Thomas L. Hey and James A. Hey - After-the-Fact Acquisition of Control of Minnesota Motor Bus, Inc.
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
In 2010, Thomas L. Hey and James A. Hey acquired 100% of the stock of Minnesota Motor Bus, Inc., an interstate passenger motor carrier, without first obtaining approval from the Surface Transportation Board. Both individuals already owned and controlled Southwest Coaches, Inc., another passenger carrier. On March 6, 2026, they filed for after-the-fact authority to correct the oversight. The Board has tentatively approved the 2010 transaction as consistent with the public interest, finding no adverse effects on competition, service adequacy, fixed charges, or employees. The two companies serve non-overlapping areas 120 miles apart and face substantial competition from other carriers and transport modes. If no opposing comments are filed by May 18, 2026, the notice becomes final and effective May 19, 2026.
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Key Changes
- After-the-fact approval granted for 2010 stock acquisition of Minnesota Motor Bus by Thomas and James Hey
- Comment deadline: May 18, 2026; reply deadline: June 2, 2026
- Transaction becomes effective May 19, 2026 if no opposing comments filed
+ 3 more changes with Pro
Obligations
What this law requires
Thomas L. Hey and James A. Hey must obtain Surface Transportation Board approval before acquiring control of interstate motor carriers
Applicants or interested parties must file any opposing comments with the Surface Transportation Board by May 18, 2026, or the after-the-fact authority approval becomes final and effective on May 19, 2026
If opposing comments are filed by May 18, 2026, Applicants may file a reply by June 2, 2026
Comments must be filed with the Surface Transportation Board either via e-filing or in writing addressed to 395 E Street SW, Washington, DC 20423-0001, with one copy sent to Edward Fishman at Hogan Lovells US LLP, Columbia Square, 555 Thirteenth Street NW, Washington, DC 20004-1109
Thomas L. Hey and James A. Hey must maintain separate and distinct operations of Minnesota Motor Bus, Inc. and Southwest Coaches, Inc. consistent with service area separation (120 miles apart) as reviewed by the Board