A high-speed Fiber Channel switch element in a Fiber Channel network is provided. The Fiber Channel switch element includes, a rate select module that allows a port in the Fiber Channel switch element to operate at a rate equal to and/or higher than 10 gigabits per second (“G”). The port may operate at 20 G, 40 G or at a rate greater than 40 G. Also, a cut status is provided for cut-through routing between ports operating at different speed. Plural transmit and receive lines are used for port operation at a rate equal to or higher than 10 G.