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In the United States, a Class II railroad, sometimes referred to as a regional railroad, is a railroad company that is not Class I, but still has a substantial amount of traffic or trackage (and is thus not a short line). The Association of American Railroads (AAR) has defined the lower bound as 350 miles (560 km) of track or $40 million in annual operating revenue.[1] (The Class I threshold is $250 million, adjusted for inflation since 1991.[2]). As of 2021[update], a Class II railroad in the United States has an operating revenue greater than $39.2 million but less than $489.9 million.[3]
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- Aberdeen and Rockfish Railroad (reporting mark AR)
- Alabama Great Southern Railroad (AGS), owned by Norfolk Southern Railway[33]
- Atlanta and West Point Railroad (AWP), owned by the Atlantic Coast Line Railroad
- Central Oregon and Pacific Railroad[34](CORP)
- New York, Ontario & Western (NYOW)
- Lehigh and Hudson River Railway (LHR)
- Lehigh and New England Railroad (LNE)
- Bessemer and Lake Erie Railroad (BLE), owned by Canadian National Railway[35]
- Bullfrog Goldfield Railroad (reporting mark BG), incorporated by interests of the Tonopah and Goldfield Railroad, later merged with the Tonopah and Tidewater and the Las Vegas and Tonopah.
- Central of Georgia Railroad (CG), owned by Norfolk Southern Railway[33]
- Central Maine and Quebec Railway (CMQ), owned by Canadian Pacific Railway
- Bangor and Aroostook Railroad (BAR)
- Chicago Central and Pacific Railroad (reporting mark CC)
- Chicago, Missouri and Western Railway (reporting mark CMNW)
- Carolina and Northwestern Railway (reporting mark CRN)
- Central Vermont Railway (CV), owned by Canadian National Railway (CN)
- Dakota, Minnesota and Eastern Railroad[36] (DME), owned by Canadian Pacific Railway
- Duluth, Missabe and Iron Range Railway (DMIR), owned by Canadian National Railway[35]
- Detroit and Toledo Shore Line Railroad (DTS)
- Elgin, Joliet and Eastern Railway[37] (EJE), owned by Canadian National Railway
- Fox Valley and Western Ltd. (FVW), owned by Canadian National Railway[38]
- Gateway Western Railway (GWWR), owned by Kansas City Southern Railway[39]
- Georgia Southern and Florida Railway (GSF), owned by Norfolk Southern Railway[33]
- Georgia Railroad and Banking Company (GA) owned by Seaboard Coast Line Railroad (SCL)
- Great Lakes Central Railroad[40] (GLC)
- Gulf and Mississippi Railroad (GMSR)
- I&M Rail Link[41] (IMRL)
- Iowa, Chicago and Eastern Railroad[42] (ICE), owned by Canadian Pacific Railway
- Las Vegas and Tonopah Railroad (reporting mark LV&T)
- Magma Arizona Railroad (reporting mark MAA)
- Minarets and Western Railway (reporting mark M&W)
- Monongahela Railway (reporting mark MGA)
- Montana Rail Link[43] (MRL), until its reintegration into BNSF on January 1, 2024[44]
- Montreal, Maine and Atlantic Railway (MMA)
- MidSouth Rail Corporation (MSRC)
- Minneapolis, Northfield and Southern Railway (reporting mark MNS)
- Oklahoma, Kansas and Texas Railroad (reporting mark OKKT)
- Pan Am Railways[45] (PAR), acquired by CSX Transportation[46]
- Richmond, Fredericksburg and Potomac Railroad (RFP)
- Spokane International Railroad (reporting mark SI)
- Tonopah and Goldfield Railroad (reporting mark T&G)
- Tonopah and Tidewater Railroad (reporting mark T&T)
- Texas Mexican Railway (TM), owned by Kansas City Southern Railway[47]
- Wisconsin Central Ltd. (WC), owned by Canadian National Railway[38]
- Western Railway of Alabama (WofA) owned by the Atlantic Coast Line Railroad
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