Indexing the Annual Operating Revenues of Railroads

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Surface Transportation Board [Docket No. EP 748] The Surface Transportation Board (the Board) is publishing the annual inflation-adjusted index and deflator factors for 2023. 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 of the Producer Price Index (PPI) industry data for line-haul railroads developed by the Bureau of Labor Statistics (BLS). [ 1 ] The Board's deflator factor is used to deflate revenues for comparison with established revenue thresholds. Railroad Revenue Thresholds  2 Year Factor Class I Class II 2019  3 0.4952 504,803,294 40,384,263 2020  4 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 2023 0.8541 1,053,709,560 47,299,851 DATES: The inflation-adjusted indexes and deflator factors are effective January 1, 2023. FOR FURTHER INFORMATION CONTACT: Pedro Ramirez at (202) 245-0333. If you require an accommodation under the Americans with Disabilities Act, please call (202) 245-0245. Board decisions and notices are available at www.stb.gov . ( printed page 45730) Decided: By the Boa…