[Federal Register Volume 90, Number 161 (Friday, August 22, 2025)]
[Notices]
[Page 41157]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-16141]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 552 (Sub-No. 29)]


Railroad Revenue Adequacy--2024 Determination

AGENCY: Surface Transportation Board.

ACTION: Notice of decision.

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SUMMARY: On August 20, 2025, the Board served a decision announcing the 
2024 revenue adequacy determinations for the nation's Class I 
railroads. Two Class I railroads (CSX Transportation, Inc., and Union 
Pacific Railroad Company) were found to be revenue adequate.

DATES: This decision is effective on August 20, 2025.

FOR FURTHER INFORMATION CONTACT: Pedro Ramirez, (202) 915-0862. 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 2024, this 
number was determined to be 10.68% in Railroad Cost of Capital--2024, 
EP 558 (Sub-No. 28) (STB served July 21, 2025). The Board then applied 
this revenue adequacy standard to each Class I railroad. Two Class I 
carriers (CSX Transportation, Inc., and Union Pacific Railroad Company) 
were found to be revenue adequate for 2024.
    The decision in this proceeding is posted at www.stb.gov.

    Decided: August 14, 2025.

    By the Board, Board Members Fuchs, Hedlund, Primus, and Schultz.
Regena Smith-Bernard,
Clearance Clerk.
[FR Doc. 2025-16141 Filed 8-21-25; 8:45 am]
BILLING CODE 4915-01-P