Advertisement

Class I railroad

From Academic Kids

A Class I railroad (also called a Class 1 railroad) is a member of the largest class of railroads in North America. Freight railroads in the United States are classified by the Association of American Railroads as Class I, Class II and Class III 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.

Contents

History

The classification of railroads as Class I, II, or III was started by the Interstate Commerce Commission in the 1930s. Initially Class I railroads were defined as railroads with operating revenue of at least $1 million. There were 132 Class I railroads in 1939.

The $1 million figure was used until 1956; however, since that time, it has increased faster than inflation. In 1956 it was increased to $3 million. By 1963 the number of Class I railroads had dropped to 102. By 1965 the cut-off had increased to $5 million and had increased to $50 million by 1978, at which point only 41 railroads were defined as Class I railroads.

As of 2004, a Class I 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 I companies voting to increase the cut-off to deny an upstart membership of their exclusive "club".

In Canada, a Class I rail carrier is defined (as of 2004) as a company that has earned gross revenues exceeding $250 million for each of the previous two years from providing rail services.

The current Class I United States railroads are:

Three Canadian railways meet the Canadian definition of a Class I carrier:

  • Canadian National Railway (CN)
  • Canadian Pacific Railway (CP)
  • VIA Rail (VIA) - publicly-owned passenger railway

Two Mexican railroads would fit the definition if they were U.S. companies:

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 I railroad into a larger one:

Table of Class I railroads by year

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 millionBNSF, 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

 


See also

Template:North America class 1

References

Template:Book reference

Navigation

Academic Kids Menu

  • Art and Cultures
    • Art (http://www.academickids.com/encyclopedia/index.php/Art)
    • Architecture (http://www.academickids.com/encyclopedia/index.php/Architecture)
    • Cultures (http://www.academickids.com/encyclopedia/index.php/Cultures)
    • Music (http://www.academickids.com/encyclopedia/index.php/Music)
    • Musical Instruments (http://academickids.com/encyclopedia/index.php/List_of_musical_instruments)
  • Biographies (http://www.academickids.com/encyclopedia/index.php/Biographies)
  • Clipart (http://www.academickids.com/encyclopedia/index.php/Clipart)
  • Geography (http://www.academickids.com/encyclopedia/index.php/Geography)
    • Countries of the World (http://www.academickids.com/encyclopedia/index.php/Countries)
    • Maps (http://www.academickids.com/encyclopedia/index.php/Maps)
    • Flags (http://www.academickids.com/encyclopedia/index.php/Flags)
    • Continents (http://www.academickids.com/encyclopedia/index.php/Continents)
  • History (http://www.academickids.com/encyclopedia/index.php/History)
    • Ancient Civilizations (http://www.academickids.com/encyclopedia/index.php/Ancient_Civilizations)
    • Industrial Revolution (http://www.academickids.com/encyclopedia/index.php/Industrial_Revolution)
    • Middle Ages (http://www.academickids.com/encyclopedia/index.php/Middle_Ages)
    • Prehistory (http://www.academickids.com/encyclopedia/index.php/Prehistory)
    • Renaissance (http://www.academickids.com/encyclopedia/index.php/Renaissance)
    • Timelines (http://www.academickids.com/encyclopedia/index.php/Timelines)
    • United States (http://www.academickids.com/encyclopedia/index.php/United_States)
    • Wars (http://www.academickids.com/encyclopedia/index.php/Wars)
    • World History (http://www.academickids.com/encyclopedia/index.php/History_of_the_world)
  • Human Body (http://www.academickids.com/encyclopedia/index.php/Human_Body)
  • Mathematics (http://www.academickids.com/encyclopedia/index.php/Mathematics)
  • Reference (http://www.academickids.com/encyclopedia/index.php/Reference)
  • Science (http://www.academickids.com/encyclopedia/index.php/Science)
    • Animals (http://www.academickids.com/encyclopedia/index.php/Animals)
    • Aviation (http://www.academickids.com/encyclopedia/index.php/Aviation)
    • Dinosaurs (http://www.academickids.com/encyclopedia/index.php/Dinosaurs)
    • Earth (http://www.academickids.com/encyclopedia/index.php/Earth)
    • Inventions (http://www.academickids.com/encyclopedia/index.php/Inventions)
    • Physical Science (http://www.academickids.com/encyclopedia/index.php/Physical_Science)
    • Plants (http://www.academickids.com/encyclopedia/index.php/Plants)
    • Scientists (http://www.academickids.com/encyclopedia/index.php/Scientists)
  • Social Studies (http://www.academickids.com/encyclopedia/index.php/Social_Studies)
    • Anthropology (http://www.academickids.com/encyclopedia/index.php/Anthropology)
    • Economics (http://www.academickids.com/encyclopedia/index.php/Economics)
    • Government (http://www.academickids.com/encyclopedia/index.php/Government)
    • Religion (http://www.academickids.com/encyclopedia/index.php/Religion)
    • Holidays (http://www.academickids.com/encyclopedia/index.php/Holidays)
  • Space and Astronomy
    • Solar System (http://www.academickids.com/encyclopedia/index.php/Solar_System)
    • Planets (http://www.academickids.com/encyclopedia/index.php/Planets)
  • Sports (http://www.academickids.com/encyclopedia/index.php/Sports)
  • Timelines (http://www.academickids.com/encyclopedia/index.php/Timelines)
  • Weather (http://www.academickids.com/encyclopedia/index.php/Weather)
  • US States (http://www.academickids.com/encyclopedia/index.php/US_States)

Information

  • Home Page (http://academickids.com/encyclopedia/index.php)
  • Contact Us (http://www.academickids.com/encyclopedia/index.php/Contactus)

  • Clip Art (http://classroomclipart.com)
Toolbox
Personal tools