Notices. Notice of decision
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/register/2025/08/22/2025-16141A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 4710-25-P SURFACE TRANSPORTATION BOARD [Docket No. EP 552 (Sub-No. 29)] Railroad Revenue Adequacy—2024 Determination AGENCY: Surface Transportation Board. ACTION: Notice of decision. SUMMARY: On August 20, 2025, the Board served a decision announcing the 2024 revenue adequacy determinations for the nation's Class I railroads. Two Class I railroads (CSX Transportation, Inc., and Union Pacific Railroad Company) were found to be revenue adequate. DATES: This decision is effective on August 20, 2025. FOR FURTHER INFORMATION CONTACT: Pedro Ramirez,
(202)915-0862. If you require an accommodation under the Americans with Disabilities Act, please call
(202)245-0245. SUPPLEMENTARY INFORMATION: Under 49 U.S.C 10704(a)(3), the Board is required to make an annual determination of railroad revenue adequacy. A railroad is considered revenue adequate under 49 U.S.C. 10704(a) if it achieves a rate of return on net investment
(ROI)equal to at least the current cost of capital for the railroad industry. For 2024, this number was determined to be 10.68% in *Railroad Cost of Capital—2024,* EP 558 (Sub-No. 28) (STB served July 21, 2025). The Board then applied this revenue adequacy standard to each Class I railroad. Two Class I carriers (CSX Transportation, Inc., and Union Pacific Railroad Company) were found to be revenue adequate for 2024. The decision in this proceeding is posted at *www.stb.gov.* *Decided:* August 14, 2025. By the Board, Board Members Fuchs, Hedlund, Primus, and Schultz. Regena Smith-Bernard, Clearance Clerk. [FR Doc. 2025-16141 Filed 8-21-25; 8:45 am]
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