These reports are required to be filed by Class I railroads (currently seven), which have revenues in excess of 250 million dollars, pursuant to 49 U.S.C. 11145. The information is used by the Board to forecast labor costs, to measure the efficiency of the reporting railroads, and to evaluate proposed regulated transactions that may impact rail employees, including mergers, acquisitions of control, purchases, and abandonments, under 49 U.S.C. 10902-03 and 11326.
US Code:
49 USC 11145
Name of Law: Interstate Commerce Act
Based on information provided by the rail industry, information technology has made this report available with a substantial decrease in burden hours. The reports are based on information already available to the respondents, and that information may be placed in the instant collection with limited effort.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.