FRA Changing Accident Reporting Rule

The Federal Railroad Administration has published a change it its accident/incident reporting regulations to modify how it calculates periodic adjustments to the reporting threshold and the way it communicates each year’s threshold to railroads.

The rule will take effect on Jan. 8, 2021, and agency officials said it is intended to improve the accuracy of accident and incident data gathered from railroads.

Current regulations require railroads to report to the agency all rail equipment accidents or incidents above the monetary reporting threshold applicable to that calendar year.

Starting next month the FRA will revise the percentage term used to determine a change in equipment costs so it is consistent with the percentage term used to determine a change in labor costs.

Other changes include a revision to the formula to use full-year data instead of only second-quarter data to calculate the reporting threshold.

The FRA will publish an annual notice on its website no later than Nov. 30 of each year the reporting threshold for the upcoming calendar year.

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