[Federal Register Volume 68, Number 127 (Wednesday, July 2, 2003)]
[Notices]
[Pages 39619-39620]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16589]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Ex Parte No. 552 (Sub-No. 7)]


Railroad Revenue Adequacy--2002 Determination

AGENCY: Surface Transportation Board, DOT.

ACTION: Notice of decision.

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SUMMARY: On July 2, 2003, the Board served a decision announcing the 
2002 revenue adequacy determinations for the Nation's Class I 
railroads. No carrier is found to be revenue adequate.

EFFECTIVE DATE: This decision is effective July 2, 2003.

FOR FURTHER INFORMATION CONTACT: Leonard J. Blistein, (202) 565-1529. 
(Assistance for the hearing impaired is available through the Federal 
Information Relay Service (FIRS) at 1-800-877-8339.)

SUPPLEMENTARY INFORMATION: 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 equal to at least the current cost of capital 
for the railroad industry for 2002, determined to be 9.8% in Railroad 
Cost of Capital--2002, STB Ex Parte No. 558 (Sub-No. 6) (STB served 
June 19, 2003). This revenue adequacy standard was applied to each 
Class I railroad, and no carrier was found to be revenue adequate for 
2002.

[[Page 39620]]

    Additional information is contained in the Board's formal decision. 
To purchase a copy of the full decision, write to, call, or pick up in 
person from: Da-To-Da Legal, Room 405, 1925 K Street, NW., Washington, 
DC 20423. Telephone: 202-293-7776. (Assistance for the hearing impaired 
is available through FIRS at 1-800-877-8339.) The decision is also 
available on the Board's Internet site at www.stb.dot.gov.

Environmental and Energy Considerations

    This action will not significantly affect either the quality of the 
human environment or the conservation of energy resources.

Regulatory Flexibility Analysis

    Pursuant to 5 U.S.C. 603(b), we conclude that our action in this 
proceeding will not have a significant economic impact on a substantial 
number of small entities. The purpose and effect of the action is 
merely to update the annual railroad industry revenue adequacy finding. 
No new reporting or other regulatory requirements are imposed, directly 
or indirectly, on small entities.

    Decided: June 20, 2003.

    By the Board, Chairman Nober.
Vernon A. Williams,
Secretary.
[FR Doc. 03-16589 Filed 7-1-03; 8:45 am]
BILLING CODE 4915-00-P