[Federal Register Volume 60, Number 3 (Thursday, January 5, 1995)]
[Notices]
[Pages 1793-1794]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-229]



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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32629]


Pioneer Railcorp; Continuance in Control Exemption; Minnesota 
Central Railroad Company

    Pioneer Railcorp (Pioneer), a noncarrier holding company, has filed 
a notice of exemption to continue in stock ownership control of 
Minnesota Central Railroad Company (MNCR), its wholly owned noncarrier 
subsidiary, when MNCR becomes a class III rail carrier. MNCR 
concurrently filed a notice of exemption in Minnesota Central Railroad 
Company--Acquisition and Operation Exemption--MNVA Railroad, Inc., 
Finance Docket No. 32628, to acquire from MNVA Railroad, Inc. (MNVA), a 
class III rail carrier, and operate a 146-mile rail line in Minnesota. 
Consummation was scheduled for December 13, 1994.
    Pioneer owns and controls seven other class III rail carriers: West 
Jersey Railroad Co., operating in New Jersey; Fort Smith Railroad Co., 
operating in Arkansas; Alabama Railroad Co., operating in Alabama; 
Mississippi Central Railroad Co. (formerly Natchez Trace Railroad), 
operating in Mississippi and Tennessee; Alabama & Florida Railway Co., 
operating in Alabama; Decatur Junction Railway Co., operating in 
Illinois; and Vandalia Railroad Company, operating in Illinois.1

    \1\See Pioneer Railcorp--Continuance in Control Exemption--
Vandalia Railroad Company, Finance Docket No. 32594 (ICC served Oct. 
28, 1994).
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    Pioneer states that: (1) The properties operated by these carriers 
do not connect with each other or any railroads in their corporate 
family; (2) the continuance in control is not part of a series of 
anticipated transactions that would connect the railroads with each 
other or any railroad in their corporate family; and (3) the 
transaction does not involve a class I carrier. Therefore, the 
transaction is exempt from the prior approval requirements of 49 U.S.C. 
11343. See 49 CFR 1180.2(d)(2).
    As a condition to use of this exemption, any employees affected by 
the transaction will be protected by the conditions set forth in New 
York Dock Ry.--Control--Brooklyn Eastern Dist., 360 I.C.C. 60 (1979).
    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. Pleadings must be filed with the 
Commission and served on: Donald G. Avery and Patricia E. Dietrich, 
Slover & Loftus, 1224 Seventeenth Street, N.W., Washington, DC 20036.

     [[Page 1794]] Decided: December 23, 1994.

    By the Commission, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 95-229 Filed 1-4-95; 8:45 am]
BILLING CODE 7035-01-P