A railway company or railroad company is an entity that operates a railroad track and/or trains. Such a company can either be private or public. Some railway companies operate both the trains and the track, while particularly in Europe ownership of track and train operation is separated in different companies.

Contents 1 Structure 2 Top rail transport companies by market capitalization 3 References 4 See also

[edit] Structure

Many countries have a national railway company that owns all track and operates all trains in the country, for instance the Russian Railways. Other countries have many different, sometimes competing, railway companies that operate each their own lines, particularly in the United States and Canada.

In Europe, the EU requires its members to split the railway companies into a number of different companies. Usually public owned companies own the track and other public companies (sometimes owned by regional governments) own the train cars. Public service obligations or franchising is then used to determine the right to operate the line for a limited time period, with multiple private companies bidding for the privilege to operate. Other companies offer trackside and rolling stock maintenance.

[edit] Top rail transport companies by market capitalization

The examples and perspective in this section deal primarily with North America and do not represent a worldwide view of the subject. Please improve this article and discuss the issue on the talk page. (April 2009)

The top companies by market capitalization in the rail transport industry, as of 29 April 2009, are given below.^[1] The list is biased, since it only presents a limited geographic scope, and most countries have a state-owned railway that is not publicly traded.

Company	Exchange	Ticker	Cap
Union Pacific	NYSE	UNP	24.7B
Burlington Northern Santa Fe	NYSE	BNI	22.9B
Canadian National Railway Company	NYSE	CNI	19B
Norfolk Southern	NYSE	NSC	13B
CSX Transportation	NYSE	CSX	11.7B
Canadian Pacific Railway	NYSE	CP	5.94B
Wabtec	NYSE	WAB	1.87B

[edit] References

[edit] See also

• List of railway companies
• Rail transport by country