Federal Register #FD 36929

Regulatory Notice: Rail Line Acquisition Exemption for Long Ridge Railroad Company, LLC

This notice from the Surface Transportation Board concerns the regulatory exemption for the acquisition and operation of a 12.2-mile rail line in Ohio. - Government Buyer: - Surface Transportation Board - Transaction Details: - Long Ridge Railroad Company, LLC will acquire and operate a rail line from East Ohio Valley Railway LLC - The rail line runs between Powhatan Point and Hannibal, Ohio (12.2 miles) - East Ohio Valley Railway LLC will continue to operate the line under a new agreement - The transaction is exempt under 49 CFR 1150.31 - Corporate Structure: - Long Ridge Railroad Company, LLC is a subsidiary of MARA USA Corporation, wholly owned by MARA Holdings, Inc. - Financial and Regulatory Notes: - Projected annual revenues from the transaction will not exceed $5 million - Neither party will become a Class I or Class II rail carrier - No procurement of products or services is involved - No OEMs or vendors are mentioned, as this is not a procurement opportunity

Description

The Surface Transportation Board has issued a notice regarding the acquisition exemption of the rail line of East Ohio Valley Railway LLC by Long Ridge Railroad Company, LLC. The transaction involves Long Ridge Railroad Company, LLC acquiring and operating a 12.2-mile rail line between milepost 60.5 near Powhatan Point, Ohio, and milepost 72.7 near Hannibal, Ohio. The acquisition is exempt under 49 CFR 1150.31 and is related to a concurrent operation exemption filed by East Ohio Valley Railway LLC. The transaction is expected to be consummated on or after June 12, 2026, and the projected annual revenues will not exceed $5 million.

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