Notice2025-16141
Railroad Revenue Adequacy-2024 Determination
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 22, 2025
Effective
August 20, 2025
Issuing agencies
Surface Transportation Board
Abstract
On August 20, 2025, the Board served a decision announcing the 2024 revenue adequacy determinations for the nation's Class I railroads. Two Class I railroads (CSX Transportation, Inc., and Union Pacific Railroad Company) were found to be revenue adequate.
Full Text
<html>
<head>
<title>Federal Register, Volume 90 Issue 161 (Friday, August 22, 2025)</title>
</head>
<body><pre>
[Federal Register Volume 90, Number 161 (Friday, August 22, 2025)]
[Notices]
[Page 41157]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-16141]
=======================================================================
-----------------------------------------------------------------------
SURFACE TRANSPORTATION BOARD
[Docket No. EP 552 (Sub-No. 29)]
Railroad Revenue Adequacy--2024 Determination
AGENCY: Surface Transportation Board.
ACTION: Notice of decision.
-----------------------------------------------------------------------
SUMMARY: On August 20, 2025, the Board served a decision announcing the
2024 revenue adequacy determinations for the nation's Class I
railroads. Two Class I railroads (CSX Transportation, Inc., and Union
Pacific Railroad Company) were found to be revenue adequate.
DATES: This decision is effective on August 20, 2025.
FOR FURTHER INFORMATION CONTACT: Pedro Ramirez, (202) 915-0862. 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 2024, this
number was determined to be 10.68% in Railroad Cost of Capital--2024,
EP 558 (Sub-No. 28) (STB served July 21, 2025). The Board then applied
this revenue adequacy standard to each Class I railroad. Two Class I
carriers (CSX Transportation, Inc., and Union Pacific Railroad Company)
were found to be revenue adequate for 2024.
The decision in this proceeding is posted at <a href="http://www.stb.gov">www.stb.gov</a>.
Decided: August 14, 2025.
By the Board, Board Members Fuchs, Hedlund, Primus, and Schultz.
Regena Smith-Bernard,
Clearance Clerk.
[FR Doc. 2025-16141 Filed 8-21-25; 8:45 am]
BILLING CODE 4915-01-P
</pre></body>
</html>Indexed from Federal Register on August 22, 2025.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.