# Railroad Revenue Adequacy—2018 Determination
**AGENCY:**
Surface Transportation Board.
**ACTION:**
Notice of decision.
**SUMMARY:**
On September 5, 2019, the Board served a decision announcing the 2018 revenue adequacy determinations for the Nation's Class I railroads. Three carriers (CSX Transportation, Inc., Soo Line Corporation, and Union Pacific Railroad Company) were found to be revenue adequate.
**DATES:**
This decision is effective on September 5, 2019.
**FOR FURTHER INFORMATION CONTACT:**
Pedro Ramirez, (202) 245-0333. Assistance for the hearing impaired is available through the Federal Relay Service at (800) 877-8339.
**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 2018, this number was determined to be 12.22% in *Railroad Cost of Capital—2018,* EP 558 (Sub-No. 22) (STB served Aug. 6, 2019). The Board then applied this revenue adequacy standard to each Class I railroad. Three Class I carriers (CSX Transportation, Inc., Soo Line Corporation, and Union Pacific Railroad Company) were found to be revenue adequate for 2018.
The decision in this proceeding is posted at *www.stb.gov.*
By the Board, Board Members Begeman, Fuchs, and Oberman.
Decided: September 4, 2019.
Kenyatta Clay,
Clearance Clerk.