Toledo, Peoria & Western Railway v. Surface Transportation Board
Court of Appeals for the Seventh Circuit
1Opinion of the Court
RIPPLE, Circuit Judge.
On April 9, 2003, Keokuk Junction Railway Company (“KJRY”) filed with the Surface Transportation Board (the “STB”) 1 a “feeder line” application under the Staggers Rail Act of 1980, 49 U.S.C. § 10907. 2 By this application, KJRY sought a court order mandating the sale of a rail line owned by Toledo, Peoria & Western Railway (“TP&W”). After extensive litigation on the subject, the STB granted this application, having found that KJRY had met the statutory requirements; it set the line’s net liquidation value, which is composed of the salvage value of the line’s track and…
2Cases cited17 opinions
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3Cited by1 opinion
- Toledo, Peoria & Western Railway v. Surface Transportation BoardCourt of Appeals for the Seventh Circuit · 2006