North American RailNet, Inc., based in Bedford, Texas, was a holding company of short line railroads. It formerly owned the following:
| Company | Date | Notes |
|---|---|---|
| Alberta RailNet | 01999-01-011999 | Sold 2005 to Savage Companies |
| Camas Prairie RailNet | 01998-01-011998 | Sold 2004 to Watco Companies |
| Georgia and Florida RailNet | 01999-01-011999 | Sold 2005 to OmniTRAX |
| Illinois RailNet | 01997-01-011997 | Sold 2005 to OmniTRAX |
| Mississippi and Tennessee RailNet | 01998-01-011998 | Sold 2003 to Ironhorse Resources |
| Nebraska, Kansas and Colorado RailNet | 01996-01-011996 | Sold 2005 to OmniTRAX |
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—Henry James (1843–1916)