Indexing the Annual Operating Revenues of Railroads, 42130 [2023-13852]

Download as PDF 42130 Federal Register / Vol. 88, No. 124 / Thursday, June 29, 2023 / Notices conduct case prescreening and assist in the processing of refugee applicants. Sarah R. Cross, Deputy Assistant Secretary, Bureau of Population, Refugees and Migration, Department of State. [FR Doc. 2023–13834 Filed 6–28–23; 8:45 am] BILLING CODE 4710–33–P DEPARTMENT OF STATE [Public Notice: 12116] Notice of Determinations; Culturally Significant Objects Being Imported for Exhibition—Determinations: ‘‘Picasso: A Cubist Commission in Brooklyn’’ Exhibition Notice is hereby given of the following determinations: I hereby determine that certain objects being imported from abroad pursuant to agreements with their foreign owners or custodians for temporary display in the exhibition ‘‘Picasso: A Cubist Commission in Brooklyn’’ at The Metropolitan Museum of Art, New York, New York, 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 SUMMARY: 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: Reed Liriano, Program Coordinator, 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), E.O. 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, Delegation of Authority No. 236–3 of August 28, 2000, and Delegation of Authority No. 523 of December 22, 2021. Nicole L. Elkon, Deputy Assistant Secretary for Professional and Cultural Exchanges, Bureau of Educational and Cultural Affairs, Department of State. 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 2022. 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. [FR Doc. 2023–13797 Filed 6–28–23; 8:45 am] BILLING CODE 4710–05–P RAILROAD REVENUE THRESHOLDS 1 Year Factor 2018 ........................................................................................................................................... 2019 2 ......................................................................................................................................... 2020 3 ......................................................................................................................................... 2021 ........................................................................................................................................... 2022 ........................................................................................................................................... Class I 0.5103 0.4952 1.0000 0.9535 0.8721 489,935,956 504,803,294 900,000,000 943,898,958 1,032,002,719 Class II 39,194,876 40,384,263 40,400,000 42,370,575 46,325,455 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). In Montana Rail Link, Inc.—Petition for Rulemaking—Classification of Carriers, EP 763 (STB served Apr. 5, 2021), the revenue classification level for Class I railroads was raised from $250 million (1991 dollars) to $900 million (2019 dollars), and the Class II threshold was converted and rounded from $20 million (1991 dollars) to $40.4 million (2019 dollars), effective for the reporting year beginning January 1, 2020. 2 The 2019 values reflect those in Indexing the Annual Operating Revenues of Railroads, EP 748 (STB served June 10, 2020). 3 The 2020 and subsequent values are based on the thresholds established in Docket No. EP 763, and the deflator factor is referenced to the new base year of 2019. As the Railroad Freight Price Index remained the same from 2019 to 2020, the annual deflator factor for 2020 was 1.0000. The inflation-adjusted indexes and deflator factors are effective January 1, 2022. FOR FURTHER INFORMATION CONTACT: Pedro Ramirez at (202) 245–0333. DATES: 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 23, 2023. By the Board, William Brennan, Ph.D., Chief Economist & Director, Office of Economics. Kenyatta Clay, Clearance Clerk. [FR Doc. 2023–13852 Filed 6–28–23; 8:45 am] lotter on DSK11XQN23PROD with NOTICES1 BILLING CODE 4915–01–P VerDate Sep<11>2014 17:21 Jun 28, 2023 Jkt 259001 PO 00000 Frm 00090 Fmt 4703 Sfmt 9990 E:\FR\FM\29JNN1.SGM 29JNN1

Agencies

Surface Transportation Board

[Federal Register Volume 88, Number 124 (Thursday, June 29, 2023)]
[Notices]
[Page 42130]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-13852]


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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 2022. 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.

                                         Railroad Revenue Thresholds \1\
----------------------------------------------------------------------------------------------------------------
                              Year                                   Factor          Class I         Class II
----------------------------------------------------------------------------------------------------------------
2018...........................................................          0.5103      489,935,956      39,194,876
2019 \2\.......................................................          0.4952      504,803,294      40,384,263
2020 \3\.......................................................          1.0000      900,000,000      40,400,000
2021...........................................................          0.9535      943,898,958      42,370,575
2022...........................................................          0.8721    1,032,002,719      46,325,455
----------------------------------------------------------------------------------------------------------------
\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). In Montana Rail Link, Inc.--Petition for
  Rulemaking--Classification of Carriers, EP 763 (STB served Apr. 5, 2021), the revenue classification level for
  Class I railroads was raised from $250 million (1991 dollars) to $900 million (2019 dollars), and the Class II
  threshold was converted and rounded from $20 million (1991 dollars) to $40.4 million (2019 dollars), effective
  for the reporting year beginning January 1, 2020.
\2\ The 2019 values reflect those in Indexing the Annual Operating Revenues of Railroads, EP 748 (STB served
  June 10, 2020).
\3\ The 2020 and subsequent values are based on the thresholds established in Docket No. EP 763, and the
  deflator factor is referenced to the new base year of 2019. As the Railroad Freight Price Index remained the
  same from 2019 to 2020, the annual deflator factor for 2020 was 1.0000.


DATES: The inflation-adjusted indexes and deflator factors are 
effective January 1, 2022.

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 23, 2023.

    By the Board, William Brennan, Ph.D., Chief Economist & 
Director, Office of Economics.
Kenyatta Clay,
Clearance Clerk.
[FR Doc. 2023-13852 Filed 6-28-23; 8:45 am]
BILLING CODE 4915-01-P

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