* BREAKING NEWS 2005-08-03 16:48:19 *
SURFACE TRANSPORTATION BOARD DECISION
STB Finance Docket No. 34734 - NORTHEAST INTERCHANGE RAILWAY, LLC – LEASE AND OPERATION EXEMPTION – LINE IN CROTON-ON-HUDSON, NEW YORK
STB Finance Docket No. 34735 - GORDON REGER – CONTINUANCE OF CONTROL EXEMPTION – NORTHEAST INTERCHANGE RAILWAY, LLC
The Surface Transportation Board is rejecting the notices of exemption filed in these proceedings because the class exemption process will not allow the Board to consider adequately matters that are likely to arise concerning the lease and operation transaction.