Federal Register #FD 36918

Acquisition and Operation Exemption for Rail Line by 900 Conshohocken Rail LLC

This notice from the Surface Transportation Board concerns the acquisition and operation exemption for an 11-mile rail line in Conshohocken, Pennsylvania. - Government buyer: - Surface Transportation Board - Transaction details: - 900 Conshohocken Rail LLC, a noncarrier subsidiary of MLP Ventures, LLC, is acquiring the rail line from Cleveland-Cliffs Railways Inc. d/b/a Upper Merion & Plymouth Railroad - The acquisition is related to MLP Ventures' purchase of an idled steel plate finishing facility owned by Cleveland-Cliffs Plate LLC - Rail service provision: - 900 Conshohocken Rail LLC will provide rail service directly or through a contract service provider - The company expects to become a Class III carrier - Financial and operational notes: - Projected annual revenues from the transaction are not expected to exceed $5 million - The acquisition does not involve an interchange commitment - No procurement activity: - No specific products, services, OEMs, or vendors are being procured or listed in the notice

Description

900 Conshohocken Rail LLC, a noncarrier subsidiary of MLP Ventures, LLC, has filed a verified notice of exemption to acquire an approximately 11-mile rail line in Conshohocken, Pennsylvania, from Cleveland-Cliffs Railways Inc. d/b/a Upper Merion & Plymouth Railroad. The acquisition is related to MLP's acquisition of an idled steel plate finishing facility owned by Cleveland-Cliffs Plate LLC. Conshohocken Rail will provide rail service either directly or through a contract service provider and expects to become a Class III carrier. The transaction is expected to be consummated on or after July 12, 2026, and the projected annual revenues are not expected to exceed $5 million.

View original listing