Federal Register / Vol. 90, No. 5 / Wednesday, January 8, 2025 / Notices 1589 

1Applicants state that Tiger Infrastructure 

Partners Fund IV AIV LP is managed by Tiger 

Infrastructure Associates GP IV LP, a noncarrier 

Delaware limited partnership headquartered in New 

York. (Appl. 3.) More information about these 

entities and Tiger Infrastructure Fund LP, which is 

the private equity firm that established Tiger 

Investment Fund IV AIV LP, is included in the 

application. (Id.) 

2Those minority shareholders are Garrett O. 

Regan, Casey O. Regan, Michael R. Clark, Michael 

J. Krois, Thomas J. Severson, Michael S. Karlen, 

Troy J. Nelson, Angela J. Mattingly, and Michael C. 

Mattingly. (Appl. 4 n.6.) 

3By decision served on November 14, 2024, the 

Board tentatively approved and authorized an 

application filed by Seller to control the Subject 

Carriers through a corporate reorganization in 

which Seller would become the majority 

shareholder in MNC Holding Company, a new 

entity created to serve as a holding company for the 

Subject Carriers and other noncarrier entities. 

Patrick O. Regan—Acquis. of Control—Faribault 

Transp. Serv., Inc. (Regan), MCF 21123, slip op. at 

1 (STB served Nov. 14, 2024). Applicants state that 

they have filed the application in this proceeding 

based on the presumption that the approval and 

authority in Docket No. MCF 21123 would become 

effective and the transactions described there will 

be consummated. (Appl. 2 n.3.) The Board’s 

approval and authority in Docket No. MCF 21123 

became effective on December 31, 2024. Regan, 

MCF 21123, slip op. at 1. 

4Applicants note that, in Docket No. MCF 21123, 

Holdings was referred to as ‘‘MNC Holding 

Company’’ and ‘‘Parent, LLC,’’ while in this 

proceeding they refer to Holdings as ‘‘MNC 

Holdings, LP.’’ (Appl. 5.) Applicants state that, due 

to discussions that have taken place since the 

application in Regan was filed, there have been 

minor changes to the proposed corporate structure 

described in Regan. The Board finds that these 

differences are immaterial to the approval and 

authority granted in Regan and, therefore, no 

supplement or additional authority for those 

transactions is required. 

5Specifically, Applicants state that Holdings will 

hold 100% ownership of a to-be-formed Delaware 

limited liability company expected to be named 

MNC Intermediate Holdings, LLC, which in turn 

will hold 100% ownership of a to-be-formed 

Delaware limited liability company expected to be 

named MNC Group Parent, LLC, which in turn will 

hold 100% ownership of MNC Borrower, LLC, a 

Delaware limited liability company, which in turn 

will directly or indirectly hold 100% ownership of 

the Subject Carriers. (Appl. 4 n.7.) More 

information about the expected corporate structure 

of Holdings and its direct and indirect subsidiaries, 

including the seven Subject Carriers, is included in 

the application. (See id., Ex. 1.) Applicants note that 

the names and number of the Intermediate 

Companies differ from the description provided in 

Regan. (Id. at 5.) As explained above, supra note 4, 

the Board finds these differences to be immaterial 

to its approval and authorization in Regan. 

Modality of 

completion 

Number of 

respondents 

Frequency 

of response 

Average 

burden per 

response 

(minutes) 

Estimated 

total 

annual 

burden 

(hours) 

Average 

theoretical 

hourly cost 

amount 

(dollars) * 

Average 

wait time 

in field 

office 

(minutes) ** 

Total annual 

opportunity 

cost 

(dollars) *** 

SSA–132 ............................................................. 361,902 1 5 30,159 * $31.48 ** 24 *** $5,506,482 

* We based this figure on the average U.S. worker’s hourly wages, as reported by Bureau of Labor Statistics data (https://www.bls.gov/oes/current/oes_nat.htm). 

** We based this figure on the average FY 2025 wait times for field offices, based on SSA’s current management information data.

*** This figure does not represent actual costs that SSA is imposing on recipients of Social Security payments to complete this application; rather, these are theoretical opportunity costs for the additional time respondents will spend to complete the application. There is no actual charge to respondents to complete the 

application. 

Dated: January 2, 2025 

Naomi Sipple, 

Reports Clearance Officer, Social Security 

Administration. 

[FR Doc. 2025–00128 Filed 1–7–25; 8:45 am] 

BILLING CODE 4191–02–P 

SURFACE TRANSPORTATION BOARD 

[Docket No. MCF 21127] 

TIP Minnesota Coaches Acquisition 

LLC, TIP MN Investments LP, and Tiger 

Infrastructure Partners Fund IV AIV 

LP—Acquisition of Control—Marschall 

Line, Inc., Minnesota Coaches, Inc., 

Rehbein Transit Co., Inc., Ready Bus 

Company, Inc., Voyageur Bus 

Company, Inc., Minn-Dakota Coaches, 

Inc., and Faribault Transportation 

Service, Inc. 

AGENCY: Surface Transportation Board. 

ACTION: Notice tentatively approving 

and authorizing finance transaction. 

SUMMARY: TIP Minnesota Coaches 

Acquisition LLC, TIP MN Investments 

LP, and Tiger Infrastructure Partners 

Fund IV AIV LP (Applicants) filed an 

application seeking authority to acquire 

control of seven interstate passenger 

motor carriers: Marschall Line, Inc. 

(Marschall Line), Minnesota Coaches, 

Inc. (Minnesota Coaches), Rehbein 

Transit Co., Inc. (Rehbein), Ready Bus 

Company Inc. (Ready Bus), Voyageur 

Bus Company, Inc. (Voyageur Bus), 

Minn-Dakota Coaches, Inc. (MinnDakota), and Faribault Transportation 

Service, Inc. (FTS) (collectively, the 

Subject Carriers). The Board is 

tentatively approving and authorizing 

the transaction. If no opposing 

comments are timely filed, this notice 

will be the final Board action. 

DATES: Comments must be filed by 

February 24, 2025. If any comments are 

filed, Applicants may file a reply by 

March 10, 2025. If no opposing 

comments are filed by February 24, 

2025, this notice shall be effective on 

February 25, 2025. 

ADDRESSES: Comments, referring to 

Docket No. MCF 21127, may be filed 

with the Board either via e-filing on the 

Board’s website or in writing addressed 

to: Surface Transportation Board, 395 E 

Street SW, Washington, DC 20423–0001. 

In addition, send one copy of comments 

to Applicants’ representative: Richard 

G.S. Lee, Cooley LLP, 1299 

Pennsylvania Avenue NW, Suite 700, 

Washington, DC 20004. 

FOR FURTHER INFORMATION CONTACT: 

Brian O’Boyle at (202) 245–0364. If you 

require an accommodation under the 

Americans with Disabilities Act, please 

call (202) 245–0245. 

SUPPLEMENTARY INFORMATION: According 

to the application, TIP Minnesota 

Coaches Acquisition LLC (TIP Minn. 

Coaches) is a Delaware limited liability 

company headquartered in New York, 

N.Y., and is not a federally regulated 

motor carrier, nor does it operate or 

have a controlling interest in any 

federally regulated motor carriers. 

(Appl. 2.) TIP Minn. Coaches is wholly 

owned by TIP MN Investments LP (TIP 

MN Investments), a Delaware limited 

partnership headquartered in New York. 

(Id.) TIP MN Investments is in turn 

wholly owned by Tiger Infrastructure 

Partners Fund IV AIV LP, a fund and 

Delaware limited partnership, 

headquartered in New York.1 (Id. at 3.) 

Applicants state that neither TIP MN 

Investments, Tiger Infrastructure 

Partners Fund IV AIV LP, Tiger 

Infrastructure Associates GP IV LP, nor 

Tiger Infrastructure Partners LP are 

federally regulated motor carriers, nor 

do they operate or have a controlling 

interest in any federally regulated motor 

carriers. (Id. at 3–4.) 

Applicants state that, under the 

proposed transaction, TIP Minn. 

Coaches would acquire control of the 

Subject Carriers from Patrick O. Regan 

(Seller) and other minority 

shareholders 2 by purchasing a majority 

interest in a to-be-formed Delaware 

limited partnership called MNC 

Holdings, LP (Holdings).3 (Id. at 1–2.) 

According to Applicants, Holdings 4

will ultimately hold 100% ownership of 

several entities, including the seven 

Subject Carriers, through 100% 

ownership of certain intermediate 

limited liability companies 

(Intermediate Companies).5 (Id. at 1–2, 

4, 16.) Following the closing of the 

proposed transaction, Seller would 

continue to hold a significant stake in 

the Subject Carriers as well as retain an 

active role in senior management and as 


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I I I I I I 
1590 Federal Register / Vol. 90, No. 5 / Wednesday, January 8, 2025 / Notices 

6Further information about these motor carriers, 

including U.S. Department of Transportation 

(USDOT) numbers, motor carrier numbers, and 

USDOT safety fitness ratings, can be found in the 

application. (See Appl., Ex. 2.) Applicants state 

that, prior to closing, they expect each of these 

passenger motor carriers to be converted into 

limited liability companies. (Id. at 1 n.1.) 

an investor in the underlying 

businesses. (Id. at 2.) Applicants state 

that neither Holdings nor the 

Intermediate Companies would be 

passenger motor carriers. (Id. at 4.) 

The Applicants describe the seven 

Subject Carriers to be acquired as 

follows: 6

Marschall Line, whose principal place 

of business is in Farmington, Minn., is 

a direct subsidiary of Family Bus 

Service Inc. (Family Bus), a noncarrier, 

which will be a direct subsidiary of 

MNC Borrower, LLC, and an indirect 

subsidiary of Holdings. (Id. at 5, 6.) 

Marschall Line exclusively provides 

school bus transportation services, 

including general and special education 

transportation to and from school on a 

regular schedule, and school bus charter 

service for extracurricular activities and 

special trips. (Id. at 6–7.) Applicants 

note that, on limited occasions, the 

school bus charter service involves trips 

from Minnesota into Wisconsin and 

other neighboring states (depending on 

the location of those activities involving 

the school bus customers served by 

Marschall Line). (Id. at 7.) Marschall 

Line (operating in its name and through 

the assumed name Mid-County Bus 

Company) operates approximately 110 

power units and employs approximately 

118 drivers. (Id.) 

Minnesota Coaches, whose principal 

place of business is in Hastings, Minn., 

is also a subsidiary of Family Bus. (Id. 

at 6, 7.) Minnesota Coaches operates in 

its name and through the assumed 

names Hasting Bus Company, Big River 

Bus, and Big River Tours and provides 

both school bus service and motorcoach 

service on a charter basis. (Id. at 7.) 

Minnesota Coaches’ school bus service 

includes general and special education 

transportation to and from school on a 

regular schedule, and school bus charter 

service for extracurricular activities and 

special trips, which, on limited 

occasions, involve transportation 

between Minnesota and neighboring 

states including Wisconsin. (Id. at 8.) 

Minnesota Coaches also offers 

motorcoach contract service for 

universities, sports teams, and other 

business, as well as event-specific 

charter services for weddings, 

conventions, and other events, 

concentrated primarily in the 

Minneapolis, Minn., St. Paul, Minn., 

and surrounding Twin Cities area, 

although it also has some interstate 

operations, primarily in Wisconsin, 

Iowa, Illinois, and Missouri. (Id. at 8–9.) 

Minnesota Coaches operates 

approximately 196 power units and 

employs approximately 174 drivers. (Id. 

at 8.) 

Rehbein, whose principal place of 

business is in Circle Pines, Minn., is 

also a subsidiary of Family Bus. (Id. at 

6, 9.) Rehbein exclusively provides 

school bus services, which includes 

general and special education 

transportation to and from school on a 

regular schedule. (Id. at 9.) Rehbein also 

provides school bus charter service for 

extracurricular activities and special 

trips, which, on limited occasions, 

involves trips from Minnesota into 

Wisconsin or other neighboring states 

(depending on the location of those 

activities involving the school bus 

customers served by Rehbein). (Id.) 

Rehbein operates approximately 97 

power units and employs approximately 

91 drivers. (Id. at 10.) 

FTS, whose principal place of 

business is in Faribault, Minn., will be 

a direct subsidiary of MNC Borrower, 

LLC, and an indirect subsidiary to 

Holdings. (Id. at 5, 10.) FTS is 

exclusively a school bus operator, 

providing student transportation service 

including general and special education 

transportation to and from school on a 

regular schedule. (Id. at 10.) FTS also 

provides school bus charter service for 

extracurricular activities and other 

special trips, which on limited 

occasions, involves trips from 

Minnesota into Wisconsin and other 

neighboring states (depending on the 

location of those activities). (Id.) FTS 

operates approximately 66 total power 

units and employs approximately 88 

drivers. (Id. at 11.) 

Voyageur Bus, whose principal place 

of business is in Duluth, Minn., is a 

subsidiary of Metro Bus Service, Inc., a 

noncarrier, which will be a direct 

subsidiary to MNC Borrower, LLC, and 

an indirect subsidiary to Holdings. (Id. 

at 6, 11.) Voyageur Bus provides school 

bus transportation service that includes 

general and special education 

transportation to and from school on a 

regular schedule, and school charter 

service for extracurricular activities and 

special trips, with some trips on 

occasion involving transportation 

between Minnesota and neighboring 

states including Wisconsin. (Id. at 11.) 

Voyageur Bus also offers motorcoach 

contract services for universities, sports 

teams, and other business, as well as 

event-specific charter services for 

weddings, conventions and other events 

in the greater Duluth area. (Id. at 11–12.) 

Voyageur Bus’s motorcoach services are 

conducted primarily in Minnesota, with 

some operations in Wisconsin, Iowa, 

Illinois, or other states across the U.S. 

based on customer demand for special 

event service. (Id. at 12.) Applicants 

state that Voyageur operates 

approximately 118 power units and 

employs approximately 125 drivers. 

(Id.) Applicants further note that 

Voyageur also operates a fleet of 

motorcoaches owned by Lake Superior 

Motorcoaches, Inc., a noncarrier 

subsidiary of Metro Bus Service, Inc., 

through a revenue-sharing arrangement. 

(Id. at 11 n.14.) 

Minn-Dakota, whose principal place 

of business is in Fergus Falls, Minn., is 

a direct subsidiary of Ottertail Coaches, 

Inc., a noncarrier direct subsidiary of 

Ottertail Transportation, Inc., which 

will be a direct subsidiary of MNC 

Borrower, LLC, and an indirect 

subsidiary of Holdings. (Id. at 6, 12–13.) 

Minn-Dakota provides school bus 

transportation service that includes 

general and special education 

transportation to and from school on a 

regular schedule, and school charter 

service for extracurricular activities and 

special trips. (Id. at 13.) Applicants note 

that some of these trips involve 

transportation between Minnesota and 

neighboring states including North 

Dakota. (Id.) Applicants state that MinnDakota also offers motorcoach contract 

service for universities, sports teams, 

and other business, as well as eventspecific charter services for weddings, 

conventions, and other events in the 

Fergus Falls area. (Id.) Applicants state 

that some of Minn-Dakota’s motorcoach 

services are conducted out of state, 

mostly within North Dakota and South 

Dakota, but a limited amount of activity 

also occurs in Iowa and Wisconsin, and 

the remainder is spread out nationally 

based on customer demand for special 

event service. (Id. at 13–14.) Applicants 

state that Minn-Dakota operates 

approximately 14 power units and 

employs approximately 34 drivers. (Id. 

at 13.) 

Ready Bus, whose primary place of 

business is in Rochester, Minn., will be 

a direct subsidiary of MNC Borrower, 

LLC, and an indirect subsidiary to 

Holdings. (Id. at 6.) Ready Bus provides 

school transportation service that 

includes general and special education 

transportation to and from school on a 

regular schedule, and school charter 

service for extracurricular activities and 

special trips. (Id. at 14.) Applicants note 

that, on limited occasions, some of these 

trips involve transportation between 

Minnesota and neighboring states 

including Wisconsin, depending on the 

location of the customer activity. (Id.) 

Ready Bus also offers motorcoach 


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Federal Register / Vol. 90, No. 5 / Wednesday, January 8, 2025 / Notices 1591 

contract service for universities, sports 

teams, and other business, as well as 

event-specific charter services for 

weddings, conventions and other events 

with service in Minnesota, Wisconsin, 

and neighboring states. (Id.) According 

to the application, approximately 70% 

of Ready Bus’s motorcoach service is 

conducted within Minnesota or 

Wisconsin; most of the remaining 

service is regionally concentrated in 

Iowa, Illinois, Missouri, and Indiana, 

and the rest is spread out nationally 

based on customer demand for special 

event service. (Id. at 15.) Applicants 

state that Ready Bus operates 

approximately 59 power units and 

employs approximately 56 drivers. (Id.) 

Under 49 U.S.C. 14303(b), the Board 

must approve and authorize a 

transaction that it finds consistent with 

the public interest, taking into 

consideration at least (1) the effect of the 

proposed transaction on the adequacy of 

transportation to the public, (2) the total 

fixed charges resulting from the 

proposed transaction, and (3) the 

interest of affected carrier employees. 

Applicants have submitted the 

information required by 49 CFR 1182.2, 

including information demonstrating 

that the proposed transaction is 

consistent with the public interest 

under 49 U.S.C. 14303(b), see 49 CFR 

1182.2(a)(7), and a jurisdictional 

statement under 49 U.S.C. 14303(g) that 

the aggregate gross operating revenues 

of the involved carriers exceeded $2 

million during the 12-month period 

immediately preceding the filing of the 

application, see 49 CFR 1182.2(a)(5). 

(Appl. 16.) 

Applicants state that their proposed 

acquisition of control of the Subject 

Carriers will be consistent with the 

public interest. (Id. at 17.) Applicants 

assert that the adequacy of the 

transportation currently provided by the 

Subject Carriers will remain intact, as 

they have no plans to change the nature 

of the transportation services currently 

provided by the Subject Carriers or to 

terminate any of the student or transit 

transportation contracts currently in 

place. (Id. at 18.) Applicants also assert 

that neither they nor Tiger Infrastructure 

Fund LP (including any funds it 

manages) directly or indirectly control 

any other federally regulated motor 

passenger carriers operating in the 

United States and therefore own no 

businesses that would compete with the 

Subject Carriers. (Id. at 17.) Applicants 

further state that the Subject Carriers 

face significant competition to the 

school bus services and motorcoach 

services that they provide in the 

geographic areas in which they operate. 

(Id.) According to Applicants, they also 

plan to expand and modernize the fleet 

in order to provide reliable service to its 

current and future customers. (Id. at 18.) 

Applicants also state that they plan to 

retain the current management of each 

of the Subject Carriers, including their 

experienced safety managers at the 

corporate and local levels, and that the 

Seller will also retain a position in 

senior management and board 

representation, providing Applicants 

access to Seller’s years of knowledge 

and experience with respect to the 

Subject Carriers and the industry more 

broadly. (Id.) 

With respect to fixed charges, 

Applicants state that they are financing 

the cost of the proposed transaction 

with a combination of debt and equity 

capital. (Id. at 19.) According to 

Applicants, they do not expect that 

these fixed charges will impact the 

Subject Carriers’ ability to provide 

transportation services to the public 

because the debt used to finance the 

transaction is a secured credit facility 

based on customary terms appropriate 

for the asset value of Holdings; each of 

the Subject Carriers has a stable revenue 

stream from contracts with school 

districts, universities, and other 

institutional entities, which should be 

more than adequate to service existing 

and anticipated future debt; and the 

proposed transaction will enable the 

Subject Carriers to maintain future 

financial stability through access to 

considerable funds from Tiger 

Infrastructure Partners LP and its 

affiliates. (Id.) 

Applicants state that they do not 

expect the proposed transaction to 

adversely affect the interest of Subject 

Carrier employees, as they currently 

have no plans for employee layoffs or 

other staffing reductions, nor do they 

plan to adversely change any existing 

employee benefits. (Id.) 

Based on Applicants’ representations, 

the Board finds that the acquisition of 

control of the Subject Carriers is 

consistent with the public interest and 

should be tentatively approved and 

authorized. If any opposing comments 

are timely filed, these findings will be 

deemed vacated and, unless a final 

decision can be made on the record as 

developed, a procedural schedule will 

be adopted to reconsider the 

application. See 49 CFR 1182.6. If no 

opposing comments are filed by the 

expiration of the comment period, this 

notice will take effect automatically and 

will be the final Board action in this 

proceeding. 

This action is categorically excluded 

from environmental review under 49 

CFR 1105.6(c). 

Board decisions and notices are 

available at www.stb.gov. 

It is ordered: 

1. The proposed acquisition of control 

of the Subject Carriers is approved and 

authorized, subject to the filing of 

opposing comments. 

2. If opposing comments are timely 

filed, the findings made in this notice 

will be deemed vacated. 

3. This notice will be effective 

February 25, 2025, unless opposing 

comments are filed by February 24, 

2025. If any comments are filed, 

Applicants may file a reply by March 

10, 2025. 

4. A copy of this notice will be served 

on: (1) the U.S. Department of 

Transportation, Federal Motor Carrier 

Safety Administration, 1200 New Jersey 

Avenue SE, Washington, DC 20590; (2) 

the U.S. Department of Justice, Antitrust 

Division, 10th Street & Pennsylvania 

Avenue NW, Washington, DC 20530; 

and (3) the U.S. Department of 

Transportation, Office of the General 

Counsel, 1200 New Jersey Avenue SE, 

Washington, DC 20590. 

Decided: January 2, 2025. 

By the Board, Board Members Fuchs, 

Hedlund, Primus, and Schultz. 

Jeffrey Herzig, 

Clearance Clerk. 

[FR Doc. 2025–00200 Filed 1–7–25; 8:45 am] 

BILLING CODE 4915–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Motor Carrier Safety 

Administration 

[Docket No. FMCSA–2024–0255] 

Agency Information Collection 

Activities; New Information Collection: 

Study of Warning Devices for Stopped 

Commercial Motor Vehicles 

AGENCY: Federal Motor Carrier Safety 

Administration (FMCSA), Department 

of Transportation (DOT). 

ACTION: Notice and request for 

comments. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995, 

FMCSA announces its plan to submit 

the Information Collection Request (ICR) 

described below to the Office of 

Management and Budget (OMB) for its 

review and approval and invites public 

comment. This notice invites comments 

on a proposed information collection 

titled ‘‘Study of Warning Devices for 

Stopped Commercial Motor Vehicles.’’ 

It is an experimental study that requires 

data collection for evaluating whether 

warning devices meaningfully influence 


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