BIGpedia - Class I railroad - Encyclopedia and Dictionary Online

Freight railroads in the United States are classified by the Association of American Railroads as Class I, Class II and Class III (also called Classes 1, 2 and 3) in terms of size. The classification has always been by means of annual operating revenue; the exact revenues required to be in each class have varied through the years since they have adjusted for inflation.

As of late 2004, a Class 1 railroad has an operating revenue exceeding $277.7 million. The exact setting of the cut-off figure has always been as much a political decision as anything else; there have always been rumors of the powerful Class 1 companies voting to increase the cut-off to deny an upstart membership of their exclusive "club".

The current Class I United States railroads are:

Amtrak (AMTK) - technically not a Class 1, since it isn't a freight railroad, but it fits the rest of the definition
Burlington Northern Santa Fe Railway (BNSF)
CSX Transportation (CSX)
Grand Trunk Western Railroad (GTW) - part of the Canadian National Railway
Kansas City Southern Railway (KCS)
Norfolk Southern Railway (NS)
Soo Line Railroad (SOO) - part of the Canadian Pacific Railway
Union Pacific Railroad (UP)

Three Canadian railways and two Mexican railroads would fit the definition if they were U.S. companies:

Canadian National Railway (CN)
Canadian Pacific Railway (CP)
VIA Rail (VIA) - publicly-owned passenger railway
Ferrocarril Mexicano (FXE)
Grupo Transportación Ferroviaria Mexicana (TFM)

Contents

History

Fiscal year	Cutoff	Railroads	Changes from previous year
1984		AGS , AMTK, ATSF, BLE, BM, BN, BO, CG , CN, CNTP, CNW, CO, CP, CR, DH, DMIR, EJE, FEC, FXE , GTW, ICG, KCS, MILW, MKT, MP, NW, PLE, SBD, SOO, SOU, SP, SSW , UP, WP
1995		ATSF, BNSF, CR, CSXT, GTW, IC, KCS, NS, SOO, SP, UP
1996	$255.9 million	BNSF, CR, CSXT, GTW, IC, KCS, NS, SOO, UP
2000	$256.4 million	BNSF, CSXT, GTW, IC, KCS, NS, SOO, UP	CN took over IC; IC continued to report as a separate company in 2000 CR was split into CSX and NS
2002	$266.7 million	BNSF, CN, CP, CSXT, FXE , GTW, IC, KCS, NS, SOO, TFM, UP
2004	$277.7 million	BNSF, CN, CP, CSXT, FXE , GTW, KCS, NS, SOO, TFM, UP

Consolidations

Over the years, many Class I railroads have merged to stave off bankruptcy or simply to increase profits. The following is a list of consolidations that have merged at least one Class 1 railroad into a larger one: