7061 East Pleasant Valley Road, Independence, Ohio 44131 • (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

Sign up for BLET News Flash Alerts

© 1997-2016 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
(216) 694-0240

National Negotiations

Sign up for BLET
News Flash Alerts

DAILY HEADLINES

Get the latest labor news from the Teamsters
KCS reports 2Q 2016 results
Lawmakers blast Chinese rail car deal; say it would threaten national security
Four killed in axe attack on passenger train in southern Germany
Workers have opportunity to vote for a ‘Stronger America’
Do the oil and railroad lobbies have too much influence on oil train regulations?
Maintenance train derailment throws LIRR into chaos
Minnesota Gov. Dayton announces new council on freight rail
New CSX hub may soon open near Rocky Mount
American gas will be first to pass through expanded Panama Canal
Teamsters accuse International Paper of anti-family policies
RRB: Dual benefit payments

More Headlines