[Federal Register Volume 80, Number 205 (Friday, October 23, 2015)]
[Notices]
[Page 64491]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27052]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35966]
Martin Marietta Materials, Inc.--Acquisition of Control
Exemption--Rock & Rail, Inc.
Martin Marietta Materials, Inc. (MMM), a noncarrier, has filed a
verified notice of exemption under 49 CFR 1180.2(d)(2) to acquire
control of Rock & Rail, Inc. (RRI), a Class III rail carrier.
According to MMM, it currently controls Alamo North Texas Railroad
(ANT),\1\ a Class III rail carrier, which has lines in Wise County,
Tex., and Alamo Gulf Coast Railroad (AGC), a Class III rail carrier,
which has lines in Bexar County, Tex. MMM states that RRI has lines in
Pueblo and Canon City, Colo., and that the proposed transaction would
not connect ANT, AGC, or RRI. MMM and RRI have signed a letter of
intent \2\ by which MMM will acquire indirect ownership of 100% of the
stock of RRI. The transaction is scheduled to be consummated on or
after November 8, 2015, the effective date of the exemption.
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\1\ See Martin Marietta Materials, Inc.--Continuance in Control
Exemption--Alamo N. Tex. R.R., FD 34266 (STB served Dec. 13, 2002).
\2\ An unredacted copy of the letter of intent was filed
concurrently under seal, along with a motion for protective order
pursuant to 49 CFR 1104.14(b). That motion will be addressed in a
separate decision.
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MMM states that: (i) The railroads do not connect with each other
or any railroad in their corporate family; (ii) the proposed
transaction is not part of a series of anticipated transactions that
would connect the railroads with each other or any railroad in their
corporate family; and (iii) the transaction does not involve a Class I
carrier. Therefore, the transaction is exempt from the prior approval
of requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(2).
Under 49 U.S.C. 10502(g), the Board may not use its exemption
authority to relieve a rail carrier of its statutory obligation to
protect the interests of its employees. Section 11326(c), however, does
not provide for the labor protection for transactions under Sec. Sec.
11324 and 11325 that involve only Class III rail carriers. Because this
transaction involves Class III rail carriers only, the Board, under the
statute, may not impose labor protective conditions for this
transaction.
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 transaction.
Petitions to stay must be filed no later than October 30, 2015 (at
least seven days before the exemption becomes effective).
An original and ten copies of all pleadings referring to Docket No.
FD 35966, 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 William A. Mullins, Baker & Miller PLLC,
2401 Pennsylvania Ave. NW., Suite 300, Washington, DC 20037.
Board decisions and notices are available on our Web site at
WWW.STB.DOT.GOV.
Decided: October 20, 2015.
By the Board, Rachel D. Campbell, Director, Office of
Proceedings.
Brendetta S. Jones,
Clearance Clerk.
[FR Doc. 2015-27052 Filed 10-22-15; 8:45 am]
BILLING CODE 4915-01-P