On Sept, 3, the Surface Transportation Board (STB) adopted a final rule for improving its “waybill sample” data collection.
STB’s waybill data is among the most comprehensive collected on rail freight movements.
A waybill is a document used by railroads to move shipments.
It contains information, such as the carriers involved, the number and type of cars, the movement weight, and the freight revenue.
The rule is expected to create a more robust dataset for decision-making and analyses by increasing the sampling rates of certain non-intermodal carload shipments, specifying separate sampling strata and rates for intermodal shipments, and eliminating the manual system for reporting waybill data.
The final rule will be effective on Jan. 1, 2021, to allow reporting carriers sufficient time to prepare for the revised requirements.