North American RailNet, Inc., based in Bedford, Texas, was a holding company of short line railroads. It formerly owned the following:
| Company | Date | Notes |
|---|---|---|
| Alberta RailNet | 1999 | Sold 2005 to Savage Companies |
| Camas Prairie RailNet | 1998 [1] | Sold 2004 to Watco [2] |
| Georgia and Florida RailNet | 1999 [3] | Sold 2005 to OmniTRAX [4] |
| Illinois RailNet | 1997 [5] | Sold 2005 to OmniTRAX [4] |
| Mississippi and Tennessee RailNet | 1998 [6] | Sold 2003 to Ironhorse Resources [7] |
| Nebraska, Kansas and Colorado RailNet | 1996 [8] | Sold 2005 to OmniTRAX [4] |