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Notice

Indexing the Annual Operating Revenues of Railroads

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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

YearIndexDeflator
1991409.501 100.00
1992411.8099.45
1993415.5098.55
1994418.8097.70
1995418.1797.85
1996417.4698.02
1997419.6797.50
1998424.5496.38
1999423.0196.72
2000428.6495.45
2001436.4893.73
2002445.0391.92
2003454.3390.03
2004473.4186.40
2005522.4178.29
2006567.3472.09
2007588.3069.52
2008656.7862.28
2009619.7366.00
2010652.2962.71
2011708.8057.71
2012740.6155.23
2013764.1953.53
2014778.4152.55
2015749.2254.60
2016732.3855.85
2017758.9553.90
2018801.6151.03

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

Railroad Revenue Thresholds

YearFactorClass IClass II
20140.5255475,754,80338,060,384
20150.5460457,913,99836,633,120
20160.5585447,621,22635,809,698
20170.5390463,860,93337,108,875
20180.5103489,935,95639,194,876

DATES:

The inflation-adjusted indexes and deflator factors are effective January 1, 2018.

Start Further Info

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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Start Printed Page 27830

By the Board, Dr. William J. Brennan, Director, Office of Economics.

Kenyatta Clay,

Clerance Clerk.

End Signature End Further Info End Preamble

Footnotes

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).

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[FR Doc. 2019-12562 Filed 6-13-19; 8:45 am]

BILLING CODE 4915-01-P