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Rail News Home Financials

3/27/2006



Rail News: Financials

Providence and Worcester increases income, revenue in 2005



Last year, the Providence and Worcester Railroad Co. (PWRR) generated operating revenue of $26.7 million, a 7.2 percent increase compared with 2004. The 545-mile regional boosted average revenue per carload and container by increasing rates and fuel surcharges, and shifting its traffic mix toward higher-priced commodities.

PWRR also earned annual net income of $1.3 million, a 30 percent increase compared with 2004. Diluted income per share rose five cents to 28 cents.

However, annual operating expenses increased 4.8 percent to $26 million primarily because fuel costs rose $666,000 compared with 2004.

PWRR moves traffic over lines in New York, Connecticut, Massachusetts and Rhode Island, and operates two intermodal yards in Worcester, Mass.


Contact Progressive Railroading editorial staff.

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