[Federal Register Volume 66, Number 220 (Wednesday, November 14, 2001)]
[Notices]
[Page 57152]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-28089]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Docket No. MC-F-20986]


Greyhound Lines, Inc.--Corporate Family Transaction Exemption-
Merger of Continental Panhandle Lines, Inc., Into Texas, New Mexico & 
Oklahoma Coaches, Inc.

    Greyhound Lines, Inc. (Greyhound),\1\ a motor passenger carrier, 
has filed a verified notice of exemption under the Board's class 
exemption procedure at 49 CFR 1182.9.\2\ The exempt transaction 
involves the merger of Continental Panhandle Lines, Inc. (Panhandle), 
into Texas, New Mexico & Oklahoma Coaches, Inc. (TNM&O), with TNM&O as 
the surviving entity.\3\
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    \1\ The Board previously approved the merger of Greyhound into 
Laidlaw Transit Acquisition Corp., a wholly owned subsidiary of 
Laidlaw Inc. (Laidlaw), a noncarrier, under 49 U.S.C. 14303. 
Greyhound is now a subsidiary of Laidlaw Transportation, Inc., a 
noncarrier controlled by Laidlaw. See Laidlaw Inc. and Laidlaw 
Transit Acquisition Corp.-Merger-Greyhound Lines, Inc., STB Docket 
No. MC-F-20940 (STB served Dec. 17, 1998, Aug. 18 and Dec. 6, 2000).
    \2\ The Board exempted intra-corporate family transactions of 
motor carriers of passengers that do not result in significant 
operational changes, adverse changes in service levels, or a change 
in the competitive balance with carriers outside the corporate 
family in Class Exemption for Motor Passenger Intra-Corporate Family 
Transactions, STB Finance Docket No. 33685 (STB served Feb. 18, 
2000).
    \3\ Greyhound (MC-1515) directly controls Panhandle (MC-8742), a 
regional motor passenger carrier operating in Kansas, Oklahoma, and 
Texas, and through its wholly owned noncarrier subsidiary, GLI 
Holding Company, indirectly controls TNM&O (MC-61120), a regional 
motor passenger carrier operating in Colorado, Kansas, New Mexico, 
Oklahoma, and Texas.
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    The transaction was expected to be consummated on October 31, 2001.
    The transaction is intended to simplify Greyhound's corporate 
structure to eliminate overlapping management functions and reduce 
duplicating overhead and fixed costs. The transaction will permit the 
integration of the operations of Panhandle and TNM&O, particularly 
their special and charter operations, which are a significant part of 
the services rendered by both companies. It will also allow for 
integration of Panhandle's and TNM&O's schedules, resulting in 
increased travel options and more dependable bus service for 
passengers. In addition, the transaction will improve the utilization 
of facilities, equipment and drivers and enhance the seamless 
interlining of passengers.
    This is a transaction within a corporate family of the type 
specifically exempted from prior review and approval under 49 CFR 
1182.9. Greyhound states that the transaction will not result in 
adverse changes in service levels, significant operational changes, or 
a change in the competitive balance with carriers outside the corporate 
family. Greyhound also states that, because it directly or indirectly 
holds all of the stock of Panhandle and TNM&O, no contract or agreement 
will be entered into, except for the corporate documentation and 
filings required to effect the merger. Greyhound further states that 
there will be no significant effect upon employees because almost all 
of them will be retained.
    If the verified notice contains false or misleading information, 
the Board shall summarily revoke the exemption and require divestiture. 
Petitions to revoke the exemption under 49 U.S.C. 13541(d) may be filed 
at any time. See 49 CFR 1182.9(c).
    An original and 10 copies of all pleadings, referring to STB Docket 
No. MC-F-20986, 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 Fritz R. Kahn, 1920 N Street, NW. (8th Floor), Washington, DC 
20036-1601.
    Board decisions and notices are available on our website at 
``www.stb.dot.gov.''

    Decided: November 2, 2001.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 01-28089 Filed 11-13-01; 8:45 am]
BILLING CODE 4915-00-P