STB Says CSX, NS Not Revenue Adquate

Neither CSX nor Norfolk Southern made the list of revenue adequate railroads for 2015.

STBThe U.S. Surface Transportation Board said this week that four of the seven Class I railroads in the United States had adequate revenue last year.

The STB said that based on its determination of a 9.61 percent cost of capital, it found that BNSF, Grand Trunk Corporation. (Canadian Nation), Soo Line Corp. (Canadian Pacific), and Union Pacific were revenue-adequate for 2015.

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, which for 2015 the Board said was 9.61 percent.

In an unrelated announcement, the STB also said that it now has a new website address.

The agency’s website address is now www.stb.gov rather than www.stb.dot.gov.

The STB said the change reflects its status as a wholly independent federal agency, as a result of the STB Reauthorization Act of 2015.

Previously, the STB had been administratively affiliated with the U.S. Department of Transportation.

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