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>From the Surface Transportation Board, Washington, D.C.
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The Surface Transportation Board announced today that it has made its
annual determinations of revenue adequacy for the Nation's Class I freight
railroads (the largest) for 2010. The Board found that one railroad, the
Union Pacific Railroad Company, was revenue adequate in 2010. All other
Class I freight railroads were found to be revenue inadequate for that
year.
A railroad is considered to be
revenue adequate, under 49 U.S.C.
10704(a), if it achieves a rate of
return on net investment equal to
at least the current cost of
capital for the railroad industry
for 2010, which the Board
determined to be 11.03%. Congress
directed the Board to conduct such
revenue adequacy determinations on
an annual basis.
The Board's decision in the case,
Railroad Revenue Adequacy—2010
Determination, Docket No. EP 552
(Sub-No.
15)( http://www.stb.dot.gov/decisions/readingroom.nsf/WebDecisionID/41874?OpenDocument )
, can be found on the Board's
website, www.stb.dot.gov.
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