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United States Department of Transportation United States Department of Transportation

Monetary Threshold Notice

Keywords
Monetary Threshold; 54; F6180.54; Threshold

FRA recently amended their accident/incident reporting regulation.  This final rule was published December 9, 2020 (85 FR 79130).  The rule requires railroads to report to the agency all rail equipment accidents/incidents above the monetary reporting threshold (reporting threshold) for that calendar year (CY).  The final rule is effective January 8, 2021.

Under the final rule, the new monetary threshold increases from $10,700 to $11,200.  As the final rule becomes effective January 8, 2021, the $10,700 threshold remains in effect until that date. 

FRA expects that the one week delay in implementation of the new threshold amount ($11,200) will have an insignificant effect on the accident/incident statistics collected for CY 2021.  Historically, railroads reported few, if any, accidents/incidents (including grade crossing incidents) during the first week of a calendar year and with damages under $11,200, as shown below:

Table: Few Reported Accidents/Incidents During the First Week of a Calendar Year, Under $11,200

Year

Number of Reported Accidents/Incidents

Damage

2011

0

$0

2012

1

$10,900

2013

0

$0

2014

1

$10,782

2015

1

$11,151

2016

2

$22,000

2017

1

$10,754

2018

1

$10,889

2019

2

$21,572

2020

1

$10,967

Total

10

$109,015

Average

1

$10,902

There was an average of 1 reported accident/incident during the first week for the years 2011 through 2020, respectively.  Furthermore, for the years when the reporting threshold remained unchanged at $10,700 (2017 through 2020), the average number of reported accidents/incidents for the first week was 1.25 accidents/incidents; the average damage per accident was $10,836.  Thus, the effect of the delayed implementation of the final rule will likely be minimal.

If you have any questions regarding this notice, please contact:

Marc Fuller, Staff Director –Regulatory Analysis Division, at 202-366-9335 or

Senya Waas, Trial Attorney – Office of Chief Counsel, at 202-493- 0665.


Last updated: Tuesday, December 22, 2020