Railroad Revenue Adequacy-2021 Determination
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Abstract
On September 6, 2022, the Board served a decision announcing the 2021 revenue adequacy determinations for the nation's Class I railroads. Five Class I railroads (BNSF Railroad Company, CSX Transportation, Inc., Norfolk Southern Combined Railroad Subsidiaries, Soo Line Corporation, and Union Pacific Railroad Company) were found to be revenue adequate.
Full Text
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<title>Federal Register, Volume 87 Issue 172 (Wednesday, September 7, 2022)</title>
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[Federal Register Volume 87, Number 172 (Wednesday, September 7, 2022)]
[Notices]
[Pages 54748-54749]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-19321]
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SURFACE TRANSPORTATION BOARD
[Docket No. EP 552 (Sub-No. 26)]
Railroad Revenue Adequacy--2021 Determination
AGENCY: Surface Transportation Board.
ACTION: Notice of decision.
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SUMMARY: On September 6, 2022, the Board served a decision announcing
the 2021 revenue adequacy determinations for the nation's Class I
railroads. Five Class I railroads (BNSF Railroad Company, CSX
Transportation, Inc., Norfolk Southern Combined Railroad Subsidiaries,
Soo Line Corporation, and Union Pacific Railroad Company) were found to
be revenue adequate.
DATES: This decision is effective on September 6, 2022.
FOR FURTHER INFORMATION CONTACT: Pedro Ramirez, (202) 245-0333.
Assistance for the hearing impaired is available through the Federal
Relay Service at (800) 877-8339.
SUPPLEMENTARY INFORMATION: Under 49 U.S.C. 10704(a)(3), the Board is
required to make an annual determination of railroad revenue adequacy.
A railroad is
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considered revenue adequate under 49 U.S.C. 10704(a) if it achieves a
rate of return on net investment (ROI) equal to at least the current
cost of capital for the railroad industry. For 2020, this number was
determined to be 10.37% in R.R. Cost of Capital--2021, EP 558 (Sub-No.
25) (STB served Aug. 2, 2022). The Board then applied this revenue
adequacy standard to each Class I railroad. Five Class I carriers (BNSF
Railroad Company, CSX Transportation, Inc., Norfolk Southern Combined
Railroad Subsidiaries, Soo Line Corporation, and Union Pacific Railroad
Company) were found to be revenue adequate for 2021.
The decision in this proceeding is posted at <a href="http://www.stb.gov">www.stb.gov</a>.
Decided: August 31, 2022.
By the Board, Board Members Fuchs, Hedlund, Oberman, Primus, and
Schultz.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2022-19321 Filed 9-6-22; 8:45 am]
BILLING CODE 4915-01-P
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