Class 1 Railroad
Until 1955 a railroad with annual gross operating revenue of $1million or more. In 1955 the threshold became $3 million. By 1992, it had risen to $250 million. Currently it is at $256.4 million.
Class 1 Railroad
A railroad line with annual revenues in excess of a figure set by the Interstate Commerce Commission, adjusted annually for inflation.
Class 1 Railroad
In the United States, a railroad with operating revenue in excess of $5 million per year.
Classification Lamps ...
I recently read the story of a small Class 1 railroad that used to run only a quarter mile from the house upstate. The NYO&W has been out of action since 1957. Most of its track was taken over by other railroads; some was abandoned altogether.
Real Class 1 railroads introduced CTC in the 1930's, and have steadily evolved the concept into the computer dispatch control centers of today's railroads.
It is a six-part pact signed by AAR Class 1 railroads and the American Shortline Association in 1998 that governs certain big railroads and small railroad activities. These activities include car supply, interchange services etc.
Those in poor condition were sold for scrap, but surplus cabooses in good condition were sold to short lines and occasionally other Class 1 railroads that needed them. Some were sold directly and others through second-hand equipment dealers.
 See also: Track, Standard, Class, Caboose, Car
  
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