[Federal Register Volume 72, Number 230 (Friday, November 30, 2007)]
[Notices]
[Pages 67784-67785]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-23180]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 35101]


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

    Chicago Terminal Railroad (CTR), a Class III rail carrier, has 
filed a verified notice of exemption under 49 CFR 1150.41 to lease from 
the Soo Line Railroad Company d/b/a Canadian Pacific Railway (CPR) and 
to operate approximately 3.47 miles of track within the Bensenville 
Industrial Park, originating at and connecting to a switch at milepost 
B-2 along CPR's line of rail in Bensenville, IL.\1\ Iowa Pacific 
Holdings, LLC owns CTR through its wholly owned subsidiary Permian 
Basin Railways, Inc.\2\
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    \1\ CTR states that it expects to execute an agreement shortly 
with CPR for the lease and operation of the rail property.
    \2\ See Iowa Pacific Holdings, LLC and Permian Basin Railways, 
Inc.--Continuance in Control Exemption--Chicago Terminal Railroad, 
STB Finance Docket No. 34967 (STB served Dec. 22, 2006).

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[[Page 67785]]

    CTR certifies that its projected annual revenues as a result of the 
transaction will not result in the creation of a Class II or Class I 
rail carrier and will not exceed $5 million.
    The transaction is expected to be consummated on or after December 
16, 2007, the effective date of the exemption (30 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 effectiveness of the 
exemption. Petitions for stay must be filed no later than December 7, 
2007 (at least 7 days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 35101, must be filed with the Surface Transportation 
Board, 395 E Street, SW., Washington, DC 20423-0001. In addition, a 
copy of each pleading must be served on John D. Heffner, 1750 K Street 
NW., Suite 350, Washington, DC 20006.
    Board decisions and notices are available on our Web site at http://www.stb.dot.gov.

    Decided: November 20, 2007.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
 [FR Doc. E7-23180 Filed 11-29-07; 8:45 am]
BILLING CODE 4915-01-P