[Federal Register Volume 63, Number 45 (Monday, March 9, 1998)]
[Notices]
[Page 11474]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-5823]
-----------------------------------------------------------------------
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 33560]
Norfolk Southern Railway Company--Corporate Family Exemption--
Lease and Operation of Mobile and Birmingham Railroad Company
Norfolk Southern Railway Company (NSR), a Class I rail carrier, has
filed a notice of exemption to renew its lease and to operate
approximately 147 miles of rail line owned by Mobile and Birmingham
Railroad Company (M&B), a Class III carrier and a subsidiary of NSR,
located in the State of Alabama.
NSR states that the lease was to be extended prior to March 1,
1998. The earliest the transaction could be consummated was February
25, 1998, the effective date of the exemption (7 days after the
exemption was filed).
NSR has filed its notice of exemption under 49 CFR 1180.2(d)(3) as
the proposed renewal of its lease with M&B is exempt because it is
within the NSR corporate family and will not result in adverse changes
in service levels, operational changes or a change in the competitive
balance with carriers outside the NSR corporate family.
As a condition to this exemption, any employee affected by the
transaction will be protected by the conditions imposed in Mendocino
Coast Ry., Inc.--Lease and Operate, 354I.C.C. 732 (1978), as modified
in Mendocino Coast Ry., Inc.--Lease and Operate, 360 I.C.C. 653 (1980),
aff'd sub nom. RLEA v. ICC, 675 F.2d 1248 (D.C. Cir. 1982).
If the notice contains false or misleading information, the
exemption is void ab initio. Petitions 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.
An original and 10 copies of all pleadings, referring to STB
Finance Docket No. 33560, must be filed with the Surface Transportation
Board, Office of the Secretary, Case Control Unit, 1925 K Street, N.W.,
Washington, DC 20423-0001 and served on: James A. Squires, Norfolk
Southern Corporation, Three Commercial Place, Norfolk, VA 23510.
Decided: March 2, 1998.
By the Board, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 98-5823 Filed 3-6-98; 8:45 am]
BILLING CODE 4915-00-P
