Indexing the Annual Operating Revenues of Railroads, 34125 [2012-13938]
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34125
Federal Register / Vol. 77, No. 111 / Friday, June 8, 2012 / Notices
WEIGHTED AVERAGE STATE TAX RATES
[In percent]
2011
%
Railroad
BNSF Railway Company .........................................................................................................................
CSX Transportation, Inc. .........................................................................................................................
Grand Trunk Corporation .........................................................................................................................
The Kansas City Southern Railway .........................................................................................................
Norfolk Southern Combined ....................................................................................................................
Soo Line Corporation ...............................................................................................................................
Union Pacific Railroad Company .............................................................................................................
Any party wishing to comment on
AAR’s calculation of the 2011 weighted
average state tax rates should file a
comment by July 9, 2012. See 49 CFR
1135.2(c). If any comment opposing
AAR’s calculations is filed, AAR’s reply
will be due by July 30, 2012. Id. If any
comments are filed, the Board will
review AAR’s submission, together with
the comments, and serve a decision
within 60 days of the close of the record
that either accepts, rejects, or modifies
AAR’s railroad-specific tax information.
Id. If no comments are filed by July 9,
2012, AAR’s submitted weighted
average state tax rates will be
automatically adopted by the Board,
effective July 10, 2012. Id.
This action will not significantly
affect either the quality of the human
environment or the conservation of
energy resources.
Decided: June 5, 2012.
By the Board.
Rachel D. Campbell,
Director, Office of Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2012–13962 Filed 6–7–12; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
mstockstill on DSK4VPTVN1PROD with NOTICES
Indexing the Annual Operating
Revenues of Railroads
The Surface Transportation Board
(STB) is publishing the annual inflationadjusted index factors for 2011. These
factors are used by the railroads to
adjust their gross annual operating
revenues for classification purposes.
This indexing methodology insures that
railroads are classified based on real
business expansion and not from the
affects of inflation. Classification is
important because it determines the
extent to which individual railroads
must comply with STB reporting
requirements.
VerDate Mar<15>2010
16:23 Jun 07, 2012
Jkt 226001
2010
%
5.584
5.660
8.089
6.139
5.942
7.350
6.035
% Change
5.572
5.575
7.634
6.070
5.819
7.305
5.922
0.012
0.085
0.455
0.069
0.123
0.045
0.113
The STB’s annual inflation-adjusted
factors are based on the annual average
Railroad’s Freight Price Index which is
developed by the Bureau of Labor
Statistics (BLS). 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:
By the Board, William F. Huneke, Director,
Office of Economics.
Jeffrey Herzig,
Clearance Clerk.
STB RAILROAD INFLATION-ADJUSTED
INDEX AND DEFLATOR FACTOR TABLE
Wisconsin Central Ltd.—IntraCorporate Family Merger Exemption—
Elgin, Joliet and Eastern Railway
Company
Year
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Index
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
409.50
411.80
415.50
418.80
418.17
417.46
419.67
424.54
423.01
428.64
436.48
445.03
454.33
473.41
522.41
567.34
588.30
656.78
619.73
652.29
708.80
Deflator
1 100.00
99.45
98.55
97.70
97.85
98.02
97.50
96.38
96.72
95.45
93.73
91.92
90.03
86.40
78.29
72.09
69.52
62.28
66.00
62.71
57.71
FOR FURTHER INFORMATION CONTACT:
Paul Aguiar 202–245–0323. [Federal
Information Relay Service (FIRS) for the
hearing impaired: 1–800–877–8339]
Effective Date: January 1, 2011.
1 Ex Parte No. 492, Montana Rail Link, Inc., and
Wisconsin Central Ltd., Joint Petition for
Rulemaking With Respect to 49 CFR 1201, 8 I.C.C.
2d 625 (1992), 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).
PO 00000
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[FR Doc. 2012–13938 Filed 6–7–12; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35630]
Wisconsin Central Ltd. (WCL),
Wisconsin Central Transportation
Corporation (WCTC), and Elgin, Joliet
and Eastern Railway Company (EJ&E)
(collectively, applicants) have jointly
filed a verified notice of exemption
under 49 CFR 1180.2(d)(3) for an intracorporate family transaction.
WCL, a rail carrier, is a wholly owned
subsidiary of WCTC, a noncarrier,
which, in turn, is a direct subsidiary of
Grand Trunk Corporation (GTC). GTC, a
noncarrier holding company for the U.S.
rail carrier subsidiaries of Canadian
National Railway Company (CNR), is a
direct subsidiary of CNR. In Canadian
National Railway—Control—Wisconsin
Central Transportation, 5 S.T.B. 890
(2001) (CNR/WC), CNR and GTC
acquired control of WCL and other
related rail carriers.1 EJ&E, a rail carrier,
is a direct subsidiary of GTC.2
Applicants state that the rail lines of
WCL and EJ&E connect at Leithton, Ill.,
north of Chicago, Ill., and WCL has
existing overhead trackage rights over
1 At the time of the 2001 CNR/WC transaction, the
WCTC family of rail carriers also included WCL,
Fox Valley & Western Ltd. (FVW), Sault Ste. Marie
Bridge Company (SSMB) and Wisconsin Chicago
Link Ltd. (WCCL). FVW has since been dissolved
into WCL. Wis. Cent. Transp.—Intracorporate
Family Transaction Exemption, FD 34296 (STB
served Jan. 22, 2003). Applicants state that SSMB
and WCCL remain in existence as rail carriers and
subsidiaries of WCTC.
2 Canadian Nat’l Ry.—Control—EJ&E W. Co., FD
35087 (STB served Dec. 24, 2008).
E:\FR\FM\08JNN1.SGM
08JNN1
]]>Agencies
[Federal Register Volume 77, Number 111 (Friday, June 8, 2012)]
[Notices]
[Page 34125]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-13938]
-----------------------------------------------------------------------
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
Indexing the Annual Operating Revenues of Railroads
The Surface Transportation Board (STB) is publishing the annual
inflation-adjusted index factors for 2011. These factors are used by
the railroads to adjust their gross annual operating revenues for
classification purposes. This indexing methodology insures that
railroads are classified based on real business expansion and not from
the affects 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's Freight Price Index which is developed by the Bureau
of Labor Statistics (BLS). 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
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
------------------------------------------------------------------------
FOR FURTHER INFORMATION CONTACT: Paul Aguiar 202-245-0323. [Federal
Information Relay Service (FIRS) for the hearing impaired: 1-800-877-
8339] Effective Date: January 1, 2011.
---------------------------------------------------------------------------
\1\ Ex Parte No. 492, Montana Rail Link, Inc., and Wisconsin
Central Ltd., Joint Petition for Rulemaking With Respect to 49 CFR
1201, 8 I.C.C. 2d 625 (1992), 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).
By the Board, William F. Huneke, Director, Office of Economics.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2012-13938 Filed 6-7-12; 8:45 am]
BILLING CODE 4915-01-P
