[Federal Register Volume 71, Number 246 (Friday, December 22, 2006)]
[Notices]
[Page 77094]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-21898]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34968]


Chicago Terminal Railroad--Acquisition and Operation Exemption--
Soo Line Railroad Company d/b/a Canadian Pacific Railway

    Chicago Terminal Railroad (CTR), a noncarrier, has filed a verified 
notice of exemption under 49 CFR 1150.31 to acquire and operate a line 
of railroad known as the C&E Line currently owned by the Soo Line 
Railroad Company d/b/a Canadian Pacific Railway, which consists of 
approximately 4.5 miles of rail line located in Chicago, Cook County, 
IL.\1\ Iowa Pacific Holdings LLC (IPH) will own CTR through its wholly 
owned subsidiary Permian Basin Railways Inc.
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    \1\ The line does not have any mileposts.
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    The transaction is related to STB Finance Docket No. 34967, Iowa 
Pacific Holdings LLC and Permian Basin Railways, Inc.--Continuance in 
Control Exemption--Chicago Terminal Railroad, wherein IPH and Permian 
have concurrently filed a verified notice of exemption to continue in 
control of CTR upon its becoming a Class III rail carrier.
    CTR certifies that the projected annual revenues as a result of 
this transaction will not result in the creation of a Class II or Class 
I rail carrier, and further certifies that its projected annual 
revenues will not exceed $5 million. The transaction is scheduled to be 
consummated on or after December 21, 2006.
    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. 34968, 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 John D. Heffner, 1920 N Street, 
NW., Suite 800, Washington, DC 20036.
    Board decisions and notices are available on our Web site at http://www.stb.dot.gov.

    Decided: December 14, 2006.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
 [FR Doc. E6-21898 Filed 12-21-06; 8:45 am]
BILLING CODE 4915-01-P