Notice2024-20210
Railroad Revenue Adequacy-2023 Determination
Primary source
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Published
September 9, 2024
Effective
September 6, 2024
Issuing agencies
Surface Transportation Board
Abstract
On September 6, 2024, the Board served a decision announcing the 2023 revenue adequacy determinations for the nation's Class I railroads. Three Class I railroads (BNSF Railway Company, CSX Transportation, Inc., and Union Pacific Railroad Company) were found to be revenue adequate.
Full Text
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<title>Federal Register, Volume 89 Issue 174 (Monday, September 9, 2024)</title>
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[Federal Register Volume 89, Number 174 (Monday, September 9, 2024)]
[Notices]
[Page 73178]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-20210]
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SURFACE TRANSPORTATION BOARD
[Docket No. EP 552 (Sub-No. 28)]
Railroad Revenue Adequacy--2023 Determination
AGENCY: Surface Transportation Board.
ACTION: Notice of decision.
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SUMMARY: On September 6, 2024, the Board served a decision announcing
the 2023 revenue adequacy determinations for the nation's Class I
railroads. Three Class I railroads (BNSF Railway Company, CSX
Transportation, Inc., and Union Pacific Railroad Company) were found to
be revenue adequate.
DATES: This decision is effective on September 6, 2024.
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 2023, this
number was determined to be 9.87% in Railroad Cost of Capital--2023, EP
558 (Sub-No. 27) (STB served Aug. 7, 2024). The Board then applied this
revenue adequacy standard to each Class I railroad. Three Class I
carriers (BNSF Railway Company, CSX Transportation, Inc., and Union
Pacific Railroad Company) were found to be revenue adequate for 2023.
The decision in this proceeding is posted at <a href="http://www.stb.gov">www.stb.gov</a>.
Decided: August 30, 2024.
By the Board, Board Members Fuchs, Hedlund, Primus, and Schultz.
Eden Besera,
Clearance Clerk.
[FR Doc. 2024-20210 Filed 9-6-24; 8:45 am]
BILLING CODE 4915-01-P
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</html>Indexed from Federal Register on September 9, 2024.
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