MLchartDataset catalogue

Class III railroad

Term · Insurance and risk management · MLC-T-INS-000782

A freight railroad whose annual operating revenue falls below the Surface Transportation Board's Class II floor, which was set at $40.4 million in 2019 dollars and is indexed annually for inflation, reaching about $46.3 million for 2022. Most are short line or switching and terminal railroads that provide local service and often feed traffic to larger Class I or Class II carriers.

Table 1. Record
IdentifierMLC-T-INS-000782
FieldInsurance and risk management
SubjectCommercial Auto
Record as JSON 
{
  "id": "MLC-T-INS-000782",
  "term": "Class III railroad",
  "field": "Insurance and risk management",
  "definition": "A freight railroad whose annual operating revenue falls below the Surface Transportation Board's Class II floor, which was set at $40.4 million in 2019 dollars and is indexed annually for inflation, reaching about $46.3 million for 2022. Most are short line or switching and terminal railroads that provide local service and often feed traffic to larger Class I or Class II carriers.",
  "subject": "Commercial Auto",
  "url": "https://mlchart.com/terminology/insurance/class-iii-railroad/"
}

Record 558 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.