[Federal Register Volume 69, Number 67 (Wednesday, April 7, 2004)]
[Notices]
[Pages 18420-18421]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-7071]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34476]


Progressive Rail, Incorporated--Acquisition and Operation 
Exemption--Rail Lines of Union Pacific Railroad Company

    Progressive Rail, Incorporated (PGR), a Class III rail carrier, has 
filed a verified notice of exemption under 49 CFR 1150.41 to acquire by 
lease from Union Pacific Railroad Company (UP) and operate 
approximately 17.0 miles of rail line in Dakota and Scott Counties, MN. 
The lines consist of the Canon Falls Branch between milepost 58.1 at or 
near Northfield, MN, and milepost 73.7 at or near Canon Falls, MN (15.6 
miles), and the Faribault Industrial Lead between milepost 44.4 and 
milepost 45.8 at or near Faribault, MN (1.4 miles). The transaction 
also includes incidental trackage rights assigned by UP to PGR over the 
Canadian Pacific Railway Company between Northfield and Comus, MN, and 
over the Iowa, Chicago and Eastern Railroad Corp. between Comus and 
Faribault.
    PGR 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.

[[Page 18421]]

    The transaction was scheduled to be consummated on or about March 
15, 2004.
    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. 34476, 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 Thomas F. McFarland, 208 
LaSalle Street, Suite 1890, Chicago, IL 60604-1112.
    Board decisions and notices are available on our Web site at 
www.stb.dot.gov.

    Decided: March 23, 2004.
    By the Board, Joseph H. Dettmar, Acting Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 04-7071 Filed 4-6-04; 8:45 am]
BILLING CODE 4915-01-P