The Surface Transportation Board (Board or STB) is publishing the annual inflation-adjusted index and deflator factors for 2018. 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's 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:
Railroad Inflation-Adjusted Index and Deflator Factor Table
Application of the annual deflator factors results in the following annual revenue thresholds:
Railroad Revenue Thresholds
|Year||Factor||Class I||Class II|
The inflation-adjusted indexes and deflator factors are effective January 1, 2018.
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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.
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By the Board, Dr. William J. Brennan, Director, Office of Economics.
[FR Doc. 2019-12562 Filed 6-13-19; 8:45 am]
BILLING CODE 4915-01-P