Class I Railroad

Business / Agriculture / Class I Railroad: Any railroad with annual gross revenues of at least $250 million (in 1991), according to the U.S. Department of Transportation. These are the largest long-distance U.S. railroad systems such as Union Pacific-Southern Pacific, Norfolk Southern, CSX, and Burlington Northern-Santa Fe, which own most of the track in the United States. Since passage of the Staggers Rail Act of 1980, aimed at deregulating the once highly-regulated industry to make it more efficient and cost-competitive, the number of Class I railroads has declined through consolidations and mergers, from more than 30, to eight in 1998. This consolidation has concerned many agricultural shippers—particularly those who lack access to nearby markets or to water transportation—fearful of higher prices due to lack of competition.

Other Words for Class

Class Noun Synonyms: rank, grade, level, order, stratum, caste, lineage, birth, pedigree, stock, extraction, descent
Class Verb Synonyms: classify, group, arrange, assort, type, categorize, rank, grade, rate, order

Perfect Market View (Of Capital Structure)

Business / Finance / Perfect Market View (Of Capital Structure): Analysis of a firm's capital structure decision, which shows the irrelevance of capital structure in a perfect capital market. MORE

Perfect Fit

Technology / Television (TV) / Perfect Fit: In the study of television stars, a matching of a particular role's characteristics to a star's polysemy. MORE

Perfect Competition

Business / Finance / Perfect Competition: An idealized market environment in which every market participant is too small to affect the market price by acting on its own. MORE