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Railroad Revenue Adequacy-2023 Determination

89 Fed. Reg. 73178 (Sep. 9, 2024)

Railroad Revenue Adequacy-2023 Determination

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Federal RegisterSep 9, 2024
89 Fed. Reg. 73178 (Sep. 9, 2024)
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    Surface Transportation Board
  • [Docket No. EP 552 (Sub-No. 28)]

    • AGENCY:

    Surface Transportation Board.

    ACTION:

    Notice of decision.

    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 www.stb.gov.

    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