Railroad Revenue Adequacy-2020 Determination, 50752 [2021-19539]

Download as PDF 50752 Federal Register / Vol. 86, No. 173 / Friday, September 10, 2021 / Notices custodians for temporary display in the exhibition ‘‘Jasper Johns: Mind/Mirror’’ at the Philadelphia Art Museum, Philadelphia, Pennsylvania, and at possible additional exhibitions or venues yet to be determined, are of cultural significance, and, further, that their temporary exhibition or display within the United States as aforementioned is in the national interest. I have ordered that Public Notice of these determinations be published in the Federal Register. FOR FURTHER INFORMATION CONTACT: Chi D. Tran, Program Administrator, Office of the Legal Adviser, U.S. Department of State (telephone: 202–632–6471; email: section2459@state.gov). The mailing address is U.S. Department of State, L/PD, 2200 C Street NW (SA–5), Suite 5H03, Washington, DC 20522–0505. SUPPLEMENTARY INFORMATION: The foregoing determinations were made pursuant to the authority vested in me by the Act of October 19, 1965 (79 Stat. 985; 22 U.S.C. 2459), Executive Order 12047 of March 27, 1978, the Foreign Affairs Reform and Restructuring Act of 1998 (112 Stat. 2681, et seq.; 22 U.S.C. 6501 note, et seq.), Delegation of Authority No. 234 of October 1, 1999, and Delegation of Authority No. 236–3 of August 28, 2000. Matthew R. Lussenhop, Acting Assistant Secretary, Bureau of Educational and Cultural Affairs, Department of State. [FR Doc. 2021–19546 Filed 9–9–21; 8:45 am] BILLING CODE 4710–05–P SURFACE TRANSPORTATION BOARD [Docket No. EP 552 (Sub-No. 25)] Railroad Revenue Adequacy—2020 Determination Surface Transportation Board. Notice of decision. AGENCY: ACTION: On September 7, 2021, the Board served a decision announcing the 2020 revenue adequacy determinations for the Nation’s Class I railroads. Five Class I railroads (BNSF Railroad Company, CSX Transportation, Inc., The Kansas City Southern Railway Company, Soo Line Corporation, and Union Pacific Railroad Company) were found to be revenue adequate. DATES: This decision is effective on September 7, 2021. FOR FURTHER INFORMATION CONTACT: Pedro Ramirez, (202) 245–0333. Assistance for the hearing impaired is available through the Federal Relay Service at (800) 877–8339. jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:09 Sep 09, 2021 Jkt 253001 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 2020, this number was determined to be 7.89% in R.R. Cost of Capital—2020, EP 558 (Sub-No. 24) (STB served Aug. 6, 2021). The Board then applied this revenue adequacy standard to each Class I railroad. Five Class I carriers (BNSF Railroad Company, CSX Transportation, Inc., The Kansas City Southern Railway Company, Soo Line Corporation, and Union Pacific Railroad Company) were found to be revenue adequate for 2020. The decision in this proceeding is posted at www.stb.gov. SUPPLEMENTARY INFORMATION: Decided: September 3, 2021. By the Board, Board Members Begeman, Fuchs, Oberman, Primus, and Schultz. Eden Besera, Clearance Clerk. [FR Doc. 2021–19539 Filed 9–9–21; 8:45 am] BILLING CODE 4915–01–P SURFACE TRANSPORTATION BOARD [Docket No. FD 36534] Arkansas-Oklahoma Railroad, Inc.— Lease and Operation Exemption With Interchange Commitment—BNSF Railway Company Arkansas-Oklahoma Railroad, Inc. (AOK), a Class III rail carrier, has filed a verified notice of exemption under 49 CFR 1150.41 to lease from BNSF Railway Company (BNSF) and operate an approximately 10.658 miles of rail line extending between milepost 134.037 and milepost 123.379 on BNSF’s Shawnee Industrial Spur in Shawnee, Okla. (the Line). The verified notice states that AOK and BNSF have entered into a lease agreement and that AOK will operate the Line after the transaction. AOK certifies that its projected annual revenues from this transaction will not result in AOK’s becoming a Class I or Class II rail carrier. Pursuant to 49 CFR 1150.42(e), which applies ‘‘[i]f the projected annual revenue of the rail lines to be acquired or operated, together with the acquiring carrier’s projected annual revenue, exceeds $5 million,’’ AOK certified on July 29, 2021 that notice of the transaction was posted at the workplaces of current BNSF employees on the Line and was being served on the national offices of the labor unions for those employees. PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 As required under 49 CFR 1150.43(h)(1), AOK has disclosed in its verified notice that its lease agreement with BNSF contains an interchange commitment that affects interchange with carriers other than BNSF.1 The affected interchange is with Union Pacific Railroad Company at Oklahoma City, Okla. AOK has provided additional information regarding the interchange commitment as required by 49 CFR 1150.43(h). The earliest this transaction may be consummated is September 27, 2021 (60 days after the certification under 49 CFR 1150.42(e) was filed). If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Petitions for stay must be filed no later than September 20, 2021. All pleadings, referring to Docket No. FD 36534, should be filed with the Surface Transportation Board via efiling on the Board’s website. In addition, one copy of each pleading must be served on AOK’s representative: Eric M. Hocky, Clark Hill PLC, Two Commerce Square, 2001 Market Street, Suite 2620, Philadelphia, PA 19103. According to AOK, this action is categorically excluded from environmental review under 49 CFR 1105.6(c) and from historic preservation reporting requirements under 49 CFR 1105.8(b). Board decisions and notices are available at www.stb.gov. Decided: September 7, 2021. By the Board, Scott M. Zimmerman, Acting Director, Office of Proceedings. Kenyatta Clay, Clearance Clerk. [FR Doc. 2021–19568 Filed 9–9–21; 8:45 am] BILLING CODE 4915–01–P SURFACE TRANSPORTATION BOARD [Docket No. FD 36413 (Sub-No. 1)] Midwest & Bluegrass Rail, LLC— Control Exemption—Vermilion Valley Railway Company, Inc., Camp Chase Rail, LLC, Youngstown & Southeastern Rail, LLC, Chesapeake & Indiana Railroad Company Midwest & Bluegrass Rail, LLC (MB Rail), a noncarrier, has filed a verified 1 A copy of the lease with the interchange commitment was submitted under seal. See 49 CFR 1150.43(h)(1). E:\FR\FM\10SEN1.SGM 10SEN1

Agencies

Surface Transportation Board

[Federal Register Volume 86, Number 173 (Friday, September 10, 2021)]
[Notices]
[Page 50752]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-19539]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 552 (Sub-No. 25)]


Railroad Revenue Adequacy--2020 Determination

AGENCY: Surface Transportation Board.

ACTION: Notice of decision.

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SUMMARY: On September 7, 2021, the Board served a decision announcing 
the 2020 revenue adequacy determinations for the Nation's Class I 
railroads. Five Class I railroads (BNSF Railroad Company, CSX 
Transportation, Inc., The Kansas City Southern Railway Company, Soo 
Line Corporation, and Union Pacific Railroad Company) were found to be 
revenue adequate.

DATES: This decision is effective on September 7, 2021.

FOR FURTHER INFORMATION CONTACT: Pedro Ramirez, (202) 245-0333. 
Assistance for the hearing impaired is available through the Federal 
Relay Service at (800) 877-8339.

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 2020, this 
number was determined to be 7.89% in R.R. Cost of Capital--2020, EP 558 
(Sub-No. 24) (STB served Aug. 6, 2021). The Board then applied this 
revenue adequacy standard to each Class I railroad. Five Class I 
carriers (BNSF Railroad Company, CSX Transportation, Inc., The Kansas 
City Southern Railway Company, Soo Line Corporation, and Union Pacific 
Railroad Company) were found to be revenue adequate for 2020.
    The decision in this proceeding is posted at www.stb.gov.

    Decided: September 3, 2021.

    By the Board, Board Members Begeman, Fuchs, Oberman, Primus, and 
Schultz.
Eden Besera,
Clearance Clerk.
[FR Doc. 2021-19539 Filed 9-9-21; 8:45 am]
BILLING CODE 4915-01-P

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