Skip to Content


Consolidated Reporting By Commonly Controlled Railroads

Document Details

Information about this document as published in the Federal Register.

Document Statistics
Document page views are updated periodically throughout the day and are cumulative counts for this document including its time on Public Inspection. Counts are subject to sampling, reprocessing and revision (up or down) throughout the day.
Published Document

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Start Preamble


Surface Transportation Board, DOT.


Final rule.


The Board has concluded that consolidated financial reports should be filed for each group of railroads or railroad-related affiliates that operate as a single, integrated United States rail system whose cumulative annual operating revenues meet the Class I threshold of $250 million (in 1991 dollars).


January 1, 2002.

Start Further Info


Paul A. Aguiar, (202) 565-1527. [Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) 1-800-877-8339.]

End Further Info End Preamble Start Supplemental Information


On September 25, 2000, the Board proposed that commonly controlled railroads (and their railroad-related affiliates) whose combined annual operating revenues meet the $250 million threshold be required to file consolidated financial reports. See 65 FR 57650 (2000). The Board's objective was to gather more meaningful and accurate information on the large rail systems operating in the United States by conforming its regulatory reporting requirements as closely as practical to Financial Accounting Standards Board Statement No. 94, Consolidation of All Majority-Owned Subsidiaries. After evaluating the comments filed by interested parties, the Board has concluded that consolidated reports should be required for commonly controlled railroads that operate as a single, integrated United States rail system and whose cumulative operating revenues meet the Class I threshold. Accordingly, the Board will amend its regulations at 49 CFR part 1201 to reflect this change. A printed copy of the full Board decision served November 7, 2001 in this proceeding is available for a fee by contacting Da 2 Da Legal, Room 405, 1925 K Street, NW., Washington, DC 20006, telephone (202) 293-7776. The decision also is available for viewing and downloading via the Board's website at

Start List of Subjects

List of Subjects in 49 CFR Part 1201

  • Freight
  • Railroads
  • Reporting and recordkeeping requirements
End List of Subjects

For the reasons set forth in the preamble, Title 49, part 1201 of the Code of Federal Regulations will be amended as follows:

Start Part


End Part Start Amendment Part

1. The authority citation for Title 49, Part 1201 continues to read as follows:

End Amendment Part Start Authority

Authority: 5 U.S.C. 553 and 49 U.S.C. 11142 and 11164.

End Authority Start Amendment Part

2. Section 1-1 is amended by revising paragraph (b)(1) to read as follows: 1-1 Classification of Carriers. * * *

End Amendment Part

(b)(1) The class to which any carrier belongs shall be determined by annual carrier operating revenues after the railroad revenue deflator adjustment. Families of railroads operating within the United States as a single, integrated rail system will be treated as a single carrier for classification purposes. Upward and downward reclassification will be effected as of January 1 in the year immediately following the third consecutive year of revenue qualification.

* * * * *
Start Signature

Decided: October 31, 2001.

Start Printed Page 56246

By the Board, Chairman Morgan, Vice Chairman Clyburn, and Commissioner Burkes.

Vernon A. Williams,


End Signature End Supplemental Information

[FR Doc. 01-27950 Filed 11-6-01; 8:45 am]