[Federal Register Volume 84, Number 175 (Tuesday, September 10, 2019)]
[Notices]
[Page 47628]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19487]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 552 (Sub-No. 23)]


Railroad Revenue Adequacy--2018 Determination

AGENCY: Surface Transportation Board.

ACTION: Notice of decision.

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SUMMARY: On September 5, 2019, the Board served a decision announcing 
the 2018 revenue adequacy determinations for the Nation's Class I 
railroads. Three carriers (CSX Transportation, Inc., Soo Line 
Corporation, and Union Pacific Railroad Company) were found to be 
revenue adequate.

DATES: This decision is effective on September 5, 2019.

FOR FURTHER INFORMATION CONTACT: Pedro Ramirez, (202) 245-0333. 
Assistance for the hearing impaired is available through the Federal 
Relay Service at (800) 877-8339.

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 2018, this 
number was determined to be 12.22% in Railroad Cost of Capital--2018, 
EP 558 (Sub-No. 22) (STB served Aug. 6, 2019). The Board then applied 
this revenue adequacy standard to each Class I railroad. Three Class I 
carriers (CSX Transportation, Inc., Soo Line Corporation, and Union 
Pacific Railroad Company) were found to be revenue adequate for 2018.
    The decision in this proceeding is posted at www.stb.gov.

    Decided: September 4, 2019.

    By the Board, Board Members Begeman, Fuchs, and Oberman.
Kenyatta Clay,
Clearance Clerk.
[FR Doc. 2019-19487 Filed 9-9-19; 8:45 am]
BILLING CODE 4915-01-P