[Federal Register Volume 77, Number 179 (Friday, September 14, 2012)]
[Notices]
[Pages 56910-56911]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-22694]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. FD 35670]


Iowa Traction Railway Company--Acquisition and Operation 
Exemption--Rail Line of Iowa Traction Railroad Company

    Iowa Traction Railway Company (Iowa Railway), a noncarrier, has 
filed a verified notice of exemption under 49 CFR 1150.31 to acquire 
from Iowa Traction Railroad Company (Iowa Railroad) and to operate a 
10.4-mile rail line extending from milepost 0.0 at Mason City to 
milepost 10.4 at Clear Lake in Cerro Gordo County, Iowa (the Line). 
Iowa Railway states that the acquisition and operation of the Line do 
not involve any interchange commitments.
    In a related proceeding, Progressive Rail Incorporated has 
concurrently filed a verified notice of exemption to continue in 
control of Iowa Railway upon Iowa Railway's becoming a Class III rail 
carrier. Progressive Rail Inc.--Continuance in Control Exemption--Iowa 
Traction Ry., Docket No. FD 35671.
    The transaction may be consummated on or after September 30, 2012 
(30 days after the notice of exemption was filed).
    Iowa Railway 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 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 to stay must be filed no later than September 21, 
2012 (at least 7 days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 35670, 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 Thomas F. McFarland, 208 South LaSalle 
Street, Suite 1890, Chicago, IL 60604-1112.
    Board decisions and notices are available on our Web site at 
www.stb.dot.gov.

    Decided: September 11, 2012.


[[Page 56911]]


    By the Board, Rachel D. Campbell, Director, Office of 
Proceedings.
Derrick A. Gardner,
Clearance Clerk.
[FR Doc. 2012-22694 Filed 9-13-12; 8:45 am]
BILLING CODE 4915-01-P