[Federal Register Volume 65, Number 131 (Friday, July 7, 2000)]
[Notices]
[Page 42059]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-17122]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 33843]


Arkansas and Missouri Railroad Company--Lease and Operation 
Exemption--Union Pacific Railroad Company

    Arkansas and Missouri Railroad Company (A&M), a Class III rail 
carrier, has filed a verified notice of exemption under 49 CFR 1150.41 
to lease and operate 3.2 miles of rail line from Union Pacific Railroad 
Company (UP) at several locations near UP's Van Buren, Arkansas yard, 
in Sebastian County, AR. A&M states that there are no mileposts 
assigned to the area by UP.
    Because A&M's projected annual revenues will exceed $5 million, A&M 
has certified to the Board on June 8, 2000, that the required notice of 
the transaction was posted at the workplace of the employees on the 
affected lines on April 6, 2000. See 49 CFR 1150.42(e). A&M stated in 
its verified notice that the transaction was scheduled to be 
consummated on or about June 14, 2000.\1\
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    \1\ Due to the timing of A&M's certification to the Board, 
consummation under normal circumstances would have to be delayed 
until August 7, 2000 (60 days after A&M's certification to the Board 
that it had complied with the Board's rule at 49 CFR 1150.42(e)). In 
a decision in this proceeding served on June 29, 2000, however, the 
Board granted the request by A&M for waiver of the remainder of the 
60-day period, as measured from the certification date to the Board, 
to allow consummation to occur as early as June 29, 2000, because 
rail employees and their unions had been given more than 60 days' 
actual notice in this case.
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    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 does not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 33843, 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 James E. Howard, 90 Canal Street, Boston, MA 02114.
    Board decisions and notices are available on our website at 
``WWW.STB.DOT.GOV.''

    Decided: June 29, 2000.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 00-17122 Filed 7-6-00; 8:45 am]
BILLING CODE 4915-00-P