Notice2026-10678
Long Ridge Railroad Company, LLC-Acquisition Exemption-Rail Line of East Ohio Valley Railway LLC
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 29, 2026
Issuing agencies
Surface Transportation Board
Full Text
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<title>Federal Register, Volume 91 Issue 103 (Friday, May 29, 2026)</title>
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[Federal Register Volume 91, Number 103 (Friday, May 29, 2026)]
[Notices]
[Pages 32189-32190]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-10678]
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SURFACE TRANSPORTATION BOARD
[Docket No. FD 36929]
Long Ridge Railroad Company, LLC--Acquisition Exemption--Rail
Line of East Ohio Valley Railway LLC
Long Ridge Railroad Company, LLC (LRRR), a noncarrier, has filed a
verified notice of exemption under 49 CFR 1150.31 to acquire from East
Ohio Valley Railway LLC (EOVR) and operate a 12.2-mile rail line
between milepost 60.5 near Powhatan Point, Ohio, and milepost 72.7 near
Hannibal, Ohio (the Line).
This transaction is related to a concurrently filed verified notice
of
[[Page 32190]]
exemption in East Ohio Valley Railway--Operation Exemption--Long Ridge
Railroad, Docket No. FD 36931, in which EOVR seeks authority to
continue operating the Line following the sale of the Line from EOVR to
LRRR.
According to the verified notice, LRRR is a Delaware limited
liability company and is wholly owned by MARA USA Corporation (MARA), a
Delaware corporation, which in turn is wholly owned by MARA Holdings,
Inc., a Nevada corporation. The verified notice states that MARA and
EOVR have entered into a Term Sheet providing that MARA's wholly owned
affiliate, LRRR, will acquire the Line and that EOVR will continue to
operate it. The verified notice further states that MARA and EOVR
intend to enter a full Asset Purchase Agreement (APA), as well as an
Operating Agreement, implementing the Term Sheet. According to the
verified notice, EOVR and LRRR intend to consummate the sale of the
Line to LRRR as soon as practicable following the signing of the APA,
the effective dates for both this verified notice of exemption and the
verified notice of exemption in Docket No. FD 36931, and the
satisfaction of all other conditions precedent to closing set forth in
the Operating Agreement and APA.
LRRR certifies that the transaction does not involve any provision
or agreement that may limit future interchange with a third-party
connecting carrier, nor is the Line currently subject to any agreement
that imposes such an interchange commitment.
LRRR further certifies that its projected annual revenues resulting
from the transaction will not exceed $5 million and will not result in
LRRR's becoming a Class I or Class II rail carrier.
The earliest this transaction may be consummated is June 12, 2026,
the effective date of the exemption (30 days after the verified notice
was filed).
If 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 will not automatically stay the effectiveness of the
exemption. Petitions for stay must be filed no later than June 5, 2026
(at least seven days before the exemption becomes effective).
All pleadings, referring to Docket No. FD 36929, must be filed with
the Surface Transportation Board via e-filing on the Board's website or
in writing addressed to 395 E Street SW, Washington, DC 20423-0001. In
addition, a copy of each pleading must be served on LRRR's
representative, Matthew J. Warren, Sidley Austin LLP, 1501 K Street NW,
Washington, DC 20005.
According to LRRR, this action is categorically excluded from
environmental review under 49 CFR 1105.6(c) and from historic
preservation reporting requirements under 49 CFR 1105.8(b).
Board decisions and notices are available at <a href="http://www.stb.gov">www.stb.gov</a>.
Decided: May 26, 2026.
By the Board, Anika S. Cooper, Chief Counsel, Office of Chief
Counsel.
Kenyatta Clay,
Clearance Clerk.
[FR Doc. 2026-10678 Filed 5-28-26; 8:45 am]
BILLING CODE 4915-01-P
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</html>Indexed from Federal Register on May 29, 2026.
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