[Federal Register Volume 81, Number 37 (Thursday, February 25, 2016)]
[Notices]
[Page 9576]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-04015]


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SURFACE TRANSPORTATION BOARD

[Docket No. FD 35993]


Grenada Railroad, LLC--Lease and Operation Exemption--Illinois 
Central Railroad Company

    Grenada Railroad, LLC (Grenada Railroad), a Class III rail carrier, 
has filed a verified notice of exemption under 49 CFR 1150.41 to lease 
from Illinois Central Railroad Company (Illinois Central),\1\ and to 
operate approximately 2.5 miles of rail line between milepost 703.8 and 
milepost 706.3, including but not limited to any sidings, yard tracks, 
yard leads or ancillary tracks, switches, signals, crossings, 
structures, bridges, together with land upon which said tracks are 
situated, in Canton, Miss.
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    \1\ Illinois Central is a subsidiary of the Canadian National 
Railway.
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    Grenada Railroad currently holds authority to operate within the 
State of Mississippi pursuant to a 15-year lease/purchase and operating 
agreement executed on June 23, 2015.\2\ The purpose of this transaction 
is to facilitate an agreement between Grenada Railroad and Illinois 
Central for Grenada Railroad to provide improved service to Barnett 
Phillips Lumber Co., a shipper located in Canton.
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    \2\ Ill. Co. R.R.--Lease & Operation Exemption--N. Cent. Miss. 
Reg'l R.R. Auth. & Grenada Ry., FD 35940 (STB served July 9, 2015). 
Grenada Railroad was formerly known as Illinois Company Rail Road, 
LLC. In a letter filed on July 14, 2015, the Board was notified of 
the name change. Grenada Railroad is indirectly owned by Iowa 
Pacific Holdings, LLC, through its wholly owned, noncarrier 
subsidiary, Permian Basin Railways.
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    Grenada Railroad states that there are no agreements applicable to 
the line imposing any interchange commitments.
    The transaction may be consummated on or after March 10, 2016, the 
effective date of the exemption (30 days after the verified notice of 
exemption was filed).
    Grenada Railroad certifies that its projected annual revenues as a 
result of this transaction will not exceed $5 million or result in the 
creation of a Class II or Class I rail carrier.
    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 March 3, 2016 
(at least seven days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 35993, must be filed with the Surface Transportation Board, 395 E 
Street SW., Washington, DC 20423-0001. In addition, one copy of each 
pleading must be served on John D. Heffner, Strasburger & Price, LLP, 
1025 Connecticut Ave. NW., Suite 717, Washington, DC 20036.
    According to Grenada Railroad, this action is categorically 
excluded from environmental review under 49 CFR 1105.6(c).
    Board decisions and notices are available on our Web site at 
WWW.STB.DOT.GOV.

    Decided: February 22, 2016.

    By the Board, Rachel D. Campbell, Director, Office of 
Proceedings.
Tia Delano,
Clearance Clerk.
[FR Doc. 2016-04015 Filed 2-24-16; 8:45 am]
 BILLING CODE 4915-01-P