Class III
A Class III railroad, or a shortline railroad, is a rail company with an annual operating revenue of less than $20 million (1991 dollars). Class III railroads are typically local short line railroads, either serving a small number of towns and industries or haul cars for a larger railroad or few; many Class III railroads were once branch lines of larger railroads that were spun off, or portions of mainlines that had been abandoned. The majority of Class III railroads are owned by railroad holding companies, such as Genesee & Wyoming and the former company RailAmerica.
Read more about this topic: Shortline Railroad, Classes
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