[Federal Register Volume 67, Number 153 (Thursday, August 8, 2002)]
[Notices]
[Page 51620]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-19528]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34228]


S&L Railroad, LLC--Acquisition and Operation Exemption--Progress 
Rail Services Corporation d/b/a Sidney & Lowe Railroad

    S&L Railroad, LLC (S&L), a noncarrier and wholly owned subsidiary 
of Progress Rail Services Corporation doing business as Sidney & Lowe 
Railroad (PRSC), has filed a notice of exemption under 49 CFR 1150.31 
to acquire from PRSC and operate approximately 11 miles of rail line 
and connecting track known as the Sidney & Lowe Railroad Line, 
extending from milepost 0 at Huntsman, NE, where it connects with a 
rail line of The Burlington Northern and Santa Fe Railway Company, to 
milepost 10 at Brownson, NE, where it connects with a rail line of 
Union Pacific Railroad Company.
    According to S&L, an agreement has been reached between S&L and 
PRSC regarding the sale and operation of the rail line. S&L certifies 
that its projected annual revenues as a result of this transaction do 
not exceed those that would qualify it as a Class III rail carrier, and 
that such revenues will not exceed $5 million annually.
    The transaction was scheduled to be consummated on or shortly after 
July 22, 2002, the effective date of the exemption (7 days after the 
exemption was filed).
    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. 34228 must be filed with the Surface Transportation 
Board, 1925 K Street, NW., Washington, DC 20423-0001. In addition, a 
copy of each pleading must be served on J. Duane Cantrell, Progress 
Rail Services Corporation, 1600 Progress Drive, Albertville, AL 35950.
    Board decisions and notices are available on our website at 
``http://WWW.STB.DOT.GOV.''

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
    Decided: July 29, 2002.
Vernon A. Williams,
 Secretary.
[FR Doc. 02-19528 Filed 8-7-02; 8:45 am]
BILLING CODE 4915-00-P