Federal Register #FD 36933

Regulatory Notice: Railroad Line Acquisition and Operator Change in Northeast Texas

This notice from the Surface Transportation Board concerns a regulatory action involving the acquisition and operation of a railroad line in Northeast Texas. - Government Buyer: - Surface Transportation Board - Transaction Details: - Northeast Texas Railway Company (NETX), a noncarrier, will acquire approximately 65.59 miles of rail line from the Northeast Texas Rural Rail Transportation District - NETX will lease the right-of-way, acquire the track and track material, and operate the line as a common carrier - NETX will replace Northeast Texas Connector, LLC (NETC) as the operator - Regulatory and Revenue Information: - The transaction is exempt under 49 CFR 1150.31 - NETX certifies projected annual revenues will not exceed $5 million, ensuring it will not become a Class I or Class II rail carrier - Additional Details: - All known shippers have been notified - No interchange commitments are included in the agreement - No products or services are being solicited or awarded; this is a regulatory notice of a change in railroad ownership and operation

Description

This notice pertains to the acquisition of approximately 65.59 miles of rail line by Northeast Texas Railway Company (NETX) from the Northeast Texas Rural Rail Transportation District. NETX will lease the right-of-way, acquire the track and track material, and operate the line as a common carrier, replacing Northeast Texas Connector, LLC as the operator. The transaction is exempt under 49 CFR 1150.31 and is expected to be consummated after June 18, 2026. NETX certifies that its projected annual revenues will not exceed $5 million and that it will not become a Class I or Class II rail carrier.

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