The purpose of the award is to honor innovative railway engineering procedures, projects and products and the individual(s) who have created and successfully applied them to the railroad industry. Criteria for winning the award are:
Innovation
The development and/or application of new concepts, products or practices including state-of-the-art physical and information-oriented technology.
Safety
The enhancement of safety in either the application itself or as a process or procedure which contributes to the overall safety of railroad personnel or railway operations.
Service Performance and Reliability
An undertaking which contributes to more efficient, effective and reliable railway performance, especially as viewed by the railroad's customers.
Consideration is also given to the project's objective, stated goals, costs and benefit achievement and the general advancement of the base of railway engineering knowledge.