[Federal Register Volume 62, Number 10 (Wednesday, January 15, 1997)]
[Notices]
[Page 2216]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-956]


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DEPARTMENT OF TRANSPORTATION
[STB Finance Docket No. 33320]


Union Pacific Railroad Company; Corporate Family Exemption; 
Missouri Pacific Railroad Company

    Union Pacific Railroad Company (UP) and Missouri Pacific Railroad 
Company (MP), Class I railroad affiliates in the Union Pacific System, 
have filed a joint notice of exemption to undertake a corporate family 
transaction. Under the Agreement and Plan of Merger, MP will merge with 
and into UP. UP will be the surviving corporation, and the corporate 
existence of MP will cease. The proposed transaction was to be 
consummated on or about January 1, 1997.
    This is a transaction within a corporate family of the type 
specifically exempted from prior review and approval under 49 CFR 
1180.2(d)(3). The transaction will not result in adverse changes in 
service levels, significant operational changes, or a change in the 
competitive balance with carriers operating outside applicants' 
corporate family. The purpose of the transaction is to avoid duplicate 
reporting requirements, and to achieve cost efficiencies which will 
result through corporate simplification.
    As a condition to this exemption, any employees adversely affected 
by the transaction will be protected under New York Dock Ry.--Control--
Brooklyn Eastern Dist., 360 I.C.C. 60 (1979).
    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. 33320, must be filed with the Surface Transportation 
Board, Office of the Secretary, Case Control Branch, 1201 Constitution 
Avenue, N.W., Washington, DC 20423 and served on: Robert T. Opal, 
General Attorney, 1416 Dodge Street, #830, Omaha, NE 68179.

    Decided: January 8, 1997.

    By the board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 97-956 Filed 1-14-97; 8:45 am]
BILLING CODE 4915-00-P