Railroad Revenue Adequacy-2022 Determination
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Abstract
On September 5, 2023, the Board served a decision announcing the 2022 revenue adequacy determinations for the nation's Class I railroads. Five Class I railroads (BNSF Railway Company, CSX Transportation, Inc., Norfolk Southern Combined Railroad Subsidiaries, Soo Line Corporation, and Union Pacific Railroad Company) were found to be revenue adequate.
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<title>Federal Register, Volume 88 Issue 171 (Wednesday, September 6, 2023)</title>
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[Federal Register Volume 88, Number 171 (Wednesday, September 6, 2023)]
[Notices]
[Pages 61004-61005]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-19173]
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SURFACE TRANSPORTATION BOARD
[Docket No. EP 552 (Sub-No. 27)]
Railroad Revenue Adequacy--2022 Determination
AGENCY: Surface Transportation Board.
ACTION: Notice of decision.
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SUMMARY: On September 5, 2023, the Board served a decision announcing
the 2022 revenue adequacy determinations for the nation's Class I
railroads. Five Class I railroads (BNSF Railway 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 5, 2023.
FOR FURTHER INFORMATION CONTACT: Pedro Ramirez, (202) 245-0333. If you
require an accommodation under the Americans with Disabilities Act,
please call (202) 245-0245.
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 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 2022, this
number was determined to be 10.58% in Railroad Cost of Capital--2022,
EP 558 (Sub-No. 26) (STB served Aug. 3, 2023). The Board then applied
this revenue adequacy standard to each Class I railroad. Five Class I
carriers (BNSF Railway Company, CSX Transportation, Inc., Norfolk
Southern Combined Railroad Subsidiaries, Soo Line Corporation, and
Union Pacific Railroad Company) were found to be revenue adequate for
2022.
The decision in this proceeding is posted at <a href="http://www.stb.gov">www.stb.gov</a>.
Decided: August 30, 2023.
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By the Board, Board Members Fuchs, Hedlund, Oberman, Primus, and
Schultz.
Kenyatta Clay,
Clearance Clerk.
[FR Doc. 2023-19173 Filed 9-5-23; 8:45 am]
BILLING CODE 4915-01-P
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