[Federal Register Volume 67, Number 186 (Wednesday, September 25, 2002)]
[Notices]
[Page 60280]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-24216]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 30142 (Sub-No. 5)]


Norfolk Southern Railway Company--Extension of Lease Exemption--
Virginia and Southwestern Railway Company

    Norfolk Southern Railway Company (NSR),\1\ a Class I rail carrier, 
has leased and operated the properties of its wholly owned subsidiary, 
Virginia and Southern Railway Company (VSW), consisting of 
approximately 100 miles of rail line in Tennessee and Virginia, under a 
lease originally authorized by the Board's predecessor, the Interstate 
Commerce Commission, in 1958. The lease, which has been extended five 
times, is scheduled to expire on March 14, 2003. The railroads have 
agreed to extend the lease until March 14, 2023.
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    \1\ NSR, formerly known as Southern Railway Company, is 
controlled through stock ownership by Norfolk Southern Corporation, 
a noncarrier holding company.
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    This verified notice is filed under 49 CFR 1180.2(d)(3), which 
exempts transactions within a corporate family and do not result in 
adverse changes in service levels, significant operational changes, or 
a change in the competitive balance with carriers outside the corporate 
family; and 49 CFR 1180.2(d)(4), which exempts renewals of leases and 
other matters where the Board has previously authorized the 
transactions, and only an extension in time is involved.
    If the verified notice contains false or misleading information, 
the exemption is void ab initio. Petitions to reopen the proceeding 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.
    Any employee affected by the subject transaction will be protected 
by the labor conditions imposed in Mendocino Coast Ry., Inc.--Lease and 
Operate, 354 I.C.C. 732 (1978), as modified in Mendocino Coast Ry., 
Inc.--Lease and Operate, 360 I.C.C. 653 (1980), aff'd sub nom. RLEA v. 
ICC, 675 F.2d 1248 (D.C. Cir. 1982).
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 30142 (Sub-No. 5), must be filed with the Surface 
Transportation Board, 1925 K Street, NW., Washington, DC 20423-0001. In 
addition, one copy of each pleading must be served on David A. Shelton, 
Three Commercial Place, Norfolk, VA 23510-9241.
    Board decisions and notices are available on our Web site at 
WWW.STB.DOT.GOV.

    Decided: September 17, 2002.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 02-24216 Filed 9-24-02; 8:45 am]
BILLING CODE 4915-00-P