It's not so much the standard as what we know about the materials, and the evolution of the materials involved.
In particular, the nature of rail steel changed as steelmaking changed and as the demands on the rail changed. Heavier wheel loads, attempts at increased durability, and advances in metallurgy demanded a change in related ASTM specifications. The rebar spec most likely changed when the kinds of retired rail steel and the processing methods changed.
ASTM specs change in response to the supply, not typically because of changes in demand. The dynamic of this is that it is the producers who sit on ASTM committees, because those are the people committed to the work. If structural engineers were more involved in the A01.05 subcommittee (I was the only structural engineer with recent design experience at each of the ASTM A01.05 meetings I have attended. CRSI now has a another design engineer liaison to the committee.)
As an off-topic example, I am on the newly formed F44 committee on general aviation aircraft, as a pilot and consumer. This group meets during different ASTM committee weeks from A01, so if I attend, it will be at my own expense. The organization of the committee and subcommittees will be run by the industry (mainly the manufacturers of certified light aircraft) which may or may not represent the interests of the consumer very well. This happens because they have the funding and need to "control" their industry. They know what people buy, but what people buy is what is being currently manufactured. To correlate this to our industry, the industry produces a product and contractors buy the product. When the available scrap supply, or energy prices, or environmental regulations require changes to steel making, the producers will change the ASTM. The main parameter engineers specify is yield strength, followed by weldability, and then ductility (for seismic uses.) Producers try to respond to market pressure (higher strength, for example), but there are complications, like ACI 318, which limits the use of high strength bars for functional and safety reasons. Without good coordination, there can be a disconnect between supply and demand.