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Types of Carriers definition terminology

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Carrier - A firm which transports goods or people via land, sea or air.

Class I Carrier - A classification of regulated carriers based upon annual operating revenues-motor carrier of property greater than or equal to $5 million; railroads: greater than or equal to $50 million: motor carriers of passengers; greater than or equal to $3 million.

Class II Carrier - A classification of regulated carriers based upon annual operating revenues-motor carrier of property $1- $5 million; railroads: $10-$50 million: motor carriers of passengers; less than or equal to $3 million. Class III Carrier - A classification of regulated carriers based upon annual operating revenues-motor carrier of property less than or equal to $1 million; railroads: greater than or equal to $10 million.