Federal Register #FD 36945

Notice of Exemption for Rail Carrier Control Transaction by Avory B. Beggs

This notice from the Surface Transportation Board concerns a regulatory exemption for a rail carrier control transaction: - Government buyer: Surface Transportation Board (STB) - Transaction involves Avory B. Beggs acquiring an indirect controlling interest in two Class III rail carriers: - TransKentucky Transportation Railroad, Inc. - Youngstown & Southeastern Railroad, LLC - The acquisition is executed through the purchase of a controlling interest in Midwest & Bluegrass Rail, LLC, a noncarrier entity - No OEMs, vendors, products, or services are mentioned or requested - The exemption is granted because: - The transaction does not connect the involved railroads - No Class I rail carriers are involved - Labor protection conditions are not imposed due to the Class III status of the carriers - No procurement activity, product acquisition, or service contracting is associated with this notice

Description

This notice pertains to the exemption of certain railroads from regulatory requirements, involving Midwest & Bluegrass Rail, LLC, TransKentucky Transportation Railroad, Inc., and Youngstown & Southeastern Railroad, LLC. Avory B. Beggs seeks authorization to acquire an indirect controlling interest in two Class III rail carriers via acquisition of a controlling interest in Midwest & Bluegrass Rail, LLC. The transaction is exempt from prior approval requirements as it involves only Class III rail carriers and does not connect the railroads involved. The exemption is effective July 26, 2026, and the Surface Transportation Board is the issuing agency.

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