Source: https://www.stb.gov/decisions/readingroom.nsf/fc695db5bc7ebe2c852572b80040c45f/41aa924c2a4f596d852579df004aeaf8?OpenDocument
Timestamp: 2017-06-26 10:45:05
Document Index: 591487080

Matched Legal Cases: ['§ 10502', '§ 11323', '§ 11323', '§ 10502', '§ 10101', '§ 11323', '§ 10502', '§ 11323', '§ 10101', '§ 10101', '§ 10101', '§ 10101', '§ 10502', '§ 11326', '§ 1105', '§ 1105', '§ 10502', '§ 11323', '§ 11326', '§ 10502']

42240.pdf 94 KB
42240 SERVICE
This decision allows RailAmerica, Inc.,
pursuant to 49 U.S.C. § 10502 from the prior approval requirements of
49 U.S.C. §§ 11323-25 to acquire control of Marquette Rail, LLC
(Marquette Rail), a Class III rail carrier.[2] On February 28, 2012, the Board served a notice of the petition and
published the notice in the Federal Register (77 Fed. Reg. 12,107). Comments were due by March 19, 2012, and replies, if any, were due by
March 26, 2012. No comments were filed in response to the notice. We
(collectively, the Sellers). Under the Agreement, RTC will acquire control of
the noncarrier Palm Beach, which directly controls the noncarrier RTC. RailAmerica
controls 34 Class III rail carriers.[3] Further, Fortress, on behalf of other equity funds managed by it and its
Mich., and is crossed by CSX Transportation, Inc. (CSXT) at MMRR milepost 2.9. Marquette Rail’s line (the Line)[4]
physically ends north of the MMRR line at Turner Avenue, NW. Thus, to
point of interchange for cars received from and delivered to Marquette Rail. According
operating over the CSXT line. Petitioners further state that the diamond over
and lengthy experience in successfully managing short line railroads. Petitioners
improve cycle time for shippers. Petitioners add that expedited handling is
of the Board. 49 U.S.C. § 11323(a)(5). Under 49 U.S.C. § 10502(a),
policy of 49 U.S.C. § 10101, and (2) either the transaction or
§§ 11323-25 is consistent with the standards of 49 U.S.C.
§ 10502. Detailed scrutiny of the proposed transaction through an
application for review and approval under 49 U.S.C. § 11323-25 is not
necessary here to carry out the rail transportation policy. The proposed
access to capital for improving service to shippers on the Line. Thus, an
§ 10101(2); ensuring the development and continuation of a sound rail transportation
49 U.S.C. § 10101 (4); fostering sound economic conditions in
transportation, 49 U.S.C. § 10101(5); and encouraging efficient
management, 49 U.S.C. § 10101(9). Other aspects of the rail
Nor is detailed
abuse of market power. Although Marquette Rail crosses the MMRR using CSXT
competition resulting from these crossing rights. This conclusion is supported
acquisition of control. To the contrary, shippers will likely experience more
49 U.S.C. § 10502(g), we may not use our exemption authority to
its employees. Because the transaction involves one Class II (FEC) and one or
protective requirements of 49 U.S.C. § 11326(b) and Wisconsin
§ 1105.6(c)(2)(i) because it will not result in any significant change in
carrier operations. Similarly, the transaction is exempt from the historic
reporting requirements under 49 C.F.R. § 1105.8(b)(3) because it will
fleet in order to improve service to shippers. Normally, our decision granting
an exemption petition becomes effective 30 days after the decision is served. In
1. Under 49 U.S.C. § 10502, we exempt from the
prior approval requirements of 49 U.S.C. §§ 11323-25 Petitioners’
conditions at 49 U.S.C. § 11326(b) and Wisconsin Central
exemption will be effective on April 28, 2012. Petitions for stay must be
filed by April 20, 2012. Petitions to reopen must be filed by April 23, 2012.
[2] On February 2, 2012, Petitioners sought a
they would be submitting in this proceeding. That request was granted by
[3] For a list of the railroads controlled by
6-7. In addition, subsequent to the filing of the petition in this case,
& Corning Railroad, LLC, a Class III carrier, in Docket No. FD 35605. The proposed transaction in that proceeding is scheduled to be consummated on
[4] The Board previously granted Marquette Rail an
Oct. 26, 2005). The Line, which totals approximately 129.03 miles, extends
[5] Pet. at 10; Petitioners’ Letter dated Mar. 20,
[6] Given our finding that regulation is not needed to
the transaction is limited in scope. See 49 U.S.C. § 10502(a).