[Federal Register Volume 62, Number 98 (Wednesday, May 21, 1997)]
[Notices]
[Pages 27834-27835]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-13315]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board
[STB No. MC-F-20907]


Greyhound Lines, Inc.--Control--Carolina Coach Company, Inc., 
Kannapolis Transit Company, and Seashore Trailways

AGENCY: Surface Transportation Board.

ACTION: Notice tentatively approving finance transaction.

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SUMMARY: Greyhound Lines, Inc. (Greyhound or applicant), has filed an 
application under 49 U.S.C. 14303 to acquire control of Carolina Coach 
Company, Inc., d/b/a Carolina Trailways (Carolina), Kannapolis Transit 
Company (Kannapolis), and Seashore Trailways (Seashore). Persons 
wishing to oppose the application must follow the rules under 49 CFR 
part 1182, subpart B. The Board has tentatively approved the 
transaction, and, if no opposing comments are timely filed, this notice 
will be the final Board action.

DATES: Comments are due by July 7, 1997. Applicants may reply by July 
21, 1997. If no comments are received by July 7, 1997, this notice is 
effective on that date.

ADDRESSES: Send an original and 10 copies of any comments referring to 
STB Docket No. MC-F-20907 to: Surface Transportation Board, Office of 
the Secretary, Case Control Unit, 1925 K Street, N.W., Washington, DC 
20423-0001. In addition, send one copy of any comments to applicants' 
representative: Fritz R. Kahn, Suite 750 West, 1100 New York Avenue, 
N.W., Washington, DC 20005-3934.

FOR FURTHER INFORMATION CONTACT: Beryl Gordon, (202) 565-1600. [TDD for 
the hearing impaired: (202) 565-1695.]

SUPPLEMENTARY INFORMATION: Greyhound is a motor passenger carrier 
operating nationwide, scheduled, regular-route service. Carolina is 
also a motor passenger carrier, operating scheduled, regular-route 
service in Delaware, Maryland, North Carolina, Pennsylvania, Virginia, 
and the District of Columbia. Kannapolis and Seashore are non-operating 
motor passenger carriers, holding authority to provide regular-route 
operations in North Carolina and Virginia.
    Under the proposed transaction, Carolina, Kannapolis, and Seashore 
(which currently are wholly owned subsidiaries of Carolina Associates, 
Inc.) would remain separate corporations but become wholly owned 
subsidiaries of Greyhound. Greyhound also controls Texas, New Mexico & 
Oklahoma

[[Page 27835]]

Coaches, Inc., Continental Panhandle Lines, Inc., Vermont Transit Co., 
Inc., Los Rapidos, Inc., and Grupo Centro, Inc. (Grupo), each of which 
is a regional motor passenger carrier.
    Applicant asserts that the aggregate gross operating revenues of 
Greyhound and its affiliates exceeded $2 million during the twelve 
months preceding the filing of this application (the minimum gross 
operating revenues required to trigger section 14303). Applicant also 
states that the proposed transaction will have no competitive effects, 
and that the operations of the carriers involved will remain unchanged; 
that the total fixed charges associated with the proposed transaction 
are well within Greyhound's financial means; and that there will be no 
change in the status of any employees.
    Applicant certifies that the pertinent carrier parties have 
satisfactory safety fitness ratings (including Greyhound's affiliates, 
except Grupo, a newly organized motor carrier); that Greyhound and 
Carolina maintain sufficient liability insurance and are neither 
domiciled in Mexico nor owned or controlled by persons of that country; 
and that approval of the transaction will not significantly affect 
either the quality of the human environment or the conservation of 
energy resources. Additional information may be obtained from 
applicant's representative.
    Under 49 U.S.C. 14303(b), we must approve and authorize a 
transaction we find consistent with the public interest, taking into 
consideration at least: (1) The effect of the transaction on the 
adequacy of transportation to the public; (2) the total fixed charges 
that result; and (3) the interest of affected carrier employees.
    On the basis of the application, we find that the proposed 
acquisition of control is consistent with the public interest and 
should be authorized. If any opposing comments are timely filed, this 
finding will be deemed as having been vacated and a procedural schedule 
will be adopted to reconsider the application. If no opposing comments 
are filed by the expiration of the comment period, this decision will 
take effect automatically and will be the final Board action.
    This decision will not significantly affect either the quality of 
the human environment or the conservation of energy resources.
    It is ordered:
    1. The proposed acquisition of control is approved and authorized, 
subject to the filing of opposing comments.
    2. If timely opposing comments are filed, the findings made in this 
decision will be deemed as having been vacated.
    3. This decision will be effective on July 7, 1997, unless timely 
opposing comments are filed.
    4. A copy of this notice will be served on the Department of 
Justice, Antitrust Division, 10th Street & Pennsylvania Avenue, N.W., 
Washington. DC 20530.

    Decided: May 14, 1997.

    By the Board, Chairman Morgan and Vice Chairman Owen.
Vernon A. Williams,
Secretary.
[FR Doc. 97-13315 Filed 5-20-97; 8:45 am]
BILLING CODE 4910-00-P