|SURFACE TRANSPORTATION BOARD DECISION DOCUMENT|
|MISSISSIPPI & SKUNA VALLEY RAILRAOD, LLC-ACQUISITION AND OPERATION EXEMPTION- MISSISSIPPI & SKUNA VALLEY RAILROAD COMPANY|
|Notice Of Exemption|
|Director Of Proceedings|
|PROVIDED NOTICE THAT MISSISSIPPI & SKUNA VALLEY RAILROAD, LLC FILED A NOTICE OF EXEMPTION TO ACQUIRE FROM MISSISSIPPI & SKUNA VALLEY RAILROAD COMPANY AND OPERATE OVER 21 MILES OF RAIL LINE IN YALOBUSHA AND CALHOUN COUNTIES, MISS.|
| 10 KB|
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|Full Text of Decision|
41198 SERVICE DATE – NOVEMBER 5, 2010
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35429]
Mississippi & Skuna Valley Railroad, LLC (MSV), a noncarrier, has filed a verified notice of exemption under 49 C.F.R. § 1150.31 to acquire from Mississippi & Skuna Valley Railroad Company and to operate over approximately 21 miles of rail line between milepost 21.0 (Bruce Junction) and milepost 0.0 (Bruce) in Yalobusha and Calhoun Counties, Miss.
This transaction is related to a transaction in which Patriot Rail, LLC and its subsidiaries entered into an asset purchase agreement on July 21, 2010, to acquire from Weyerhaeuser NR Company certain rail assets and the rail assets of five of its subsidiaries.
This transaction is also related to six other transactions for which notices of exemption have been concurrently filed: Docket No. FD 35425, Tennessee Southern Railroad Company, Patriot Rail, LLC, Patriot Rail Holdings LLC, and Patriot Rail Corp.—Continuance in Control Exemption—Columbia & Cowlitz Railway, LLC, Dequeen and Eastern Railroad, LLC, Golden Triangle Railroad, LLC, Mississippi & Skuna Valley Railroad, LLC, Patriot Woods Railroad, LLC, and Texas, Oklahoma & Eastern Railroad, LLC, in which Patriot Rail, LLC and its subsidiaries seek to continue in control of MSV in this proceeding and five other newly created noncarrier subsidiaries, upon the latter becoming Class III rail carriers in the following proceedings: (1) Docket No. FD 35426, Columbia & Cowlitz Railway, LLC—Acquisition and Operation Exemption—Columbia & Cowlitz Railway Company; (2) Docket No. FD 35427, DeQueen and Eastern Railroad, LLC—Acquisition and Operation Exemption—DeQueen and Eastern Railroad Company; (3) Docket No. FD 35428, Golden Triangle Railroad, LLC—Acquisition and Operation Exemption—Golden Triangle Railroad Company; (4) Docket No. FD 35430, Texas, Oklahoma & Eastern Railroad, LLC—Acquisition and Operation Exemption—Texas, Oklahoma & Eastern Railroad Company; and (5) Docket No. FD 35431, Patriot Woods Railroad, LLC—Acquisition and Operation Exemption—Weyerhaeuser NR Company, Weyerhaeuser Woods Railroad Operating Division.
The parties intend to consummate the transaction on or after December 21, 2010.
MSV certifies that its projected annual revenues as a result of the transaction will not exceed those that would qualify it as a Class III rail carrier and further certifies that its projected annual revenues will not exceed $5 million.
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 November 12, 2010 (at least 7 days before the exemption becomes effective).
original and 10 copies of all pleadings, referring to Docket No. FD 35429
must be filed with the Surface Transportation Board, 395 E Street,
Board decisions and notices are available on our website at “WWW.STB.DOT.GOV.”
Decided: November 1, 2010.
By the Board, Rachel D. Campbell, Director, Office of Proceedings.