Finance Docket No. 33706]
Railnet, Inc.--Acquisition and Operation Exemption--The
January 8, 1999, Illinois Railnet, Inc. (IR), a Class III rail carrier,(1)
filed a verified notice of exemption under 49 CFR 1150.41 to acquire and operate
approximately 23.5-miles of rail line that is currently owned and operated by
The Burlington Northern and Santa Fe Railway Company (BNSF). The line, known as
the "Rockford Subdivision," runs between milepost 0.29 north of
transaction was scheduled to be consummated on or after
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 does not
automatically stay the transaction.(3)
original and 10 copies of all pleadings, referring to STB Finance Docket No.
33706, must be filed with the Surface Transportation Board, Office of the
Secretary, Case Control Unit,
CROSS & AUCHINCLOSS
N Street, N.W.
decisions and notices are available on our website at "WWW.STB.DOT.GOV."
the Board, David M. Konschnik, Director, Office of Proceedings.
IR certifies that its annual revenues,
including those expected to be derived from the line that is the subject of this
notice, will not exceed $5 million.
Pursuant to a pre-existing agreement with
BNSF, I&M Rail Link (IMRL) possesses trackage rights over a portion of the
line between milepost 11.69 at Davis Junction, IL, and milepost 23.79 at
By decision served on