[Federal Register Volume 89, Number 174 (Monday, September 9, 2024)]
[Notices]
[Page 73178]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-20210]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 552 (Sub-No. 28)]


Railroad Revenue Adequacy--2023 Determination

AGENCY: Surface Transportation Board.

ACTION: Notice of decision.

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SUMMARY: On September 6, 2024, the Board served a decision announcing 
the 2023 revenue adequacy determinations for the nation's Class I 
railroads. Three Class I railroads (BNSF Railway Company, CSX 
Transportation, Inc., and Union Pacific Railroad Company) were found to 
be revenue adequate.

DATES: This decision is effective on September 6, 2024.

FOR FURTHER INFORMATION CONTACT: Pedro Ramirez, (202) 245-0333. If you 
require an accommodation under the Americans with Disabilities Act, 
please call (202) 245-0245.

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 2023, this 
number was determined to be 9.87% in Railroad Cost of Capital--2023, EP 
558 (Sub-No. 27) (STB served Aug. 7, 2024). The Board then applied this 
revenue adequacy standard to each Class I railroad. Three Class I 
carriers (BNSF Railway Company, CSX Transportation, Inc., and Union 
Pacific Railroad Company) were found to be revenue adequate for 2023.
    The decision in this proceeding is posted at www.stb.gov.

    Decided: August 30, 2024.

    By the Board, Board Members Fuchs, Hedlund, Primus, and Schultz.
Eden Besera,
Clearance Clerk.
[FR Doc. 2024-20210 Filed 9-6-24; 8:45 am]
BILLING CODE 4915-01-P