[Federal Register Volume 64, Number 194 (Thursday, October 7, 1999)]
[Notices]
[Page 54729]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-26203]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
Indexing the Annual Operating Revenues of Railroads
This Notice sets forth the annual inflation adjusting index numbers
which are used to adjust gross annual operating revenues of railroads
for classification purposes. This indexing methodology will insure that
regulated carriers are classified based on real business expansion and
not from the effects of inflation. Classification is important because
it determines the extent of reporting for each carrier.
The railroad's inflation factors are based on the annual average
Railroad's Freight Price Index. This index is developed by the Bureau
of Labor Statistics (BLS). This index will be used to deflate revenues
for comparison with established revenue thresholds.
The base year for railroads is 1991. The inflation index factors
are presented as follows:
------------------------------------------------------------------------
Railroad Freight Index
---------------------------
Deflator
Index percent
------------------------------------------------------------------------
1991........................................ 409.5 1100.00
1992........................................ 411.8 99.45
1993........................................ 415.5 98.55
1994........................................ 418.8 97.70
1995........................................ 418.17 97.85
1996........................................ 417.46 98.02
1997........................................ 419.67 97.50
1998........................................ 424.54 96.38
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\1\ Ex Parte No. 492, Montana Rail Link, Inc., and Wisconsin Central
Ltd., Joint Petition For Rulemaking With Respect To 49 CFR 1201, 8
I.C.C. 2d 625 (1992), raised the revenue classification level for
Class I railroads from $50 million to $250 million (1991 dollars),
effective for the reporting year beginning January 1, 1992. The Class
II threshold was also revised to reflect a rebasing from $10 million
(1978 dollars) to $20 million (1991 dollars).
EFFECTIVE DATE: January 1, 1998.
FOR FURTHER INFORMATION CONTACT: Scott Decker (202) 565-1531. (TDD for
the hearing impaired: (202) 565-1695).
By the Board, Vernon A. Williams, Secretary.
Vernon A. Williams,
Secretary.
[FR Doc. 99-26203 Filed 10-6-99; 8:45 am]
BILLING CODE 4915-00-P