According to the Association of American Railroads, “US Class I Railroads are line haul freight railroads with 2014 operating revenue of $475.75 million or more.” This revenue limit is expected to be lower for fiscal 2015. Along with BNSF, the US Class I railroads are CSX Transportation (CSX), Grand Trunk (CNI), Kansas City Southern Railway (KSU), Norfolk Southern Combined Railroad Subsidiaries (NSC), Soo Line Corporation (SOO), and Union Pacific Railroad (UNP).
UNP is BNSF’s biggest competitor, and both railroads operate in the Western US. To get exposure to railroads, investors can consider the iShares US Industrials ETF (IYJ). This ETF holds 5.3% in railroads and 4.8% in major US airlines.
The company’s prominent business groups are categorized by type of freight shipped. BNSF reports results of operations through four segments. These are consumer products, industrial products, agricultural products, and coal.
View more information: https://marketrealist.com/2016/05/bnsf-largest-us-class-railroad/