Carload Express, Inc.-Control Exemption-The Maryland and Delaware Railroad Company
Published Date: 1/7/2025
Notice
Summary
Carload Express, Inc. is getting the green light to take control of The Maryland and Delaware Railroad Company by buying its shares from Old Line Holdings. This move connects Carload’s existing railroads in the region, making operations smoother without any big cost changes or delays. The Surface Transportation Board approved this deal quickly, so the railroads can keep rolling without missing a beat.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
No Labor Protections for Class III Transaction
Because all carriers involved are Class III rail carriers, the Board said it may not impose labor protective conditions under 49 U.S.C. 11326(c). This means the Board did not add statutory labor protections for employees as part of this control exemption.
Board Approves Carload Control of MDDE
The Surface Transportation Board exempted Carload Express, Inc. from prior approval and allowed Carload to acquire control of The Maryland and Delaware Railroad Company effective January 31, 2025. The Board found the transaction will not cause any shipper to lose rail service or existing competitive options and said shippers may benefit from improved coordination and efficiencies.
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