The Federal Railroad Administration is raising the reporting threshold for rail accidents (defined as rail equipment collisions, derailments, fires, explosions, acts of God, and other events involving the operation of on-track equipment) to $9,500 for the 2012 calendar year. The change takes effect Jan. 1.
FRA raised it to minimize the reporting burden imposed on small railroads because every qualifying rail equipment accident/incident must be reported to FRA using the Rail Equipment Accident/Incident Report (Form FRA F 6180.54).
The agency's final rule said it considers about 721 of the approximately 754 railroads in the United States to be small entities. Continued