[Federal Register Volume 67, Number 251 (Tuesday, December 31, 2002)]
[Notices]
[Page 79960]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-32934]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34289]


Chicago, Peoria & Western Railway Company--Acquisition 
Exemption--Rail Line of Corn Products International, Inc.

    Chicago, Peoria & Western Railway Company (CPW), a noncarrier, has 
filed a verified notice of exemption under 49 CFR 1150.31 to acquire 
and operate approximately 17 miles of railroad right-of-way and 
trackage, referred to as the Argo Facility trackage, at transloading 
and storage facilities owned by Corn Products International, Inc. (CPI) 
at Argo Facility, in Bedford Park and Summit, IL. CPI owns the Argo 
Facility trackage and currently performs switching over the subject 
tracks with its own train and crew, interchanging traffic at a rail 
yard connection with the Canadian National/Illinois Central at its west 
end, with the Indiana Harbor Belt Railroad at its northeast end, and 
with the Belt Railway Company of Chicago (BRC) at its southeast end. 
CPW, a subsidiary of CPI, states that the Argo Facility trackage would 
constitute its entire line of railroad \1\ and that CPW would become 
the entity responsible for providing service to CPI over this trackage 
pursuant to an operating agreement entered into between CPW and CPI.
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    \1\ CPW currently owns some 3,000 feet of trackage which 
provides the connection used by BRC to gain access to the Ago 
Facility trackage.
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    CPW certifies that its projected revenues will not exceed those 
that would qualify it as a Class III rail carrier.
    CPW indicates that it expects to consummate the transaction on 
January 1, 2003.
    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 will not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 34289, 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 C. Dillon, Dillon & Nash, 
Ltd., 111 West Washington Street, Suite 719, Chicago, IL 60602.
    Board decisions and notices are available on our Web site at 
www.stb.dot.gov.

    Decided: December 23, 2002.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 02-32934 Filed 12-30-02; 8:45 am]
BILLING CODE 4915-00-P