Indexing the Annual Operating Revenues of Railroads
Federal Register, Volume 83 Issue 115 (Thursday, June 14, 2018)
Federal Register Volume 83, Number 115 (Thursday, June 14, 2018)
Notices
Pages 27819-27820
From the Federal Register Online via the Government Publishing Office www.gpo.gov
FR Doc No: 2018-12759
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SURFACE TRANSPORTATION BOARD
Docket No. EP 748
Indexing the Annual Operating Revenues of Railroads
The Surface Transportation Board (STB) is publishing the annual inflation-adjusted index factors for 2017. These 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 STB reporting requirements.
The STB's annual inflation-adjusted factors are based on the annual average Railroad Freight Price Index developed by the Bureau of Labor Statistics. The STB's deflator factor is used to deflate revenues for comparison with established revenue thresholds.
The base year for railroads is 1991. The inflation index factors are presented as follows:
STB Railroad Inflation-Adjusted Index and Deflator Factor Table
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Year Index Deflator
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-
409.50 \1\
100.00
-
411.80 99.45
-
415.50 98.55
-
418.80 97.70
-
418.17 97.85
-
417.46 98.02
-
419.67 97.50
-
424.54 96.38
-
423.01 96.72
-
428.64 95.45
-
436.48 93.73
-
445.03 91.92
-
454.33 90.03
-
473.41 86.40
-
522.41 78.29
Page 27820
-
567.34 72.09
-
588.30 69.52
-
656.78 62.28
-
619.73 66.00
-
652.29 62.71
-
708.80 57.71
-
740.61 55.23
-
764.19 53.53
-
778.41 52.55
-
749.22 54.60
-
732.38 55.85
-
758.95 53.90
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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).
Application of the annual deflator factors results in the following annual revenue thresholds:
Railroad Revenue Thresholds
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Year Factor Class I Class II
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-
0.5353 467,063,129 37,365,050
-
0.5255 475,754,803 38,060,384
-
0.5460 457,913,998 36,633,120
-
0.5585 447,621,226 35,809,698
-
0.5390 463,860,933 37,108,875
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Board decisions and notices are available on our website at WWW.STB.GOV.
Applicable Date: January 1, 2017.
For Further Information Contact: Pedro Ramirez, (202) 245-0333. Federal Information Relay Service (FIRS) for the hearing impaired: 1-
800-877-8339.
Decided: June 8, 2018.
By the Board, William Brennan, Acting Director, Office of Economics.
Jeffrey Herzig,
Clearance Clerk.
FR Doc. 2018-12759 Filed 6-13-18; 8:45 am
BILLING CODE 4915-01-P
