[Federal Register Volume 63, Number 17 (Tuesday, January 27, 1998)]
[Notices]
[Page 3945]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1911]
[[Page 3945]]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 33537]
GRC Holdings Corporation--Acquisition Exemption--Union Pacific
Railroad Company
GRC Holdings Corporation (GRCH), a noncarrier, has filed a verified
notice of exemption under 49 CFR 1150.31 to acquire from Union Pacific
Railroad Company (UP) a 244.5-mile line of railroad between Vigus, MO
(milepost 19.0), and Pleasant Hill, MO (milepost 263.5). GRCH intends
immediately to convey to Missouri Central Railroad Company (MCRR) the
assets necessary to conduct railroad operations over the line.
The earliest date possible for consummation of the transaction is
March 17, 1998, 60 days after GRCH certified that it posted the
required notice at the affected employees' workplace and served notice
of the transaction, as required, on the national offices of the labor
unions with employees on the affected line.
This transaction is related to STB Finance Docket No. 33508,
Missouri Central Railroad Company--Acquisition and Operation
Exemption--Lines of Union Pacific Railroad Company, wherein MCRR has
filed a verified notice of exemption to acquire: (1) the above-noted
railroad assets from GRCH, and (2) specified incidental trackage rights
directly from UP.
This notice is filed under 49 CFR 1150.31. If the notice contains
false or misleading information, the exemption is void ab
initio.1 A petition 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 transaction.
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\1\ A petition to reject the notice has been filed. The Board
will address that petition in a subsequent decision.
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An original and 10 copies of all pleadings, referring to STB
Finance Docket No. 33537, must be filed with the Surface Transportation
Board, Office of the Secretary, Case Control Unit, 1925 K Street, N.W.,
Washington, DC 20423-0001. In addition, a copy of each pleading must be
served on David C. Reeves, 1300 I Street, N.W., Suite 500 East,
Washington, DC 20005-3314.2
\2\ There currently is a large service list in the related
proceeding in STB Finance Docket No. 33508 because over 300
individuals representing themselves have filed letters opposing the
transaction. In response to a request by joint petitioners, The
Cities of Lee's Summit, MO, and Raytown, MO, and to relieve all
parties of unnecessary burdens, the Board will place the individuals
who reside in Lee's Summit or Raytown into ``advise of all
proceedings'' status rather than ``party of record'' status. It will
not be necessary to serve copies of pleadings on these individuals,
but the Board will expect the joint petitioners to keep them fully
informed so that they can participate in proceedings before the
Board should they desire to do so.
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Decided: January 20, 1998.
By the Board, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 98-1911 Filed 1-26-98; 8:45 am]
BILLING CODE 4915-00-P
