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 (Board) is publishing the annual deflator factor and inflation-adjusted railroad revenue thresholds for 2024. The deflator factor is 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 annual deflator factor is based on the annual average of the Producer Price Index (PPI) industry data for line-haul railroads published by the Bureau of Labor Statistics (BLS) and is used to deflate revenues for comparison with established revenue thresholds. Application of the annual deflator factors for 2020-2024 results in the following annual revenue thresholds: ( printed page 26898) The annual inflation-adjusted deflator factor and revenue thresholds for 2024 are effective January 1, 2024. Notice of this decision will be published in the Federal Register . By the Board, Kristen Monaco, Ph.D., Director, Office of Economics. Railroad Revenue Thresholds  1 Year Factor Class I Class II 2020  2 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 2024 0.8375 1,074,600,816 48,237,637 Za…