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Railroad Revenue Adequacy-2023 Determination

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 C...

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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

Legal Citation

Federal Register Citation

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

89 FR 73178

Web Citation

Suggested Web Citation

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

“Railroad Revenue Adequacy-2023 Determination,” thefederalregister.org (September 9, 2024), https://thefederalregister.org/documents/2024-20210/railroad-revenue-adequacy-2023-determination.