95-26164. Russell A. PetersonContinuance in Control ExemptionGulf Coast Rail Service, Inc., d/b/a Orange Port Terminal Railway

[Federal Register Volume 60, Number 203 (Friday, October 20, 1995)]
[Notices]
[Page 54253]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26164]



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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32782]


Russell A. Peterson--Continuance in Control Exemption--Gulf Coast 
Rail Service, Inc., d/b/a Orange Port Terminal Railway

    Russell A. Peterson (Peterson) has filed a notice of exemption to 
continue in control of Gulf Coast Rail Service, Inc. d/b/a Orange Port 
Terminal Railway (OPTR), upon OPTR becoming a rail carrier.
    OPTR has concurrently filed a notice of exemption in Finance Docket 
No. 32782, Gulf Coast Rail Service, Inc., d/b/a Orange Port Terminal 
Railway, to acquire and operate approximately 1.834 miles of line from 
Southern Pacific Transportation Company, known as the Old City Lead 
Track in Orange County, TX.
    Peterson also controls through stock ownership, two nonconnecting 
class III rail carriers: Southwest Pennsylvania Railroad Company and 
Camp Chase Industrial Railroad Corporation. Peterson indicates that: 
the properties operated by these carriers do not connect with each 
other; (2) the continuance in control is not a part of a series of 
anticipated transactions that would connect the railroads with each 
other or any other railroad in their corporate family; and (3) the 
transaction does not involve a class I carrier. The transaction 
therefore 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 with the 
Commission and served on: Keith G. O'Brien, 1920 N Street, NW, Suite 
420, Washington DC 20036.

    Decided: October 10, 1995.

    By the Commission, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 95-26164 Filed 10-19-95; 8:45 am]
BILLING CODE 7035-01-P