Indexing the Annual Operating Revenues of Railroads, 35494 [2020-12501]

Download as PDF 35494 Federal Register / Vol. 85, No. 112 / Wednesday, June 10, 2020 / Notices Surface Transportation Board, 395 E Street SW, Washington, DC 20423–0001. A copy of any petition filed with the Board should be sent to the City’s representative, Brent Dille, Dille Law, PLLC, 2010 Caton Way SW, Suite 101, Olympia, WA 98502. If the verified notice contains false or misleading information, the exemption is void ab initio. The City has filed a combined environmental and historic report that addresses the potential effects, if any, of the abandonment on the environment and historic resources. OEA will issue a Draft Environmental Assessment (EA) by June 15, 2020. The Draft EA will be available to interested persons on the Board’s website, by writing to OEA, or by calling OEA at (202) 245–0305. Assistance for the hearing impaired is available through the Federal Relay Service at (800) 877–8339. Comments on environmental and historic preservation matters must be filed within 15 days after the Draft EA becomes available to the public. Environmental, historic preservation, public use, or interim trail use/rail banking conditions will be imposed, where appropriate, in a subsequent decision. Pursuant to the provisions of 49 CFR 1152.29(e)(2), the City shall file a notice of consummation with the Board to signify that it has exercised the authority granted and fully abandoned the Line. If consummation has not been effected by the City’s filing of a notice of consummation by June 10, 2021, and there are no legal or regulatory barriers to consummation, the authority to abandon will automatically expire. Board decisions and notices are available at www.stb.gov. The base year for railroads is 1991. The inflation-adjusted indexes and deflator factors are presented as follows: Decided: June 4, 2020. By the Board, Allison C. Davis, Director, Office of Proceedings. Eden Besera, Clearance Clerk. RAILROAD INFLATION-ADJUSTED INDEX AND DEFLATOR FACTOR TABLE [FR Doc. 2020–12504 Filed 6–9–20; 8:45 am] BILLING CODE 4915–01–P SURFACE TRANSPORTATION BOARD [Docket No. EP 748] Indexing the Annual Operating Revenues of Railroads The Surface Transportation Board (the Board) is publishing the annual inflation-adjusted index and deflator factors for 2019. The deflator 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 the Board’s reporting requirements. The Board’s deflator factors are based on the annual average Railroad Freight Price Index developed by the Bureau of Labor Statistics. The Board’s deflator factor is used to deflate revenues for comparison with established revenue thresholds. Year 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. Index Deflator 1 100.00 409.50 411.80 415.50 418.80 418.17 417.46 419.67 424.54 423.01 428.64 436.48 445.03 454.33 473.41 522.41 567.34 588.30 656.78 619.73 652.29 708.80 740.61 764.19 778.41 749.22 732.38 758.95 801.61 825.94 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 55.23 53.53 52.55 54.60 55.85 53.90 51.03 49.52 Application of the annual deflator factors results in the following annual revenue thresholds: RAILROAD REVENUE THRESHOLDS Year 2015 2016 2017 2018 2019 ..................................................................................................................................................... ..................................................................................................................................................... ..................................................................................................................................................... ..................................................................................................................................................... ..................................................................................................................................................... The inflation-adjusted indexes and deflator factors are effective January 1, 2019. DATES: FOR FURTHER INFORMATION CONTACT: jbell on DSKJLSW7X2PROD with NOTICES Factor Pedro Ramirez at (202) 245–0333. Assistance for the hearing impaired is available through the Federal Relay Service at (800) 877–8339. Board decisions and notices are available at www.stb.gov. [FR Doc. 2020–12501 Filed 6–9–20; 8:45 am] BILLING CODE 4915–01–P 17:06 Jun 09, 2020 Jkt 250001 457,913,998 447,621,226 463,860,933 489,935,956 504,803,294 Class II 36,633,120 35,809,698 37,108,875 39,194,876 40,384,263 DEPARTMENT OF TRANSPORTATION Federal Aviation Administration [Summary Notice No.—2020–45] Petition for Exemption; Summary of Petition Received; Airlines for America Federal Aviation Administration (FAA), Department of Transportation (DOT). AGENCY: 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 VerDate Sep<11>2014 Decided: June 4, 2020. By the Board, Dr. William J. Brennan, Director, Office of Economics. Kenyatta Clay, Clearance Clerk. 0.5460 0.5585 0.5390 0.5103 0.4952 Class I 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). On May 14, 2020, the Board opened a rulemaking proceeding and invited comment on issues related to the Class PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 I carrier revenue threshold determination in response to a petition for rulemaking. Mont. Rail Link, Inc.—Pet. For Rulemaking—Classification of Carriers, EP 763 (STB served May 14, 2020). E:\FR\FM\10JNN1.SGM 10JNN1

Agencies

[Federal Register Volume 85, Number 112 (Wednesday, June 10, 2020)]
[Notices]
[Page 35494]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12501]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 748]


Indexing the Annual Operating Revenues of Railroads

    The Surface Transportation Board (the Board) is publishing the 
annual inflation-adjusted index and deflator factors for 2019. The 
deflator 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 the Board's reporting requirements.
    The Board's deflator factors are based on the annual average 
Railroad Freight Price Index developed by the Bureau of Labor 
Statistics. The Board's deflator factor is used to deflate revenues for 
comparison with established revenue thresholds.
    The base year for railroads is 1991. The inflation-adjusted indexes 
and deflator factors are presented as follows:
---------------------------------------------------------------------------

    \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). On May 14, 2020, the Board 
opened a rulemaking proceeding and invited comment on issues related 
to the Class I carrier revenue threshold determination in response 
to a petition for rulemaking. Mont. Rail Link, Inc.--Pet. For 
Rulemaking--Classification of Carriers, EP 763 (STB served May 14, 
2020).

       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
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
2018..........................................       801.61        51.03
2019..........................................       825.94        49.52
------------------------------------------------------------------------

    Application of the annual deflator factors results in the following 
annual revenue thresholds:

                       Railroad Revenue Thresholds
------------------------------------------------------------------------
              Year                  Factor       Class I      Class II
------------------------------------------------------------------------
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
2018...........................       0.5103   489,935,956    39,194,876
2019...........................       0.4952   504,803,294    40,384,263
------------------------------------------------------------------------


DATES: The inflation-adjusted indexes and deflator factors are 
effective January 1, 2019.

FOR FURTHER INFORMATION CONTACT: Pedro Ramirez at (202) 245-0333. 
Assistance for the hearing impaired is available through the Federal 
Relay Service at (800) 877-8339.
    Board decisions and notices are available at www.stb.gov.

    Decided: June 4, 2020.

    By the Board, Dr. William J. Brennan, Director, Office of 
Economics.
Kenyatta Clay,
Clearance Clerk.
[FR Doc. 2020-12501 Filed 6-9-20; 8:45 am]
BILLING CODE 4915-01-P