[Federal Register Volume 87, Number 172 (Wednesday, September 7, 2022)]
[Notices]
[Pages 54748-54749]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-19321]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 552 (Sub-No. 26)]


Railroad Revenue Adequacy--2021 Determination

AGENCY: Surface Transportation Board.

ACTION: Notice of decision.

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SUMMARY: On September 6, 2022, the Board served a decision announcing 
the 2021 revenue adequacy determinations for the nation's Class I 
railroads. Five Class I railroads (BNSF Railroad Company, CSX 
Transportation, Inc., Norfolk Southern Combined Railroad Subsidiaries, 
Soo Line Corporation, and Union Pacific Railroad Company) were found to 
be revenue adequate.

DATES: This decision is effective on September 6, 2022.

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

[[Page 54749]]

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 2020, this number was 
determined to be 10.37% in R.R. Cost of Capital--2021, EP 558 (Sub-No. 
25) (STB served Aug. 2, 2022). The Board then applied this revenue 
adequacy standard to each Class I railroad. Five Class I carriers (BNSF 
Railroad Company, CSX Transportation, Inc., Norfolk Southern Combined 
Railroad Subsidiaries, Soo Line Corporation, and Union Pacific Railroad 
Company) were found to be revenue adequate for 2021.
    The decision in this proceeding is posted at www.stb.gov.

    Decided: August 31, 2022.

    By the Board, Board Members Fuchs, Hedlund, Oberman, Primus, and 
Schultz.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2022-19321 Filed 9-6-22; 8:45 am]
BILLING CODE 4915-01-P