Trackage rights
Encyclopedia
Trackage rights running rights or running powers (UK) is an agreement
whereby a railway company
has the right to run its trains on tracks owned by another railway company.
Arrangements between railroads
Railway companies can interact with and control others in many ways. These relationships can be complicated by bankruptcies.-Operating:Often, when a railroad first opens, it is only a short spur of a main line. The owner of the spur line may contract with the owner of the main line for operation of...
whereby a railway company
Railway company
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...
has the right to run its trains on tracks owned by another railway company.