Pretty much. See in English railway (Eisenbahn in German) or runway (Startbahn/Landebahn) for the equivalent patterns. Especially since in the beginning railway and Eisenbahn meant primarily the way with rails only, not the entire enterprise.

Autobahn might actually be derived from Eisenbahn in that Wikipedia says some group choose it because of the similarity, but it only works because Bahn is the more general concept.