[Federal Register Volume 59, Number 208 (Friday, October 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-26780]
[Federal Register: October 28, 1994]
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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32594]
Pioneer Railcorp--Continuance in Control Exemption--Vandalia
Railroad Company
Pioneer Railcorp (Pioneer), a noncarrier holding company, has filed
a notice of exemption to acquire control, through stock purchase, of
Vandalia Railroad Company, a class III rail carrier that leases and
operates a former Illinois Central Gulf Railroad line, between milepost
689.83 and milepost 692.54, a distance of 2.71 miles, in Vandalia,
Fayette County, IL.
Pioneer owns and controls six other nonconnecting class III rail
carriers: West Jersey Railroad Co., operating in New Jersey; Fort Smith
Railroad Co., operating in Arkansas; Alabama Railroad Co., operating in
Alabama; Mississippi Central Railroad Co. (formerly Natchez Trace
Railroad), operating in Mississippi and Tennessee; Alabama & Florida
Railway Co., operating in Alabama; and Decatur Junction Railway Co.,
operating in Illinois.1
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\1\ Pioneer's control of these carriers was the subject of a
notice of exemption in Pioneer Railcorp.--Continuance in Control
Exemption--Decatur Terminal Railway Co., Finance Docket No. 32367
(ICC served Oct. 18, 1993). (That decision incorrectly referred to
Decatur Junction Railway Co. as Decatur Terminal Railway Co.)
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Pioneer states that: (1) the properties operated by these carriers
do not connect 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: Donald G. Avery, Slover & Loftus, 1224
Seventeenth Street NW., Washington, DC 20036.
Decided: October 21, 1994.
By the Commission, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Acting Secretary.
[FR Doc. 94-26780 Filed 10-27-94; 8:45 am]
BILLING CODE 7035-01-P
