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CN seeks STB EJ&E decision by December.(INDUSTRY TODAY)
- Article from:
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Railway Track and Structures
- Article date:
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June 1, 2008
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Canadian National Railway filed a 54-page request with the U.S. Surface Transportation Board seeking a timeline, including a December 1 deadline for a final decision on its proposed purchase of the Elgin, Joliet and Eastern Railway. The company is concerned that a dragged-out process will hinder the purchase of the EJ&E line.
"The significant public benefits of the transaction have been put at risk by the lack of certainty regarding the likely date for concluding the review process and this proceeding," CN states in the document. "The board is required, upon request, to impose time limits, and the time limits suggested by CN here are reasonable given the circumstances of ...