[Federal Register Volume 84, Number 115 (Friday, June 14, 2019)]
[Notices]
[Pages 27829-27830]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12562]
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SURFACE TRANSPORTATION BOARD
[Docket No. EP 748]
Indexing the Annual Operating Revenues of Railroads
The Surface Transportation Board (Board or STB) is publishing the
annual inflation-adjusted index and deflator factors for 2018. The
deflator factors are used by the railroads to adjust their gross annual
operating revenues for classification purposes. This indexing
methodology ensures that railroads are classified based on real
business expansion and not on the effects of inflation. Classification
is important because it determines the extent to which individual
railroads must comply with the Board's reporting requirements.
The Board's deflator factors are based on the annual average
Railroad's Freight Price Index developed by the Bureau of Labor
Statistics. The Board's deflator factor is used to deflate revenues for
comparison with established revenue thresholds.
The base year for railroads is 1991. The inflation-adjusted indexes
and deflator factors are presented as follows:
Railroad Inflation-Adjusted Index and Deflator Factor Table
------------------------------------------------------------------------
Year Index Deflator
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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
2012.......................................... 740.61 55.23
2013.......................................... 764.19 53.53
2014.......................................... 778.41 52.55
2015.......................................... 749.22 54.60
2016.......................................... 732.38 55.85
2017.......................................... 758.95 53.90
2018.......................................... 801.61 51.03
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Application of the annual deflator factors results in the following
annual revenue thresholds:
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\1\ In Montana Rail Link, Inc., & Wisconsin Central Ltd., Joint
Petition for Rulemaking with Respect to 49 CFR Part 1201, 8 I.C.C.2d
625 (1992), the Board's predecessor, the Interstate Commerce
Commission, 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).
Railroad Revenue Thresholds
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Year Factor Class I Class II
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2014........................... 0.5255 475,754,803 38,060,384
2015........................... 0.5460 457,913,998 36,633,120
2016........................... 0.5585 447,621,226 35,809,698
2017........................... 0.5390 463,860,933 37,108,875
2018........................... 0.5103 489,935,956 39,194,876
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DATES: The inflation-adjusted indexes and deflator factors are
effective January 1, 2018.
FOR FURTHER INFORMATION CONTACT: Pedro Ramirez at (202) 245-0333.
Assistance for the hearing impaired is available through the Federal
Relay Service at (800) 877-8339. Board decisions and notices are
available at www.stb.gov.
[[Page 27830]]
By the Board, Dr. William J. Brennan, Director, Office of
Economics.
Kenyatta Clay,
Clerance Clerk.
[FR Doc. 2019-12562 Filed 6-13-19; 8:45 am]
BILLING CODE 4915-01-P