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Class I RailroadFreight 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: Three Canadian railways and two Mexican railroads would fit the definition if they were U.S. companies: History Fiscal year> | utoff | Railroads | Changes from previous year | | 984 | || 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 | | 995 | ||ATSF, BNSF, CR, CSXT, GTW, IC, KCS, NS, SOO, SP, UP | | 996 | $255.9 million | BNSF, CR, CSXT, GTW, IC, KCS, NS, SOO, UP | | 000 | $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 | | 002 | $266.7 million | BNSF, CN, CP, CSXT, FXE, GTW, IC, KCS, NS, SOO, TFM, UP | | 004 | $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: See also References
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