[Federal Register Volume 77, Number 111 (Friday, June 8, 2012)]
[Notices]
[Page 34125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-13938]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board


Indexing the Annual Operating Revenues of Railroads

    The Surface Transportation Board (STB) is publishing the annual 
inflation-adjusted index factors for 2011. These factors are used by 
the railroads to adjust their gross annual operating revenues for 
classification purposes. This indexing methodology insures that 
railroads are classified based on real business expansion and not from 
the affects of inflation. Classification is important because it 
determines the extent to which individual railroads must comply with 
STB reporting requirements.
    The STB's annual inflation-adjusted factors are based on the annual 
average Railroad's Freight Price Index which is developed by the Bureau 
of Labor Statistics (BLS). The STB's deflator factor is 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:

     STB Railroad Inflation-Adjusted Index and Deflator Factor Table
------------------------------------------------------------------------
                      Year                           Index     Deflator
------------------------------------------------------------------------
1991............................................      409.50  \1\ 100.00
1992............................................      411.80       99.45
1993............................................      415.50       98.55
1994............................................      418.80       97.70
1995............................................      418.17       97.85
1996............................................      417.46       98.02
1997............................................      419.67       97.50
1998............................................      424.54       96.38
1999............................................      423.01       96.72
2000............................................      428.64       95.45
2001............................................      436.48       93.73
2002............................................      445.03       91.92
2003............................................      454.33       90.03
2004............................................      473.41       86.40
2005............................................      522.41       78.29
2006............................................      567.34       72.09
2007............................................      588.30       69.52
2008............................................      656.78       62.28
2009............................................      619.73       66.00
2010............................................      652.29       62.71
2011............................................      708.80       57.71
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FOR FURTHER INFORMATION CONTACT: Paul Aguiar 202-245-0323. [Federal 
Information Relay Service (FIRS) for the hearing impaired: 1-800-877-
8339] Effective Date: January 1, 2011.
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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 (1978 dollars) to $250 
million (1991 dollars), effective for the reporting year beginning 
January 1, 1992. The Class II threshold was also raised from $10 
million (1978 dollars) to $20 million (1991 dollars).

    By the Board, William F. Huneke, Director, Office of Economics.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2012-13938 Filed 6-7-12; 8:45 am]
BILLING CODE 4915-01-P