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The Class I threshold is $250 million, adjusted for inflation since 1991. [2]). As of 2021, a Class II railroad in the United States has an operating revenue greater than $39.2 million but less than $489.9 million. [3]
Class I railroads had an annual operating revenue of at least $1 million, while Class III railroad incomes were under $100,000. Railroads in both classes were subject to reporting requirements on a quarterly or annual schedule. In 1925, the ICC reported 174 Class I railroads, 282 Class II railroads, and 348 Class III railroads. [1]
Texas Central Railway MKT, SP: 1879 1891 Texas Central Railroad, Texas Midland Railroad: Not to be confused with the Texas Central Railway high speed rail project. Texas City Terminal Company: 1898 1921 Texas City Terminal Railway: Texas City Terminal Railway: 1893 1897 Texas City Terminal Company: Texas City Transportation Company: 1904 1920
In 2023, the line had a ridership of 233,500, or about 1,000 per weekday as of the third quarter of 2024. It is the fourth-busiest commuter rail line in Texas and the twenty-ninth busiest in the United States.
The Austin Western Railroad (reporting mark AWRR) is a Class III short-line railroad headquartered in Round Rock, Texas. [1] AWRR is a subsidiary of Watco.It is the contracted operator of 126 miles (203 km) of ex-Southern Pacific trackage, now owned by Capital Metropolitan Transportation Authority.
Other AT&SF properties, like the South Plains and Santa Fe between Lubbock, Texas and Crosbyton, Texas, were operated by the company, while properties like the North Texas and Santa Fe (incorporated in Texas in 1916; completed 85 miles from Shattuck, Oklahoma to Spearman, Texas in 1920) [2] [3] were leased to it. [1]
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The Fort Worth and Rio Grande Railway, chartered under the laws of Texas on June 1, 1885, was part of a plan conceived by Buckley Burton Paddock and other Fort Worth civic leaders to create a transcontinental route linking New York, Fort Worth, and the Pacific port of Topolobampo, which they believed would stimulate the growth and development of southwest Texas in general, and the economy of ...