[Federal Register: September 12, 2003 (Volume 68, Number 177)]
[Notices]
[Page 53779]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12se03-105]
[[Page 53779]]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 34386]
R.J. Corman Equipment Company, LLC--Acquisition Exemption--Lines
of CSX Transportation, Inc.
R.J. Corman Equipment Company, LLC (RJCE), a Class III rail
carrier, has filed a verified notice of exemption under 49 CFR 1150.41
to acquire from CSX Transportation, Inc. (CSXT), approximately 100.04
miles of rail line in Kentucky. Pursuant to an agreement to be entered
into between RJCE and CSXT, RJCE will acquire CSXT's line of railroad,
known as the Old Road, extending between approximately milepost 12.49
at HK Tower in Anchorage, KY (near Louisville), and approximately
milepost 113.81 in Winchester, KY, a distance of approximately 91.48
miles.\1\ In addition, RJCE will acquire the following associated
branch lines: (1) The Bloomfield Branch, extending from a connection
with the Old Road main line at milepost 30.64 to milepost 33.71, a
distance of approximately 3.07 miles, in Shelbyville, KY; and (2) the
Chilesburg Branch, extending from a connection with the Old Road main
line at milepost 643.90 in Lexington, KY (milepost 97.74 on the Old
Road main line), to milepost 638.41 near Cadentown, KY, a distance of
approximately 5.49 miles. RJCE will also acquire certain industrial,
spur and yard tracks in Lexington and Frankfort, KY. RJCE states that
it will purchase the track and materials from CSXT and will lease the
underlying real estate from CSXT for 15 years. CSXT will retain
restricted overhead trackage rights on the portion of the Old Road
between Winchester and Lexington for the operation of unit coal trains.
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\1\ RJCE states that there are milepost equations on the line:
At Christianburg, KY, where milepost 39.52 = milepost 49.46; at
Lexington, KY, where milepost 93.43 = milepost 96.89; and near
Montrose, KY, where milepost 102.76 = milepost 99.20.
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Based on projected annual revenues for the line, RJCE states that
it expects to remain a Class III rail carrier after consummation of the
proposed transaction. It certifies that its projected annual revenues
do not exceed those that would qualify it as a Class III rail carrier.
Nevertheless, RJCE certified to the Board on July 31, 2003, that a 60-
day notice of this transaction, pursuant to 49 CFR 1150.42(e), was
posted at the workplace of the employees on the Old Road line and was
served on the national offices of the labor unions with employees on
the Old Road.
RJCE states that it intends to consummate the transaction on
September 30, 2003 (60 days after its certification to the Board under
49 CFR 1150.42(e)).
This transaction is related to a simultaneously filed verified
notice of exemption in STB Finance Docket No. 34387, R.J. Corman
Railroad Company/Central Kentucky Lines--Lease Exemption--Lines of
R.J.Corman Equipment Company, LLC, wherein R.J. Corman Railroad
Company/Central Kentucky Lines (RJCK) will lease and operate the line
and associated branch lines being acquired by RJCE.
If the verified 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. 34386, must be filed with the Surface Transportation
Board, 1925 K Street, NW., Washington, DC 20423-0001. In addition, a
copy of each pleading must be served on Ronald A. Lane, Fletcher &
Sippel LLC, 29 North Wacker Drive, Suite 920, Chicago, IL 60606-2875.
Board decisions and notices are available on our Web site at
``http://www.stb.dot.gov''.
Decided: September 8, 2003.
By the Board, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 03-23257 Filed 9-11-03; 8:45 am]
BILLING CODE 4915-00-P