94-17269. Indexing the Annual Operating Revenues of Railroads, Motor Carriers of Property, and Motor Carriers of Passengers

[Federal Register Volume 59, Number 135 (Friday, July 15, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-17269]


[[Page Unknown]]

[Federal Register: July 15, 1994]


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INTERSTATE COMMERCE COMMISSION

 

Indexing the Annual Operating Revenues of Railroads, Motor 
Carriers of Property, and Motor Carriers of Passengers

    This Notice sets forth the annual inflation adjusting index numbers 
which are used to adjust gross annual operating revenues of railroads, 
motor carriers of property, and motor carriers of passengers for 
classification purposes. This indexing method will ensure that 
regulated carriers are classified based on real business expansion and 
not from the effects of inflation. Classification is important because 
it determines the extent of reporting for each carrier.
    The railroad's inflation factors are based on the annual average 
Railroad's Freight Price Index. For both motor carriers of property and 
motor carriers of passengers, the inflation factors are based on the 
annual average Producer Price Index for all commodities. The indices 
are developed by the Bureau of Labor Statistics (BLS).
    The base years for railroads, motor carriers of property, and 
passenger motor carriers are 1991, 1993, and 1988 respectively. The 
inflation index factors are as follows: 

------------------------------------------------------------------------
                                                       Railroads        
                                               -------------------------
                                                               Deflator 
                                                   Index       percent  
------------------------------------------------------------------------
1991..........................................        409.5      1100.00
1992..........................................        411.8        99.45
1993..........................................        415.5        98.55
                                                                        
                                                    Motor Carriers of   
                                                 Property Producer Price
                                                         Index          
1993..........................................        118.9     2100.00.
                                                                        
                                                    Motor Carriers of   
                                                   Passengers Producer  
                                                       Price Index      
                                                                        
1988..........................................        106.9  ...........
1991..........................................        116.5        91.76
1992..........................................        117.2        91.21
1993..........................................        118.9       89.90 
------------------------------------------------------------------------
\1\Montana Rail Link, Inc., and Wisconsin Central Ltd., 8 I.C.C. 2d 625 
  (1992), raised the revenue classification level for class I railroads 
  from $50 million to $250 million (1991 dollars), effective for the    
  reporting year beginning January 1, 1992.                             
\2\Rev. to Accounting & Reporting Requirs. for Motor, 9 I.C.C. 2d 1268  
  (1994), raised the revenue classification level for class I motor     
  carriers of property from $5 million to $10 million (1993 dollars),   
  effective for the reporting year beginning January 1, 1994.           

EFFECTIVE DATE: January 1, 1994.

FOR FURTHER INFORMATION CONTACT: William F. Moss III, [phone].
Sidney L. Strickland, Jr.,
Secretary.
[FR Doc. 94-17269 Filed 7-14-94; 8:45 am]
BILLING CODE 7035-01-P