Here's a brief answer. The FRA defines nine "classes" of track, each with a maximum permitted operating speed. They are:Class 1: freight 19/pass 15
Class 2: 25/40
Class 3: 40/60
Class 4: 60/80*
Class 5: 70/90*
Class 6: 110/110
Class 7: 125
Class 8: 150**
Class 9: 180**
*Train control rules restrict max speed to 79 MPH
**No simultaneous operation of freight with 150 MPH passenger; no freight allowed on Class 9.
There isn't any Class 9 track in the US; there are 18 miles of Class 8 on Amtrak's NEC.
For each class, FRA defines requirements in terms of:
- track geometry standards
- number of good ties
- some other parameters including inspection types and frequencies
If you're interested, go to www.fra.dot.gov
Look at the Office of Safety section