Monetary Threshold for Reporting Rail Equipment Accidents/Incidents for Calendar Year 2015
other · US Department of Transportation · Published 2014-12-24 · Effective 2015-01-01 · 79 FR 77397
Document
Document number
2014-30113
Federal Register citation
79 FR 77397
CFR reference
49 CFR 225
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Transportation
Publication date
2014-12-24
Effective date
2015-01-01
DOT docket
FRA-2008-0136, Notice No. 7
Abstract
This rule maintains the rail equipment accident/incident monetary reporting threshold at $10,500 for railroad accidents/ incidents involving property damage that occur during calendar year (CY) 2015 that FRA's accident/incident reporting regulations require to be reported to the agency. FRA is maintaining the reporting threshold at the CY 2014 level because, in part, wage data for the second-quarter of 2014, (the data used to calculate the threshold) was abnormally high due to retroactive payment of wage increases resulting from labor contract agreements affecting several railroads. FRA believes that the data does not accurately reflect the changes in labor costs for the second-quarter of 2014 and leads to an overinflated threshold calculation for CY 2015. In addition, FRA is maintaining the monetary threshold for CY 2015 at the CY 2014 level while it reexamines the method for calculating the monetary threshold it last updated in 2005.