[Federal Register Volume 67, Number 105 (Friday, May 31, 2002)]
[Notices]
[Page 38180]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-13508]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34185]


Cloquet Terminal Railroad Company, Inc.--Acquisition and 
Operation Exemption--Duluth & Northeastern Railroad Company

    Cloquet Terminal Railroad Company, Inc. (Cloquet), a noncarrier,\1\ 
has filed a verified notice of exemption under 49 CFR 1150.31 to 
acquire from Duluth & Northeastern Railroad Company (DNRC) and operate 
the assets currently owned by DNRC, including a line of railroad 
between milepost 0.0 and milepost 1.24, a distance of 1.24 miles in 
Cloquet, Carlton County, MN.\2\
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    \1\ Cloquet is a wholly owned subsidiary of Northern Holdings 
LLC (Northern), a noncarrier, which has been or will be renamed 
Sappi Cloquet LLC. Northern has entered into an Asset Purchase 
Agreement with Potlatch Corporation, DNRC's owner, pursuant to which 
Cloquet will acquire and operate the assets of DNRC.
    \2\ According to Cloquet, there is additional trackage that is 
industrial or spur trackage serving only an adjacent paper 
production facility.
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    Cloquet indicates that it intends to consummate the transaction on 
or after the effective date of the exemption (7 days after the 
exemption was filed).\3\
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    \3\ Cloquet certifies that its projected annual revenues will 
not exceed those that would quality it as a Class III carrier.
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    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 will not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 34185, must be filed with the Surface Transportation 
Board, Case Control Unit, 1925 K Street, NW., Washington, DC 20423-
0001. In addition, a copy of each pleading must be served on Diane P. 
Gerth, Leonard, Street and Deinard, 150 South Fifth St., Suite 2300, 
Minneapolis, MN 55402.
    Board decisions and notices are available on our website at 
WWW.STB.DOT.GOV.

    Decided: May 23, 2002.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 02-13508 Filed 5-30-02; 8:45 am]
BILLING CODE 4915-00-P