Statistical Confusion on Local Railroads
I just came across a publication at my local library called Choose Greater PEORIA Illinois , produced by livability dot com. On page 23, a community profile lists "transportation assets," which include two items which caught my eye- Five Class 1 railroads for hauling cargo Six short line railroads Both are incorrect. Greater Peoria, a designation that based on the magazine's other content matches the five-county official metropolitan area, is served by four Class Is, one Regional and four shortlines. American common-carrier railroads are designated as Class I, Class II ("Regional") and Class III ("Shortlines"). These are broken down using annual revenue by the then-Interstate Commerce Commission critieria introduced in 1992 - $504,803,294 minimum for Class Is and $40,384,263 minimum for Class IIs. Carriers with annual revenue below the Class II minimum standard are designated as Class IIIs. The Class Is are BNSF Railway, Canadian National Railway, No...