Under 49 CFR 369.2, for-hire, non-exempt motor carriers of property including household goods and dual property carriers, are classified by their adjusted annual carrier operating revenues as follows:
- Class I, Property: $10 million or greater;
- Class II, Property: $3-10 million; or
- Class III, Property: less than $3 million.
Class I and Class II property carriers must file an Annual Report Form M on or before March 31 of the following year.