, any employees affected by
the transaction will be protected by the conditions set forth in New
York Dock Ry.--Control--Brooklyn Eastern Dist., 360 I.C.C. 60 (1979).
Petitions to revoke the exemption under 49 U.S.C. 10505(d) may be
filed at any time. The filing of a petition to revoke will not
automatically stay the transaction. Pleadings must be filed by with the
Commission and served on: Kelvin J. Dowd, Esq., Slover & Loftus, 1224
Seventeenth Street, NW., Washington, DC 20036.
Decided: January 7, 1994.
By the Commission, David M. Konschnik, Director, Office of
Proceedings.
Sidney L. Strickland, Jr.,
Secretary.
[FR Doc. 94-1015 Filed 1-13-94; 8:45 am]
BILLING CODE 7035-01-P
