[Federal Register Volume 60, Number 76 (Thursday, April 20, 1995)]
[Notices]
[Pages 19771-19772]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-9781]



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INTERSTATE COMMERCE COMMISSION

[Finance Docket No. 32682]


RailTex, Inc.--Corporate Family Transaction Exemption--Georgia 
and Alabama Lines, South Carolina Central Railroad Co., Inc. and 
Georgia Southwestern Railroad, Inc.

    RailTex, Inc. (RailTex), South Carolina Central Railroad Co., Inc. 
(SCC), and Georgia Southwestern Railroad, Inc. (GSWR), have filed a 
notice of exemption under 49 CFR 1180.2(d)(3) for a corporate family 
transaction.
    RailTex, a noncarrier corporation, controls through stock 
ownership: (1) SCC, a class III shortline rail carrier; and (2) GSWR, a 
noncarrier company.
    SCC currently operates about 56 miles of railroad in South 
Carolina. SCC also owns three railroad lines in Georgia and Alabama: 
(1) Georgia Southwestern Division, extending from Rochelle, GA to 
Mahrt, AL, and from Columbus to Bainbridge, GA; (2) Georgia & Alabama 
Division, extending from Smithville, GA [[Page 19772]] to White Oak, 
AL; and (3) Georgia Great Southern Division, extending from Dawson to 
Albany, GA. The railroad lines in Georgia and Alabama are separately 
managed as divisions of SCC.
    As part of a corporate restructuring, SCC will transfer to GSWR its 
interests in the railroad lines in Georgia and Alabama. SCC and GSWR 
will function as separate corporate entities, with separate revenue 
centers, and each will be managed, administered, directed, and 
accounted for separately. The parties intended to consummate on or 
about April 1, 1995.
    This is a transaction within a corporate family of the type 
specifically exempted from prior approval under 49 CFR 1180.2(d)(3) 
because it will not result in adverse changes in service levels, 
significant operational changes, or a change in the competitive balance 
with carriers outside the corporate family.
    As a condition to use of this exemption, any employees adversely 
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). Imposition of labor protective conditions is mandatory for 
transactions under 49 U.S.C. 11343.
    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 stay the 
exemption's effectiveness. Pleadings must be filed with the Commission 
and served on: Michael W. Blaszak, 211 South Leitch Ave., LaGrange, IL 
60525.

    Decided: April 14, 1995.

    By the Commission, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 95-9781 Filed 4-19-95; 8:45 am]
BILLING CODE 7035-01-P