RailTex, Inc.Acquisition of Control ExemptionDallas, Garland & Northeastern Railroad, Inc.

Zusammenfassung

The Commission under 49 U.S.C. 10505 exempts from the prior approval requirements of 49 U.S.C. 11343, et seq., the acquisition of control by RailTex, Inc. of Dallas, Garland & Northeastern Railroad, Inc. (DGNO) subject to standard labor protective conditions. RailTex presently controls 15 class III rail carriers located in 20 states. DRGO became a carrier in 1992 pursuant to exemptions in Finance Docket No. 32014 to lease and operate Missouri Pacific Railroad Company lines in Texas, and Finance Docket No. 32015 to operate via trackage rights over Dallas Area Rapid Transit lines. At that time, DGNO was placed into an independent voting trust, which RailTex seeks to dissolve by acquiring control of DGNO.