1370 Ontario St. - Mezzanine, Cleveland, Ohio 44113 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Secretary-Treasurers
Information
Merchandise
Communications
FELA
Events
Links
User Info

Five Class I railroads attained 'revenue adequate' status in 2013, STB says

(Source: Surface Transportation Board press release, September 2, 2014)

WASHINGTON, D.C. — The Surface Transportation Board announced today that it has made its annual determination of revenue adequacy for the Nation's Class I freight railroads for 2013. The Board found that five Class I railroads (BNSF Railway Company, Grand Trunk Corporation, Norfolk Southern Combined Railroad Subsidiaries, Soo Line Corporation and Union Pacific Railroad Company) were "revenue adequate" for 2013.

A railroad is considered to be revenue adequate if it achieves a rate of return on net investment equal to at least the current cost of capital for the railroad industry for 2013, which the Board determined to be 11.32 percent. Congress directed the STB to conduct such revenue adequacy determinations on an annual basis. The Board's finding today is that the five Class I railroads achieved a rate of return equal to or greater than the agency's calculation of the average cost of capital to the freight rail industry.

The Board's decision in the case, Railroad Revenue Adequacy—2013 Determination, Docket No. EP 552 (Sub-No. 18), can be found on the Board's website, www.stb.dot.gov, under "E-LIBRARY" / "Decisions & Notices / 09/02/2014."

Thursday, September 04, 2014

Like us on Facebook at
Facebook.com/BLETNational

© 1997-2014 Brotherhood of Locomotive Engineers and Trainmen

 


Safety Task Force Hotline
800-306-5414

Decertification Helpline
800-393-2716

DAILY HEADLINES

Teamster Nation: Get the latest updates in the War on Workers
AAR: Third highest intermodal week in U.S. history for week ending October 25
Ottawa to toughen train handbrake rules after Lac-Megantic
Midwest high-speed rail plans could mean jobs, supporter says
Three firms bid on second phase of California high-speed rail
BNSF's shale focus blunts ports' comeback bid
Rail delays put East Coast refining in jeopardy
Federal inspector general to audit transport of crude by rail
More than 750 people turn out in Seattle for meeting on oil train study
All buildings in Lac-Megantic disaster zone will be demolished
CSX reports no adverse effects to date on James River water quality
Minnesota's governor and U.S. Senators speak out on unreliable rail shipments of coal
Short line RCP&E moving a record number of cars to connecting lines
Panel discusses big changes coming at the Panama Canal
Medicare Part B premiums remain the same in 2015
Credit for military service under the Railroad Retirement Act

More Headlines


Enter your e-mail address to receive BLET news updates.

Subscribe  Unsubscribe