[Federal Register Volume 60, Number 248 (Wednesday, December 27, 1995)]
[Notices]
[Page 66988]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31321]
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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32795]
Plainview Terminal Company; Purchase and Operation Exemption;
Floydada and Plainview Railroad Company
The Plainview Terminal Company (PTC) has filed a notice of
exemption to acquire the operating rights of Floydada and Plainview
Railroad Company to provide local switching service on an approximately
4.6-mile line of railroad owned by The Atchison, Topeka and Santa Fe
Railway Company (ATSF) between Plainview Subdivision milepost 627 plus
1791.7 feet at Plainview, TX (Santa Fe Railway Connection), and
Floydada Subdivision milepost 4 plus 3160 feet at Plainview, TX. The
proposed transaction was expected to be consummated on October 25,
1995. PTC certified that its projected revenues do not exceed those
that would qualify it as a class III carrier.
PTC owns no railroad lines and conducts no rail operations subject
to the Commission's jurisdiction. RailAmerica, Inc. (RAI) owns 100% of
PTC's stock. RAI owns or controls six other class III shortline
railroads.
This transaction is related to a notice of exemption filed in
RailAmerica, Inc.--Continuance in Control Exemption--West Texas and
Lubbock Railroad Company, Inc. and Plainview Terminal Company, Finance
Docket No. 32797, for RAI to continue in control of PTC and West Texas
and Lubbock Railroad Company (WTLR) and five other class III railroads
upon PTC and WTLR becoming class III rail carriers.
Any comments must be filed with the Commission 1 and served
on: Robert A. Wimbish, Rea, Cross and Auchinclass, 1920 N. Street, NW,
Suite 420, Washington, DC 20036.
\1\ Legislation to sunset the Commission on December 31, 1995,
and transfer remaining functions is now under consideration in
Congress. Until further notice, parties submitting pleadings should
continue to use the current name and address.
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This notice is filed under 49 CFR 1150.31. If the notice contains
false or misleading information, the exemption is void ab initio.
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.
Decided: December 19, 1995.
By the Commission, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams, Secretary.
[FR Doc. 95-31321 Filed 12-26-95; 8:45 am]
BILLING CODE 7035-01-P
