Fortress Shuffles Its Rail Toys Within the Family
Published Date: 9/11/2026
Notice
Summary
Fortress Investment Group is reshuffling its rail companies to make things run smoother. They’re moving control of Wheeling Corporation and its railroads from one part of their family to another, all under Wheeling Holding Company. This change won’t cost extra and keeps Fortress in charge, aiming for better teamwork and efficiency starting now.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Railworker Labor Protections Apply
If you work for the involved railroads (including Wheeling & Lake Erie Railway, a Class II carrier, and Akron Barberton Cluster Railway, a Class III carrier), the transfer of control is subject to the labor protection requirements of 49 U.S.C. 11326(b). The Surface Transportation Board stated the intra-corporate family transaction is exempt from prior approval and the exemption becomes effective September 27, 2026, but the carriers’ obligation to protect employee interests remains in place.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-20783, First Student, Inc.-Acquisition of Control-Autumn Transportation Inc. and Ambassador Wheelchair Services, Inc.
First Student, Inc. wants to take control of Autumn Transportation Inc. and Ambassador Wheelchair Services, Inc. by buying all their shares. The Surface Transportation Board is giving a thumbs-up to this deal, but people have until November 23, 2026, to share any concerns. If no one objects, the deal will go through on November 24, 2026, potentially changing how these transportation services operate.
2026-20455, 60-Day Notice of Intent To Seek Extension of Approval: Petitions for Declaratory Order and Petitions for Relief Not Otherwise Specified
The Surface Transportation Board wants to keep collecting info from folks like shippers, railroads, and communities who ask for official decisions to clear up disputes. They’re asking for your thoughts by December 7, 2026, to make sure the process stays smooth and useful. This won’t cost extra money but helps keep things clear and fair for everyone involved.
2026-20456, 60-Day Notice of Intent To Seek Extension of Approval: Classification Index Survey Form
The Surface Transportation Board wants to keep using its Classification Index Survey Form, which helps track railroad info. This affects railroad companies that don’t file the big annual report, and they’ll spend about 24 hours a year filling it out. Comments on this plan are open until December 7, 2026, with no changes or extra costs planned.
2026-20205, Macquarie Infrastructure Partners V GP, LLC, et al.-Control Exemption-Kankakee, Beaverville and Southern Railroad Company
Macquarie Infrastructure Partners V GP and its affiliates are taking control of the Kankakee, Beaverville and Southern Railroad, a freight railroad running about 160 miles in Illinois and Indiana. This change means Pinsly Holdco and Pinsly Railroad Company will now own and operate KBSR, which was previously controlled by the Stroo Family. The deal, agreed on September 16, 2026, expands Macquarie’s rail network without any immediate cost changes announced.
2026-20206, Union Pacific Railroad Company-Discontinuance of Service Exemption-in San Bernardino County, Cal.
Union Pacific Railroad is stopping freight service on a 2.76-mile stretch of track in Rialto, San Bernardino County, because no trains have run there for over two years. This change affects local businesses and residents in zip code 92376 but won’t disrupt other rail traffic. The service stop will take effect November 1, 2026, unless someone steps in to keep it running or files a complaint by early October.
2026-19711, CSX Transportation, Inc.-Abandonment Exemption-in Hamilton County, Ohio
CSX Transportation is planning to stop using about 2 miles of railroad track in Hamilton County, Ohio, because no trains have run there for over two years. This change affects local businesses and workers, but any employees impacted will get special protections. If no one steps up to save the line by October 8, 2026, the closure will go ahead on October 28, 2026.
Previous / Next Documents
Previous: 2026-18529, Agency Information Collection Activities; Proposed Collection; Comment Request; Medical Device Tracking
The FDA wants your thoughts on how they collect info to track medical devices. This affects companies that make or handle these devices and aims to keep things safe and clear. You’ve got until November 10, 2026, to share your comments—no cost, just your voice!
Next: 2026-18532, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 0-1 Under the Investment Company Act of 1940, Definition of Terms Used in This Part
The SEC is asking to keep using Rule 0-1, which helps define important terms for investment funds under the 1940 Act. This rule guides how funds and their boards handle conflicts of interest and use special exemptions. No big changes or costs are expected, but this keeps the rules clear and protects investors.