A Class 1 railroad is defined as any railroad with annual revenue of more than $504,803,294 (the 1992 threshold of $250 million, set by the ICC, adjusted for inflation). There are six Class 1 Railroads operating in the United States; BNSF, CSX, CN, CPKC, NS and UP. CPKC was founded in 2023 when a holding company was formed to operate Kansas City Southern and Canadian Pacific Railroad subsidiaries within it.