[Federal Register Volume 85, Number 107 (Wednesday, June 3, 2020)]
[Notices]
[Pages 34273-34274]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12045]


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SURFACE TRANSPORTATION BOARD

[Docket No. FD 36404]


Iowa Northern Railway Company--Acquisition Exemption--D&W 
Railroad, LLC

    Iowa Northern Railway Company (Iowa Northern), a Class III rail 
carrier, has filed a verified notice of exemption under 49 CFR 1150.41 
to acquire from D&W Railroad, LLC (D&W) approximately 23.40 miles of 
rail line, as follows: (i) The rail line from milepost 332.0 at Dewar, 
Iowa, to milepost 354.5 (end of line), including the most easterly rail 
line and right of way, known as the Main Line, which is located 
adjacent to the Oelwein Yard in Oelwein, Iowa, (ii) the rail line from 
milepost 245.58 to milepost 245.0 at Oelwein, and (iii) the rail line 
that comprises 0.32 miles of wye track at Oelwein that connects the so-
called ``East Leg'' track to the Main Line track (collectively, the 
Line).
    The verified notice states that Iowa Northern has been serving as 
the operator on the Line since September 2003. See also Iowa N. Ry.--
Operation

[[Page 34274]]

Exemption--Rail Lines of D&W R.R., FD 34402 (STB served Oct. 8, 2003). 
Under the parties' Asset Purchase Agreement, ownership of the Line will 
transfer to Iowa Northern, who will continue to operate and provide all 
rail common carrier service to shippers on the Line after the exemption 
becomes effective.
    Iowa Northern certifies that its projected annual revenues as a 
result of this transaction will not exceed those that would qualify it 
as a Class III rail carrier and will not exceed $5 million annually. 
Iowa Northern further certifies that the acquisition does not involve 
an interchange commitment.
    The transaction may be consummated on or after June 17, 2020, the 
effective date of the exemption (30 days after the verified notice was 
filed).\1\
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    \1\ Iowa Northern supplemented its verified notice on May 18, 
2020, which therefore will be considered the filing date for the 
purpose of calculating the effective date of the exemption.
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    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 effectiveness of the 
exemption. Petitions to stay must be filed no later than June 10, 2020 
(at least seven days before the exemption becomes effective).
    All pleadings, referring to Docket No. FD 36404, must be filed with 
the Surface Transportation Board either via e-filing or in writing 
addressed to 395 E Street SW, Washington, DC 20423-0001. In addition, a 
copy of each pleading must be served on Iowa Northern's representative: 
T. Scott Bannister, Iowa Northern Railway Company, 201 Tower Park 
Drive, Suite 300, Waterloo, IA 50701.
    Board decisions and notices are available at www.stb.gov.

    Decided: May 28, 2020.

    By the Board, Allison C. Davis, Director, Office of Proceedings.
Jeffrey Herzig,
Clarence Clerk.
[FR Doc. 2020-12045 Filed 6-2-20; 8:45 am]
 BILLING CODE 4915-01-P