18th Dec 2009
What Is The Smallest Number Of Locomotives That A Class 1 Railroad Can Have?
What is the least amount of locomotives that Class 1 railroads are allowed to have? Or is there even a required maximum or minimum number?
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Robert is correcct, the classification is based on revenue, I guess in theory if you had a ver small amount of locomotives pulling very high revenue trains you could have a class 1 RR wiht fewer locomotives than many class 2s/
No. Classification is not based on the number of locomotives. The Surface Transportation Board (STB) defines a Class 1 railroad in the United States as “having annual carrier operating revenues of $250 million or more” after adjusting for inflation using a Railroad Freight Price Index developed by the Bureau of Labor Statistics (BLS).[1] According to the Association of American Railroads (AAR), Class 1 railroads had minimum carrier operating revenues of $346.8 million (USD) in 2006.[2]
In Canada a Class 1 rail carrier is defined (as of 2004) as a company that has earned gross revenues exceeding $250 million (CAD) for each of the previous two years.
I hope this helps you.
What Robert C answered is spot on. There are “paper” railroads.that own no equipment at all , and exist as leased segment of a larger railroad. There are “railroads” that own no track. Some railroads that went bankrupt and were abandoned years ago , still exist as a corporate entity .They still pay dividends on their stock ,from the properties they still hold , not from freight.These are the exceptions to the rule.It would be possible for a Class ! to lease all of it’s locomotives, This is quite common in the trucking industry