[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
------------------------------------------------------------------------
                       Year                           Index     Deflator
------------------------------------------------------------------------
1991..............................................     409.50        \1\
                                                                  100.00
1992..............................................     411.80      99.45
1993..............................................     415.50      98.55
1994..............................................     418.80      97.70
1995..............................................     418.17      97.85
1996..............................................     417.46      98.02
1997..............................................     419.67      97.50
1998..............................................     424.54      96.38
1999..............................................     423.01      96.72
2000..............................................     428.64      95.45
2001..............................................     436.48      93.73
2002..............................................     445.03      91.92
2003..............................................     454.33      90.03
2004..............................................     473.41      86.40
2005..............................................     522.41      78.29

[[Page 27820]]

 
2006..............................................     567.34      72.09
2007..............................................     588.30      69.52
2008..............................................     656.78      62.28
2009..............................................     619.73      66.00
2010..............................................     652.29      62.71
2011..............................................     708.80      57.71
2012..............................................     740.61      55.23
2013..............................................     764.19      53.53
2014..............................................     778.41      52.55
2015..............................................     749.22      54.60
2016..............................................     732.38      55.85
2017..............................................     758.95      53.90
------------------------------------------------------------------------
\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
------------------------------------------------------------------------
                Year                   Factor     Class I      Class II
------------------------------------------------------------------------
2013................................    0.5353  467,063,129   37,365,050
2014................................    0.5255  475,754,803   38,060,384
2015................................    0.5460  457,913,998   36,633,120
2016................................    0.5585  447,621,226   35,809,698
2017................................    0.5390  463,860,933   37,108,875
------------------------------------------------------------------------

    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