[Federal Register Volume 63, Number 134 (Tuesday, July 14, 1998)]
[Notices]
[Page 37932]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-18569]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board
[STB Finance Docket No. 33624]


Mississippi & Tennessee RailNet, Inc.--Acquisition and Operation 
Exemption--The Kansas City Southern Railway Company

    Mississippi & Tennessee RailNet, Inc. (MTRN), a noncarrier, has 
filed a verified notice of exemption under 49 CFR 1150.31 to acquire 
and operate approximately 87.1 miles of rail line and approximately 
7.53 miles of spur and side tracks from The Kansas City Southern 
Railway Company between milepost 281.5 at Houston, MS, and milepost 
368.6 at Middleton, TN.\1\
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    \1\ MTRN states that its projected revenues will not exceed 
those that would qualify it as a Class III rail carrier and its 
revenues are not projected to exceed $5 million.
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    The transaction was scheduled to be consummated on or shortly after 
June 26, 1998.
    This transaction is related to STB Finance Docket No. 33625, North 
American RailNet, Inc.,--Continuance in Control Exemption--Mississippi 
& Tennessee RailNet, Inc., wherein North American RailNet, Inc. will 
continue in control of MTRN upon its becoming a Class III rail carrier.
    If the verified notice contains false or misleading information, 
the exemption is void ab initio. 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 does not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 33624, must be filed with the Surface Transportation 
Board, Office of the Secretary, Case Control Unit, 1925 K Street, NW, 
Washington, DC 20423-0001. In addition, a copy of each pleading must be 
served on Robert A. Wimbish, Esq., Rea, Cross, & Auchincloss, 1707 L 
Street, NW, Suite 750, Washington, DC 20036.
    Board decisions and notices re available on our website at 
``WWW.STB.DOT.GOV.''

    Decided: July 6, 1998.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 98-18569 Filed 7-13-98; 8:45 am]
BILLING CODE 4915-00-M