Document

Quarterly Rail Cost Adjustment Factor

The Surface Transportation Board has adopted the first quarter 2024 Rail Cost Adjustment Factor and cost index filed by the Association of American Railroads.

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Surface Transportation Board

[Docket No. EP 290 (Sub-No. 5) (2024-1)]

AGENCY:

Surface Transportation Board.

ACTION:

Approval of rail cost adjustment factor.

SUMMARY:

The Surface Transportation Board has adopted the first quarter 2024 Rail Cost Adjustment Factor and cost index filed by the Association of American Railroads.

DATES:

Applicability Date: January 1, 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:

The rail cost adjustment factor (RCAF) is an index formulated to represent changes in railroad costs incurred by the nation's largest railroads over a specified period of time. Under 49 U.S.C. 10708, the Surface Transportation Board (Board) is required to publish the RCAF on at least a quarterly basis. Each quarter, the Association of American Railroads computes three types of RCAF figures and submits those figures to the Board for approval. The Board has reviewed the submission and adopts the RCAF figures for the first quarter of 2024. The first quarter 2024 RCAF (Unadjusted) is 0.974. The first quarter 2024 RCAF (Adjusted) is 0.383. The first quarter ( printed page 89004) 2024 RCAF-5 is 0.367. Additional information is contained in the Board's decision, which is available at www.stb.gov.

Decided: December 19, 2023.

By the Board, Board Members Fuchs, Hedlund, Oberman, Primus, and Schultz.

Brendetta Jones,

Clearance Clerk.

[FR Doc. 2023-28318 Filed 12-22-23; 8:45 am]

BILLING CODE 4915-01-P

Legal Citation

Federal Register Citation

Use this for formal legal and research references to the published document.

88 FR 89003

Web Citation

Suggested Web Citation

Use this when citing the archival web version of the document.

“Quarterly Rail Cost Adjustment Factor,” thefederalregister.org (December 26, 2023), https://thefederalregister.org/documents/2023-28318/quarterly-rail-cost-adjustment-factor.