Class III rail carrier Sierra Northern Railway has filed a verified notice of exemption to acquire and operate roughly 0.58 miles of double-track rail line.
The line is between milepost 4.01 and milepost 4.31 in the Sacramento-Yolo Port District in Yolo County, California. The railway said it owns and operates the line as an excepted track but seeks to convert it to a mainline track to provide common carrier rail service to its transloading customers in the district.
According to SNR, the line connects to a 3.1-mile rail line, sometimes called the Sacramento-Yolo Port Belt Railroad, that is leased by SNR and owned by the district. Upon consummating the transaction, SNR affirms that it will hold itself out to provide common carrier service over the line via a tariff.
SNR certifies that the proposed transaction does not involve a provision or agreement that may limit future interchange with a third-party connecting carrier. SNR further certifies that its projected annual revenues from this transaction are not expected to exceed those qualifying it as a Class III rail carrier and will not exceed $5 million.
The transaction may be consummated on or after May 15, the exemption’s effective date, 30 days after the verified notice was filed.
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