[Federal Register Volume 63, Number 168 (Monday, August 31, 1998)]
[Notices]
[Page 46278]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-23351]


-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board
[STB Finance Docket No. 33648]


Norfolk Southern Railway Company; Merger Exemption; Norfolk and 
Western Railway Company

    Norfolk Southern Railway Company (NSR),1 has filed a 
notice of exemption to merge Norfolk and Western Railway Company (NWR) 
2 into NSR.
---------------------------------------------------------------------------

    \1\ NSR is a Class I rail carrier, which is controlled through 
stock ownership by Norfolk Southern Corporation, a noncarrier 
holding company.
    \2\ NW is Class I rail carrier, and is a wholly owned direct 
subsidiary of NSR. Once NW is merged into NSR, its separate 
corporate existence will cease.
---------------------------------------------------------------------------

    The transaction is expected to be consummated on or shortly after 
September 1, 1998. The transaction will simplify NSR's corporate 
structure and eliminate costs associated with separate accounting, tax, 
bookkeeping and reporting functions.
    Because the parties are members of the same corporate family, and 
the merger will not result in adverse changes in service levels, 
significant operational changes, or a change in the competitive balance 
with carriers operating outside the corporate family, the transaction 
qualifies for the class exemption at 49 CFR 1180.2(d)(3).
    As a condition to the 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, 84-90 (1979).
    If the 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 will not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 33648, must be filed with the Surface Transportation 
Board, Office of the Secretary, Case Control Unit, 1925 K Street, N.W., 
Washington, DC 20423-0001. In addition, one copy of each pleading must 
be served on James A. Squires, Three Commercial Place, Norfolk, VA 
23510-9241.
    Board decisions and notices are available on our website at 
``WWW.STB.DOT.GOV.''

    Decided: August 24, 1998.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 98-23351 Filed 8-28-98; 8:45 am]
BILLING CODE 4915-00-P