{"abstract":"The Surface Transportation Board (Board) is accepting for consideration the application filed May 22, 2007, by Fortress Investment Group LLC, on behalf of certain private equity funds managed by it and its affiliates (Fortress); Iron Horse Acquisition Holding LLC, a Delaware limited liability company and affiliate of Fortress (Iron Horse); NEWCO, a Delaware limited liability company and affiliate of Fortress; RailAmerica, Inc. (RailAmerica); and Florida East Coast Industries, Inc. (FECI) and its wholly owned subsidiary, Florida East Coast Railway, LLC (FECR). The application seeks Board approval under 49 U.S.C. 11321-26 of the acquisition and control of FECR by NEWCO (and, indirectly, by Fortress). This proposal is referred to as the Transaction, and Fortress, Iron Horse, NEWCO, RailAmerica, FECI, and FECR are referred to collectively as applicants. Also on May 22, 2007, applicants submitted a petition for revocation of class exemptions pursuant to 49 U.S.C. 10502(d), asking the Board to revoke the class exemptions set forth in 49 CFR 1180.2(d)(2) and 1180.2(d)(3) with respect to the Transaction. The Board finds that the Transaction is a \"minor transaction\" under 49 CFR 1180.2(c) and revokes the class exemptions that would otherwise have applied. The Board adopts a procedural schedule for consideration of the application, under which the Board's final decision would be issued on September 28, 2007.","action":"Decision No. 2 in STB Finance Docket No. 35031; Notice of Acceptance of Application; Issuance of Procedural Schedule.","agencies":[{"raw_name":"DEPARTMENT OF TRANSPORTATION","name":"Transportation Department","id":492,"url":"https://www.federalregister.gov/agencies/transportation-department","json_url":"https://www.federalregister.gov/api/v1/agencies/492","parent_id":null,"slug":"transportation-department"},{"raw_name":"SURFACE TRANSPORTATION BOARD","name":"Surface Transportation Board","id":481,"url":"https://www.federalregister.gov/agencies/surface-transportation-board","json_url":"https://www.federalregister.gov/api/v1/agencies/481","parent_id":null,"slug":"surface-transportation-board"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2007/06/21/E7-11759.html","cfr_references":[],"citation":"72 FR 34349","comment_url":null,"comments_close_on":"2007-08-14","correction_of":null,"corrections":[],"dates":"The effective date of this decision is June 21, 2007. Any person who wishes to participate in this proceeding as a party of record (POR) must file, no later than July 5, 2007, a notice of intent to participate. All comments, protests, requests for conditions, and any other evidence and argument in opposition to the application, including filings by the U.S. Department of Justice (DOJ) and the U.S. Department of Transportation (DOT), must be filed by July 30, 2007. Responses to comments, protests, requests for conditions, and other opposition, and rebuttal in support of the application must be filed by August 14, 2007. If a public hearing or oral argument is held, it will be held on a date to be determined by the Board. The Board will issue its final decision on September 28, 2007. For further information respecting dates, see Appendix A (Procedural Schedule).","disposition_notes":null,"docket_ids":["STB Finance Docket No. 35031"],"dockets":[],"document_number":"E7-11759","effective_on":"2007-06-21","end_page":34353,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2007/06/21/E7-11759.xml","html_url":"https://www.federalregister.gov/documents/2007/06/21/E7-11759/fortress-investment-group-llc-et-al-control-florida-east-coast-railway-llc","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/E7-11759?publication_date=2007-06-21","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2007-06-21/E7-11759/mods.xml","not_received_for_publication":null,"page_length":5,"page_views":{"count":179,"last_updated":"2026-04-04 14:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2007-06-21/pdf/E7-11759.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2007-06-21","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2007/06/21/E7-11759.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":34349,"subtype":null,"title":"Fortress Investment Group LLC, et al.-Control-Florida East Coast Railway, LLC","toc_doc":"Fortress Investment Group LLC et al.","toc_subject":"Railroad operation, acquisition, construction, etc.:","topics":[],"type":"Notice","volume":72}